Latest news with #DelawareBasin
Yahoo
3 days ago
- Business
- Yahoo
ONEOK (OKE) Asserts Shareholder Value Commitment with $1.03 Quarterly Dividend
ONEOK, Inc. (NYSE:OKE) is one of the best depressed stocks to buy in 2025. On July 16, the company reiterated its commitment to shareholder value by maintaining a quarterly dividend of $1.03 a share. The quarterly dividend translates to an annualized dividend of $4.12 a share. Photo by Max Bender on Unsplash The company will pay a $1.03 per share dividend on August 14, 2025, to shareholders of record as of August 1, 2025. As it stands, ONEOK rewards investors with a 5.15% dividend yield, which is significantly above industry averages. The dividend offering follows the completion of the acquisition of the Delaware Basin JV for $940 million. The acquisition is poised to enhance ONEOK's operations in the Permian Basin by granting it full ownership of natural gas gathering and processing facilities in the Delaware Basin. ONEOK, Inc. (NYSE:OKE) is an energy company focused on midstream services in natural gas and natural gas liquids (NGLs) processing and transportation. It owns and operates an extensive network of pipelines, processing plants, and storage facilities, connecting energy producers with end-users. While we acknowledge the potential of OKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Medical AI Companies to Buy According to Analysts and . Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Globe and Mail
4 days ago
- Business
- Globe and Mail
EOG (EOG) Q2 EPS Beats by 4%
Key Points Earnings per share (Non-GAAP) of $2.32 surpassed analyst expectations by $0.09 in Q2 2025 Management maintained oil production levels while trimming 2025 capital expenditures by $200 million. These 10 stocks could mint the next wave of millionaires › EOG Resources (NYSE:EOG), a leading U.S. independent oil and gas producer, released results for Q2 2025 on August 7, 2025. Non-GAAP earnings per share (EPS) were $2.32. This beat consensus non-GAAP EPS estimates of $2.23. Management's response included a proactive reduction in capital expenditures for the year, aiming to protect free cash flow and shareholder returns. Overall, the quarter demonstrated strong operational discipline and ongoing investment in core assets but underlined a more challenging pricing environment for oil and gas. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (Non-GAAP) $2.32 $2.23 $3.16 (26.6%) Revenue (GAAP) $5.48 billion $5.45 billion N/A N/A Free Cash Flow (Non-GAAP) $973 million $1.37 billion (29.0%) Crude Oil Equivalent Volumes (MBoed) 1,134.1 1,047.5 8.3% Source: Analyst estimates for the quarter provided by FactSet. About EOG Resources and Its Strategic Focus EOG Resources is an oil and natural gas exploration and production company. It operates primarily in the United States, with key assets in the Delaware Basin, the Eagle Ford play in South Texas, and emerging projects such as Dorado and international ventures in Trinidad. Its core business centers on developing large proved reserve bases and leveraging advanced drilling technologies to maintain low-cost, high-return operations. In recent years, EOG Resources has prioritized cost management, technological innovation, and disciplined capital allocation. The company's strategy relies on drilling internally generated prospects and deploying advanced techniques to improve well productivity and efficiency. Key success factors include its large, high-quality reserve base, efficiency gains in well operations, proactive risk management regarding oil and gas prices, and adherence to evolving regulatory and environmental requirements. Quarter in Detail: Financial and Operational Review EOG faced headwinds from lower commodity prices in Q2 2025 The average realized price per barrel of oil equivalent (Boe) (GAAP) fell to $39.80 from $45.88 in Q1 2025. Oil price declines were notable, with U.S. crude oil and condensate averaging $64.84 per barrel, down from $72.90 in Q1 2025. Natural gas prices also fell, with realized U.S. gas prices at $2.87 per thousand cubic feet (Mcf), compared to $3.36 in Q1 2025. Despite this, Production volumes reached 1,134.1 thousand barrels of oil equivalent per day (MBoed). Oil volumes advanced to 504.2 thousand barrels per day, and natural gas liquids production reached 258.4 thousand barrels daily. Profit margins came under pressure from weaker pricing. The composite margin per Boe (GAAP) dipped to $14.94, compared to $21.70 in 2024. Adjusted net income decreased 3.1% and free cash flow dropped 29.8% compared to 2023. EOG Resources moved to control capital spending in light of softer pricing. Management reduced the 2025 capital budget by $200 million and narrowed drilling activity in the Delaware Basin, Eagle Ford, and Powder River Basin. These actions were designed to keep oil production steady and enhance projected free cash flow. The company also completed a $275 million bolt-on acquisition in the Eagle Ford, adding 30,000 net acres with drilling beginning in the same