Anadarko Petroleum Topped Q2 EPS Estimates

- Anadarko Petroleum Topped Q2 EPS Estimates



Jul 25, 2011

Anadarko Petroleum (NYSE:APC) announced Q2 EPS of $1.14, ex-items, ahead of consensus estimates of $0.95 per share. During the quarter, sales volumes totaled 62 million barrels of oil equivalent, or 685,000 BOE per day, averaging about 2.3 billion cubic feet of natural gas per day, 225,000 barrels of oil per day, and 72,000 barrels of natural gas liquids per day.

Anadarko Chairman and CEO Jim Hackett said, "We achieved record liquids sales volumes during the quarter, enhancing margins and generating excellent cash flows. Nearly all of the year-over-year volume growth was attributable to a 34,000 barrel-per-day increase in liquids volumes. These results contributed to strong discretionary cash flows of more than $1.8 billion -- approximately $117 million above our capital expenditures, which included a one-time cash investment of $518 million associated with the acquisition of the Wattenberg plant."

Anadarko Petroleum has a potential upside of 15.4% based on a current price of $82.58 and an average consensus analyst price target of $95.26.

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Anadarko Pays $17 Million In Royalty Claims

- Anadarko Pays $17 Million In Royalty Claims



Jun 20, 2011

Anadarko Petroleum Corp. (NYSE:APC), along with Kerr-McGee Corp. and their affiliates will have to pay more than $17 million in royalties. According to the Justice Department, Anadarko Petroleum Corp. knowingly underpaid royalties owed on natural gas produced from federal and Indian lands.

This $17 million settlement resolves the claims that Anadarko and Kerr-McGee improperly reported processed gas as unprocessed gas in order to lower royalty payments. In recent activity, shares of Anadarko were down 1% to $69.78.

The oil and gas company has a potential upside of 33.8% based on a current price of $69.73 and an average consensus analyst price target of $93.3.

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Anadarko Petroleum Declares Quarterly Dividend

- Anadarko Petroleum Declares Quarterly Dividend



May 17, 2011

The Board of Directors of Anadarko Petroleum Corporation (NYSE:APC) declared a quarterly cash dividend of $0.09 per share today.

The dividend is payable June 22, 2011, to stockholders of record at the close of business on June 8, 2011, and represents an annual yield of about 0.50%.

Shares of Anadarko Petroleum are trading down 1.21% at $72.51.

Anadarko Petroleum has a potential upside of 29.2% based on a current price of $72.51 and an average consensus analyst price target of $93.7.

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Anadarko Petroleum Reported Q1 Results, Top Line Up 3.5% YoY

Anadarko Petroleum Reported Q1 Results, Top Line Up 3.5% YoY



May 2, 2011

Anadarko (NYSE:APC) reported Q1 EPS of $0.43 and adjusted net income of $0.72 per share. Analysts, on average, estimated EPS of $0.58 per share. Revenues for the quarter rose 3.5% year-over-year to $3.25 billion, ahead of consensus estimates of $3.09 billion.

Anadarko Chairman and CEO Jim Hackett said, "Anadarko delivered record sales volumes in the first quarter, including a 15-percent quarter-over-quarter increase in daily liquids volumes, strong cash flow and improved margins. This record performance was highlighted by the rapid growth of our shale plays and our first lifting from the Jubilee field offshore Ghana. Our deepwater exploration program also achieved excellent results in the quarter with three discoveries and three successful offshore appraisal wells. Early in the second quarter, we closed the previously announced $1.6 billion joint venture with KNOC (Korea National Oil Corporation) in the Eagleford Shale, validating the tremendous embedded value of this resource."

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