Noble Energy Posts Loss In Q2 - Quick Facts

(RTTNews) - Noble Energy, Inc. (NBL) Monday announced a second-quarter net loss of $109 million, or $0.28 per share, compared to profit of $192 million or $0.52 per share last year.

Adjusted income was $101 million, or $0.26 per share, while it totaled $323 million or $0.88 per hare in the prior year. On average, 29 analysts polled by Thomson Reuters expected earnings of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues declined to $730 million from $1.383 billion in the prior year. Analysts expected revenues of $889.74 million.

Total sales volumes for the quarter averaged 299 thousand barrels of oil equivalent per day, up 3 percent from last year, or 7 percent after adjusting for non-core assets divested during 2014.

Looking ahead, full year 2015 Noble Energy sales volumes, prior to the inclusion of Rosetta assets, have been increased to between 305 and 320 MBoe/d, reflecting strong confidence in underlying performance and development execution for the second half of the year.