year. Recent infrastructure expansions, including the commissioning of the Janus Gas Processing Plant and pipeline connections, expanded market access and offered longer-term cost and revenue benefits. In international operations, EOG marked an oil discovery with the Beryl well in Trinidad in 2024, supplementing ongoing activity at its Mento and Coconut platforms. Efficiency improvements remained a highlight in newer plays, most notably at Dorado, where EOG achieved a 15% year-over-year increase in drilling efficiency compared to 2024, and maintained among the lowest gas breakeven costs in North America at approximately $1.40 per Mcf as of early 2025. These advances support the strategy of expanding a low-cost, high-return asset base while delivering on environmental goals. The company paid $528 million in dividends and continued opportunistic share buybacks, reducing its share count by 7% over nine consecutive quarters. EOG remained in a net cash position of $980 million (non-GAAP) as of June 30, 2025, underscoring a strong balance sheet. The quarterly dividend was maintained at $0.975 per share. Looking Ahead: Guidance and Future Considerations Management supplied a cautious outlook, indicating oil production would hold flat from Q1 2025 levels for the rest of the year. The company now expects approximately 2% oil production growth and 5% total production growth. Free cash flow guidance stands at $4 billion, assuming oil at $65 per barrel and natural gas at $3.75 per Mcf. EOG also foresees low-single-digit well cost reductions continuing as operational efficiency gains and possible service price relief provide modest upside on costs. No major tariff impacts are expected this year. Investors and observers should monitor trends in commodity prices, EOG's progress on executing further cost reductions, and regulatory developments, particularly regarding environmental and emissions standards. The company's dividend strategy and flexibility to hold or further adapt capital spending will also be important in managing through continued uncertainty in oil and gas markets. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,046%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. *Stock Advisor returns as of August 4, 2025
Globe and Mail
5 days ago
- Business
- Globe and Mail
LandBridge Announces Long-Term Surface Use and Pore Space Reservation Agreement with Devon Energy
LandBridge Company LLC (NYSE: LB) ('LandBridge') today announced it has executed a 10-year surface use and pore space reservation agreement with Devon Energy Corp. (NYSE: DVN) ('Devon') to support Devon's operations in the core of the New Mexico Delaware Basin. Under the agreement, LandBridge will provide Devon with 300,000 barrels per day (bpd) of pore space capacity on its East Stateline Ranch and Speed Ranch surface acreage. The pore space reservation will commence in the second quarter of 2027 and includes an obligation for Devon to deliver at least 175,000 bpd of produced water via a minimum volume commitment. This press release features multimedia. View the full release here: (1) Speedway Project announced by WaterBridge on April 1, 2025 is currently in development, and construction is dependent on WaterBridge's future commercialization and market viability. (2) Anticipated WaterBridge infrastructure buildout to support Devon Energy pore space reservation agreement. 'We're thrilled to expand our relationship with Devon Energy through this long-term agreement,' said Jason Long, Chief Executive Officer of LandBridge. 'This agreement not only secures Devon's future water management needs in the region, but also highlights the increasing value of contiguous, underutilized pore space in and around the Delaware Basin. LandBridge's pore space offering is uniquely differentiated — offering redundancy and long-term, reliable flow assurance that leading operators can depend on. This partnership is a clear validation of our strategy and the critical role we play in supporting sustainable development across the basin.' About LandBridge LandBridge owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin. For more information, please visit: Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on LandBridge's beliefs, as well as assumptions made by, and information currently available to, LandBridge, and therefore involve risks and uncertainties that are difficult to predict. Forward-looking statements include any statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although LandBridge believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, actual results may vary materially and adversely from those envisaged in this news release due to a number of factors, including those risks more fully discussed in LandBridge's filings with the SEC, including its most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. You can access LandBridge's filings with the SEC through the SEC's website at Except as required by applicable law, LandBridge undertakes no obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.
