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Energen Corp (EGN.N)

EGN.N on New York Stock Exchange

72.51USD
14 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Energen Says Laurence Downes Resigned From Board
Friday, 8 Jun 2018 04:21pm EDT 

June 8 (Reuters) - Energen Corp ::ENERGEN SAYS LAURENCE DOWNES RESIGNED FROM BOARD; BOARD IS NOW COMPRISED OF 10 DIRECTORS - SEC FILING.  Full Article

Corvex Management Among Others Entered Into Stock Purchase Agreement Of Energen
Monday, 21 May 2018 09:07am EDT 

May 21 (Reuters) - Energen Corp ::CORVEX MANAGEMENT SAYS CORVEX, AMONG OTHERS & HIGH RIVER LIMITED, AMONG OTHERS ENTERED INTO STOCK PURCHASE AGREEMENT OF ENERGEN STOCK - SEC FILING.CORVEX MANAGEMENT SAYS PURSUANT TO AGREEMENT ICAHN GROUP AGREED TO BUY 2 MILLION ENERGEN SHARES AT $64.84 PER SHARE FROM CORVEX PARTIES.CORVEX MANAGEMENT SAYS CORVEX PARTIES & ICAHN GROUP ALSO ENTERED INTO STOCK OPTION AGREEMENT IN RELATION TO ENERGEN STOCK.CORVEX MANAGEMENT SAYS FOLLOWING OPTION DEAL, CORVEX PARTIES GRANTED ICAHN GROUP OPTION TO BUY ADDITIONAL 2 MILLION ENERGEN SHARES AT $67.37/SHARE.CORVEX MANAGEMENT SAYS FOLLOWING OPTION DEAL, ICAHN GROUP MAY EXERCISE OPTION AT ANY TIME THROUGH NOV 18.CORVEX MANAGEMENT REPORTS 8.7 PERCENT STAKE IN ENERGEN CORP AS OF MAY 20.  Full Article

Energen Corp Reporting Q1 Adjusted Loss Per Share $0.81 Including Items
Tuesday, 8 May 2018 06:00am EDT 

May 8 (Reuters) - Energen Corp ::PRODUCTION BEATS 1Q18 GUIDANCE MIDPOINT BY 4%.Q1 ADJUSTED LOSS PER SHARE $0.81 INCLUDING ITEMS.Q1 EARNINGS PER SHARE VIEW $0.78 -- THOMSON REUTERS I/B/E/S.ESTIMATES 2018 PRODUCTION GUIDANCE OF 92.0 MBOEPD - 99.0 MBOEPD.QTRLY TOTAL REVENUES $356.2 MILLION VERSUS $240.9 MILLION.ENERGEN'S PRODUCTION IN 1Q18 TOTALED 92.9 MBOEPD.QTRLY OIL PRODUCTION OF 55.4 MBOPD.Q1 REVENUE VIEW $328.6 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

UPDATE 2-Energen tops profit estimates, raises production forecast

Aug 7 Oil and gas company Energen Corp beat quarterly profit estimates on Tuesday, helped by new well designs and higher oil prices, prompting it to forecast a rise in production for the rest of the year.