Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

3 Takeaways From Anadarko Petroleum's Earnings Report

The recent fourth quarter earnings report of Anadarko Petroleum (APC) ended with diluted EPS of $0.37 per share - well below market expectations. The company presented some promising results when it comes to its output and its future developments albeit its losses for the quarter. Let's review three takeaways from this earnings report.

1. Reaching production goals

Despite the company's losses for the quarter, it still managed to reach its quarterly goals for its total production, as indicated in the table below. Moreover, Anadarko's natural gas liquids output was roughly 4% higher its average quarterly goals. Compared to the same quarter in 2013, its production grew by nearly 7% -- most of this rise came from Anadarko's oil output in fields such as Eagle-ford shale.

Source of data: Anadarko's website

Looking forwards, the plunge in oil prices hasn't stopped the company from keeping on track several of its developing… Read More …