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Energen Corp (EGN.N)

EGN.N on New York Stock Exchange

56.82USD
23 Feb 2018
Change (% chg)

$2.52 (+4.64%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Energen Q4 Adjusted Loss Per Share $0.63
Tuesday, 20 Feb 2018 06:00am EST 

Feb 20 (Reuters) - Energen Corp ::Q4 ADJUSTED LOSS PER SHARE $0.63.‍4Q17 PRODUCTION OF 97.4 MBOEPD EXCEEDED GUIDANCE BY 14% AND SURPASSED 3Q17 PRODUCTION BY 20%​.‍4Q17 OIL PRODUCTION OF 58.1 MBOPD EXCEEDED GUIDANCE BY 8% AND SURPASSED 3Q17 OIL PRODUCTION BY 19%​.‍ANNUAL OIL PRODUCTION ESTIMATED TO GROW AT 3-YEAR CAGR OF ABOUT 28%​.‍ANNUAL PRODUCTION ESTIMATED TO REACH ABOUT 160 MBOEPD IN 2020, WITH 4Q EXIT RATE OF ABOUT 170 MBOEPD​.‍DRILLING AND DEVELOPMENT CAPITAL ESTIMATED TO INCREASE TO $1.6-$1.8 BILLION IN 2020​.‍YE20 EBITDAX ESTIMATED TO BE ABOUT $1.6 BILLION; 3-YEAR CAGR OF ABOUT 35%.‍2018 PRODUCTION ESTIMATED TO GROW 25% YOY AT MIDPOINT​.‍3-YEAR PRODUCTION CAGR (2018-2020) EXPECTED TO EXCEED 28% PER YEAR​.QTRLY GAAP NET INCOME FROM ALL OPERATIONS OF $262.4 MILLION, OR $2.68 PER DILUTED SHARE‍​.QTRLY GAAP TOTAL REVENUES $114.5 MLN‍​.QTRLY TOTAL REVENUE $271.8 MILLION VERSUS $114.5 MILLION.Q4 EARNINGS PER SHARE VIEW $0.42, REVENUE VIEW $299.7 MILLION -- THOMSON REUTERS I/B/E/S.‍PLANS TO INVEST $1.1 BILLION TO $1.3 BILLION OF CAPITAL FOR DRILLING AND DEVELOPMENT ACTIVITIES IN 2018​.‍PLANS TO DRILL APPROXIMATELY 130 GROSS/120 NET HORIZONTAL WELLS IN 2018​.‍DURING 2018, COMPANY PLANS TO RUN AN AVERAGE OF 9 DRILLING RIGS AND 4.5 FRAC CREWS​.‍YEAR-END 2017 PROVED RESERVES INCREASE 40% TO 444 MMBOE​.  Full Article

Energen Issues Statement In Response To Corvex
Wednesday, 31 Jan 2018 07:46pm EST 

Jan 31 (Reuters) - Energen Corp ::ENERGEN ISSUES STATEMENT IN RESPONSE TO CORVEX.‍ESTIMATE THAT YOY PRODUCTION GROWTH IN 2017 WILL BE MORE THAN 34 PCT​.ENERGEN SAYS ISSUED STATEMENT AFTER CORVEX MANAGEMENT SUBMITS 4 NOMINEES FOR ELECTION TO BOARD OF DIRECTORS AT CO'S 2018 ANNUAL MEETING.  Full Article

Energen enters amendment to credit agreement
Tuesday, 14 Nov 2017 12:25pm EST 

Nov 14 (Reuters) - Energen Corp ::Says effective Nov 9, co entered seventh amendment to credit agreement and first amendment to pledge and security agreements‍​.Says amendment changes credit agreement to increase amount of borrowing base from $1.4 billion to $1.7 billion​ - SEC filing.Says ‍amendment changes credit agreement to increase borrowing base to $1.7 billion as result of Oct 1 scheduled redetermination​ - SEC filing.Says ‍aggregate commitment under credit agreement did not change and remains at $1.05 billion​.  Full Article

Energen reports Q3 adj EPS of $0.20
Wednesday, 8 Nov 2017 06:28am EST 

Nov 8 (Reuters) - Energen Corp ::Q3 adjusted earnings per share $0.20 .Q3 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.‍4Q17 production guidance raised 5%​.‍3Q17 production of 81.3 mboepd​.‍Revised CY17 production of 73.2 mboepd is on track to exceed CY16 volumes by 34% (prior estimate was 29%)​.Q3 oil production grew 9% from 2q17.​.‍4Q17 production estimate raised for all commodities​.‍YOY growth in 4Q exit rate is now estimated to be 60%​.Expect gen 3 multi-zone pattern wells to continue driving production growth moving forward​.Raised its production guidance for 2017 by 4 percent to 73.2 mboepd​.Now expects 4Q17 volumes to reach 85.7 mboepd for an increase of 60 percent from same period a year ago​.Qtrly ‍​ total revenues $191.504 million versus $184.385 million.Qtrly GAAP net loss per share from all operations $0.19.Q3 earnings per share view $0.16, revenue view $242.9 million -- Thomson Reuters I/B/E/S.  Full Article

Energen reports Q3 adjusted loss per share of $0.20
Wednesday, 8 Nov 2017 06:00am EST 

Nov 8 (Reuters) - Energen Corp ::Q3 adjusted loss per share $0.20.Q3 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.4Q17 production guidance raised 5 percent.‍3Q17 production of 81.3 Mboepd​.Revised CY17 production of 73.2 Mboepd is on track to exceed CY16 volumes by 34 percent (prior estimate was 29 percent)​.Q3 oil production grew 9 percent from 2Q17.‍4Q17 production estimate raised for all commodities​.YoY growth in 4Q exit rate is now estimated to be 60 percent​.Expect Gen 3 multi-zone pattern wells to continue driving production growth moving forward​.Raised its production guidance for 2017 by 4 percent to 73.2 Mboepd​.Now expects 4Q17 volumes to reach 85.7 Mboepd for an increase of 60 percent from same period a year ago​.Qtrly ‍​total revenues $191.504 million versus $184.385 million.Qtrly GAAP net loss per share from all operations $0.19.Q3 earnings per share view $0.16, revenue view $242.9 million -- Thomson Reuters I/B/E/S.  Full Article

Energen says ‍court ruled that Corvex will not be able to call special meeting to expand co's board
Tuesday, 31 Oct 2017 04:40pm EDT 

Oct 31 (Reuters) - Energen Corp :Energen says ‍court ruled that Corvex management will not be able to call special meeting of shareholders to expand co's board - SEC filing.  Full Article

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

Energen's oil production forecast misses estimates amid proxy fight

Oil and gas company Energen Corp , under pressure from Keith Meister-led Corvex Management to sell itself, reported a better-than-expected quarterly profit, but its expectations for oil production this year fell short of analysts' estimates.