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Energen Corp (EGN.N)

EGN.N on New York Stock Exchange

53.11USD
18 Dec 2017
Change (% chg)

$0.84 (+1.61%)
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Energen enters amendment to credit agreement

* Says effective Nov 9, co entered seventh amendment to credit agreement and first amendment to pledge and security agreements‍​