SmallCapPower | February 26, 2016: WTI crude prices are facing stiff headwinds moving up from the US$30 level, weighing on many stocks in the S&P 500. That being said, the outlook for oil worsened recently, as Saudi oil minister Ali al-Naimi ruled out production cuts anytime soon. Concurrently, JPMorgan added another $500mm in energy-related loan-loss reserves, following a $67mm provision in the fourth quarter. Given that the indebted energy stocks on our list today are reporting earnings soon, shareholders should take a closer look at their ability to pay creditors, and whether a positive earnings release is expected or not.
EQT Corp. (NYSE: EQT) – $56.18
Oil & Gas Exploration and Production
EQT Corporation (EQT) is an energy company that operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres, including around 630,000 gross acres in the Marcellus play. EQT Midstream assets are located in the Marcellus Shale region, spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering, transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.
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Market Cap: $8,862
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Operating Income (LTM, mm): $563
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Total Debt (LFQ, mm): $3,092
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Reporting Date: 20/04/2016
Cabot Oil & Gas Corp. (NYSE: COG) – $19.41
Oil & Gas Exploration and Production
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company’s exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas.
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Market Cap: $7,975
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Operating Income (LTM, mm): -$90
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Total Debt (LFQ, mm): $2,025
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Reporting Date: 21/04/2016
Hess Corp. (NYSE: HES) – $41.58
Oil & Gas Refining and Marketing
Hess Corporation (Hess) is an exploration and production (E&P) company that develops, produces, purchases, transports and sells crude oil and natural gas. Its production operations are located primarily in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia and Norway. The Company’s production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota, the Permian Basin of Texas, and the Utica Basin of Ohio.
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Market Cap: $13,037
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Operating Income (LTM, mm): -$3,967
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Total Debt (LFQ, mm): $6,630
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Reporting Date: 26/04/2016
Exxon Mobil Corp. (NYSE: XOM) – $82.01
Oil & Gas Refining and Marketing
Exxon Mobil Corporation is an energy company engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. Exxon also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a variety of specialty products.
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Market Cap: $338,155
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Operating Income (LTM, mm): $14,939
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Total Debt (LFQ, mm): $38,700
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Reporting Date: 27/04/2016
ConocoPhillips (NYSE: COP) – $33.06
Oil & Gas Exploration and Production
ConocoPhillips (ConocoPhillips) is an independent exploration and production company that explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International.
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Market Cap (mm): $40,644
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Operating Income (LTM, mm): -$7,300
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Total Debt (LFQ, mm): $24,880
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Reporting Date: 27/04/2016
