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Energen Corp (EGN)

EGN on New York Consolidated

53.09USD
22 Sep 2017
Change (% chg)

$-0.23 (-0.43%)
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Latest Key Developments (Source: Significant Developments)

Energen Corp CEO and Chairman meet with representatives of Corvex Management LP
Tuesday, 12 Sep 2017 04:38pm EDT 

Sept 13 (Reuters) - Energen Corp :Energen Corp - ‍lead independent director, ceo and chairman of co met with representatives of Corvex Management LP - SEC filing​.Energen Corp - Corvex believes it is entitled to call special meeting of Energen shareholders for the purposes of expanding the company’s board of directors‍​.Energen Corp - ‍filed for a declaratory judgment and injunctive relief from circuit court of Jefferson county, Alabama.​.  Full Article

Energen Corp Q2 adjusted earnings per share $0.06
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - Energen Corp ::Q2 adjusted earnings per share $0.06.Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Qtrly earnings per share $‍0.30​.Estimate of capital spending for drilling and development in 2017 remains unchanged at $850 million -$900 million​.S​ees CY17 production of 70.6 mboepd.  Full Article

Corvex Management reports 9.8 pct stake in Energen‍​
Thursday, 3 Aug 2017 05:40pm EDT 

Aug 3 (Reuters) - Energen Corp -:Corvex Management LP reports 9.8 percent stake in Energen Corp as of August 3, 2017 - sec filing‍​.Corvex Management LP had previously reported a ‍​8.8 percent stake in Energen Corp as of July 18, 2017 - sec filing.  Full Article

Corvex Management LP reports 8.8 pct stake in Energen Corp as of July 18 - SEC Filing
Wednesday, 19 Jul 2017 05:53pm EDT 

July 19 (Reuters) - Energen Corp :Corvex Management LP reports 8.8 percent stake in Energen Corp as of July 18 versus a stake of 7.6 percent as of June 26 - SEC Filing.  Full Article

Corvex Management LP reports 7.6 pct stake in Energen Corp as of June 26
Wednesday, 28 Jun 2017 08:15am EDT 

June 28 (Reuters) - Energen Corp :Corvex Management LP - On June 27, delivered a letter to Energen Corp's board of directors - SEC Filing.Corvex Management LP - In letter, expressed disappointment with Energen's decision to continue with status quo business plan without conducting road show with shareholders.Corvex Management LP - In letter, believe Energen did not conduct substantive review of alternatives to maximize shareholder value.Corvex Management LP - In letter, urge Energen board to re-examine conclusions as to best direction for co after receiving feedback from shareholders.Corvex Management LP reports 7.6 percent stake in Energen Corp as of June 26 versus 6.6 percent stake as of June 14.  Full Article

Energen raises 2017 production guidance on strength of Gen 3 Frac performance
Monday, 19 Jun 2017 04:30pm EDT 

June 19 (Reuters) - Energen Corp -:Energen raises 2017 production guidance on strength of gen 3 frac performance.Energen Corp- 2017 production now estimated to increase approximately 29% from prior year.Energen Corp says 2017 production now estimated to increase approximately 29% from prior year.Energen Corp says energen's 2017 drilling and development capital expenditure guidance remains unchanged at $850-$900 million..Energen Corp- company is raising its total 2017 production estimate to 70.2 mboepd, or 5.9 percent higher than prior guidance.Energen Corp says Energen's 4q17 exit rate is now estimated to be 53 percent higher than 4q16 exit rate.  Full Article

Energen Corp's qtrly diluted earnings per average common share $ 0.34
Friday, 5 May 2017 06:51am EDT 

May 5 (Reuters) - Energen Corp : :Energen Corp - production in 1q17 totaled 52.8 thousand barrels of oil equivalents per day (mboepd),exceeded guidance of 50.2 mboepd by 5.2 percent.Energen Corp - qtrly diluted earnings per average common share $ 0.34.Energen Corp- energen estimates that it will invest an additional $60-$65 million in 2017 for 4 more gross completions.Energen Corp - company's revised capital budget of $850-$900 million for drilling and development activities for 2017 .Energen Corp - qtrly total revenues $240.9 million versus $128.2 million.Energen Corp- Energen had an adjusted loss in 1Q17 of $ 0.13 per diluted share.  Full Article

Energen Corp amends credit facility - sec filing
Tuesday, 25 Apr 2017 04:38pm EDT 

April 25 (Reuters) - Energen Corp :Energen Corp- effective april 21 entered into a sixth amendment to its credit agreement - sec filing.Energen-Amendment changes credit agreement to increase amount of borrowing base to $1.4 billion as a result of april 1, 2017 scheduled redetermination.Energen Corp - aggregate commitment under credit agreement did not change and remains at $1.05 billion - sec filing.  Full Article

Energen CEO Mcmanus James' FY 2016 total compensation was $5 mln
Tuesday, 21 Mar 2017 12:18pm EDT 

Energen Corp :CEO Mcmanus James's FY 2016 total compensation was $5.0 million versus $7.9 million in FY 2015 - sec filing.  Full Article

Energen Qtrly non-gaap loss per share $0.51
Thursday, 9 Feb 2017 04:15pm EST 

Energen Corp : Energen Corp - Energen's board of directors has approved a 2017 capital budget (excluding lease renewals and acquisitions) of $790 million . Energen - annual estimated 2017 production of 65.7 mboepd reflects a 20 percent year-over-year increase based on older generation frac designs . Energen - energen expects most of its per-unit expenses to generally decline in 2017 as production increases . Energen - annual estimated 2017 production of 65.7 mboepd reflects a 20 percent year-over-year increase based on older generation frac designs . Energen - has increased its 2017 hedge positions for oil, ngl, and natural gas and has initiated hedging for 2018 . Energen - also has hedged midland to cushing differential on 9.1 million barrels (approximately 69 percent) of its sweet oil production in 2017 . Energen - energen expects most of its per-unit expenses to generally decline in 2017 as production increases . Qtrly loss per share $0.56 . Qtrly non- gaap loss per share $0.51 .Energen Corp - qtrly gaap total revenues $114.52 million.  Full Article

Corvex firm on investor vote after Energen seeks court ruling

Activist investor Corvex Management LP said it would go ahead with its plan to get Energen Corp's investors to vote on its proposals and called the company's decision to seek court's guidance on Alabama's shareholder rights law a "distraction".