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Energen Corp (EGN.N)

EGN.N on New York Stock Exchange

56.82USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Corvex Management Nominates Four Candidates For Board Of Energen Corp
Thursday, 1 Feb 2018 

Jan 31 (Reuters) - Energen Corp ::CORVEX MANAGEMENT NOMINATES FOUR HIGHLY-QUALIFIED INDEPENDENT CANDIDATES FOR ELECTION TO THE BOARD OF DIRECTORS OF ENERGEN CORPORATION.‍CORVEX MANAGEMENT SAYS OWNS 9.9% OUTSTANDING SHARES​ OF ENERGEN CORP.  Full Article

Energen enters amendment to credit agreement
Tuesday, 14 Nov 2017 

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 

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 

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
Wednesday, 1 Nov 2017 

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 posts Q2 earnings per share $0.38
Tuesday, 9 Aug 2016 

Energen Corp : Energen's 2Q16 production exceeds guidance midpoint by 4 pct . Company sees double-digit production growth potential in 2017 while maintaining strong balance sheet . Production in 2Q16 totaled 56.0 thousand barrels of oil equivalents per day . Qtrly GAAP earnings per share $0.38 . Q2 earnings per share view $-0.34, revenue view $148.4 million -- Thomson Reuters I/B/E/S . Q2 adjusted loss per share $0.28 excluding items .Q2 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.  Full Article

Energen sees 2016 production of 52.7-53.5 mboepd, excluding asset sales
Tuesday, 28 Jun 2016 

Energen Corp : Expects 2016 production of 52.7-53.5 mboepd, excluding asset sales . Expects to build 37-39 net DUCs to be drilled in the Midland Basin and 17-19 net in Delaware Basin . Expects double digit production growth in 2017, if all things remain equal at current levels Further company coverage: [EGN.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Energen says adds swaps for 1.6 mln barrels of 2017 oil production
Friday, 27 May 2016 

Energen Corp : Recently added swaps for 1.6 million barrels of its 2017 oil production at an average Nymex price of $50.55 per barrel . Recently entered into three way collars for 3.0 million barrels of its 2017 oil production at an average call price of $61.03 per barrel . Company's total oil volumes hedged in 2017 now at 7.1 million barrels . Added 7.2 BCF of permian basin-specific contracts to its 2017 natural gas hedge position at an average contract price of $2.85 per MCF .Energen's total natural gas hedge position in 2017 now at 10.8 bcf of basin-specific gas at an average contract price of $2.82 per MCF.  Full Article

UPDATE 2-Energen's oil production forecast misses estimates amid proxy fight

* Q4 adj. EPS 63 cents vs. analysts' estimate 42 cents (Adds production forecast, details from conference call, shares)