Yahoo
6 days ago
- Business
- Yahoo
Devon Energy to Report Q2 Earnings: How Should You Play the Stock?
Devon Energy Corporation DVN is expected to register an improvement in the top line and a decline in the bottom line when it reports second-quarter 2025 results on Aug. 5, after market close. The company reported a negative earnings surprise of 4.72% in the last reported us focus on how things might have shaped up for the company this season. Factors That Might Have Influenced DVN's Q2 Earnings Devon Energy is predicted to deliver solid second-quarter results, supported by strong production across its diverse multi-basin portfolio, particularly from the Delaware Basin, which has contributed to elevated output levels. To mitigate market volatility in oil, natural gas liquids ('NGL') and natural gas prices, the company has hedged its second-quarter 2025 production, providing additional stability to its earnings Energy's disciplined approach to cost management has effectively kept operating expenses in check. Robust cash flow generation has supported share repurchase efforts, which are expected to have further boosted quarterly earnings. Additionally, the company's U.S.-focused operations shield it from many geopolitical and regulatory risks. This is likely to have contributed positively to its second-quarter earnings company has been working on restructuring NGL contracts to improve price realizations and enhancing downstream oil realizations with expanding access to export markets, which is expected to have a positive impact on earnings. Q2 Expectation Devon Energy expects its second-quarter production volume to be in the range of 810-828 thousand barrels of oil equivalents per day (Mboe/d). The Zacks Consensus Estimate for second-quarter production volume is pegged at 817.7 Mboe/d, which indicates year-over-year growth of 15.7%.The Zacks Consensus Estimate for DVN's second-quarter revenues is pegged at $4.01 billion, indicating growth of 2.46% from the year-ago reported Zacks Consensus Estimate for earnings is pegged at 83 cents per share. The consensus mark for DVN's second-quarter earnings indicates a decline of 41.13% from the year-ago reported figure. What the Zacks Model Unveils Our model does not conclusively predict a likely earnings beat for DVN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below. Devon Energy Corporation Price and EPS Surprise Devon Energy Corporation price-eps-surprise | Devon Energy Corporation Quote You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Earnings ESP: DVN has an Earnings ESP of 0.00%.DVN's Zacks Rank: Devon currently carries a Zacks Rank #3. Stocks to Consider This Season Here are some stocks in the same sector that have the combination of factors indicating an earnings beat this Technologies, Inc. ARRY is expected to beat second-quarter earnings estimates when it reports results on Aug. 7, 2025. The company currently has an Earnings ESP of +76.19% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks (three to five years) earnings growth of the company is pegged at 21.63%. The Zacks Consensus Estimate of ARRY's 2025 and 2026 earnings per share indicates year-over-year growth of 10% and 35.35% GP Holdings PAGP is expected to beat second-quarter earnings estimates when it reports results on Aug. 8, 2025. The firm currently has an Earnings ESP of +50.00% and sports a Zacks Rank # Zacks Consensus Estimate of PAGP's 2025 and 2026 earnings per unit indicates year-over-year growth of 205.77% and 23.79% Energy, Inc. HPK is expected to beat second-quarter earnings estimates when it reports results on Aug. 11, 2025. The company currently has an Earnings ESP of +58.33% and a Zacks Rank # Zacks Consensus Estimate of HPK's 2025 and 2026 earnings per share indicates year-over-year growth of 2.99% and 3.62% respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN) : Free Stock Analysis Report Array Technologies, Inc. (ARRY) : Free Stock Analysis Report Plains Group Holdings, L.P. (PAGP) : Free Stock Analysis Report HighPeak Energy, Inc. (HPK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Reuters
6 days ago
- Business
- Reuters
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
Aug 5 (Reuters) - Midstream company ONEOK (OKE.N), opens new tab said on Tuesday it has made a final investment decision to build a new natural gas processing plant in the Delaware Basin, aiming to grow its footprint in the top U.S. shale field as gas volumes surge. The Big Horn plant will have a capacity to process 300 million cubic feet per day of natural gas and treat high-carbon dioxide gas, the company said on its post-earnings call. The facility and associated treater are expected to cost about $365 million and begin service in mid-2027.
