Noble Energy Q1 Adj. Profit Plunges, Yet Tops View - Quick Facts

(RTTNews) - Noble Energy Inc. (NBL) reported first-quarter loss of $22 million or $0.06 per share, compared to net income of $200 million or $0.55 per share, prior year.

Excluding the impact of certain items, adjusted income for the latest first quarter plunged to $10 million or $0.03 per share from $300 million or $0.82 per share in the comparable quarter last year.

On average, 31 analysts polled by Thomson Reuters expected the company to report profit per share of $0.02 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $759 million from $1.38 billion last year. Analysts expected revenue of $908.02 million for the quarter.

Total sales volumes for the quarter averaged a record 318 thousand barrels of oil equivalent per day (MBoe/d). This represents an increase of eleven percent compared to the first quarter of 2014, or 17 percent after adjusting for divested assets.

For 2015, the company is raising its full year 2015 sales guidance to range between 300 and 315 MBoe/d.