Tuesday, May 5, 2015

Top Utica Shale Drillers Reporting Earnings this Week

A big week coming up
After Antero Resource’s Q1 015 earnings report April 30, a raft of earnings reports are due out this week. Antero reported Utica production up 43% from Q4 2014 to Q1 2015. And also last week, Hess  reported earnings, April 29th, when they announced a reduction in their 2-rig Utica program to a 1-rig program by June. Earnings calls can reveal a great deal and much will be written of what is said.

Earnings reports coming out May 4th week from top Utica Shale players in Ohio include  (Investor page links included)

Chesapeake Energy (May 6th, 8am CT)
Gulfport Energy (May 6th, 8am CT)
Eclipse Resources (May 6th, at market close)
Carrizo (May 6th, 11am)
Rice Energy (May 7th, 9am ET)
PDC Energy (May 7th, 11am ET)

Much should be revealed
After investor calls I’ve found SeekingAlpha.com to be a great place to scan and read call transcripts where much more insight is provided than the earnings report itself.

The earnings announcements should offer additional insights into what we might expect for the year with respect to rig count and activity in the Utica Shale.