| Bill Barrett
Earnings Call |
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Bill Barrett Earnings Call, Second Quarter 2008
14th August 2008 00:00 AM |
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| Net income in the second quarter was $33.9 million, 75 cents per share, compared to $9.9 million, or 22 cents per share, a year ago. |
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| The natural gas and oil explorer said that revenue in the latest three months jumped 56% to $157.5 million from $100.7 million in the year-ago comparable period. Bill Barrett also raised its production expectations for 2008 on strong first-half results from improved operating cost performance. The company now expects production of between 77 billion and 80 billion of cubic feet equivalent, up from its earlier forecast of 74 billion to 78 billion of cubic feet equivalent. |
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Bill Barrett First Quarter Earnings Call
24th May 2008 00:00 AM |
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| The solid start puts the company on track to delivering projected production growth of 20% to 28% for fiscal 2008. |
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| The gas and oil exploration firm posted Q1 operating revenues of $149.2 million compared with $98.4 million in the previous year quarter and net income during the quarter was $30.7 million versus $14.2 million in Q1 of 2007. The management reported that quarterly production increased by 28% from the prior year period to 18.2 Bcfe. As a result of the record start in 2008, the company is narrowing and slightly raising the top end of its production guidance range to 74 Bcfe to 78 Bcfe. |
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Bill Barrett Fourth Quarter Earnings Call
4th March 2008 00:00 AM |
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| Income fell 77% from $11 million or 25 cents a share in 2006 year to $2.5 million or 6 cents a share, on dry hole costs, depreciation and depletion. |
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| The gas and oil exploration firm reported a 20% increase in revenues to $109 million from $91 million in the prior year on increased production, despite lower prices. The firm also continued to see efficiency improvements in drilling costs, completion, optimization and significant improvement in LOE during the year, as a direct result of the commitment toward utilization of the right technologies and management practice to maximize cost efficiencies. |
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Bill Barrett Second Quarter Earnings Call
10th September 2007 00:00 AM |
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| The net income grew to $9.9 million or 22 cents a share versus $8.2 million or 19 cents a share in the previous year. |
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| Bill Barrett, the leading oil and gas company, reported revenue of $101 million as against the analysts’ expectation of $94 million. The production during the Q2 increased 24% to 15.1 Bcfe, with the continued growth of West Tavaputs and Piceance. During the quarter, the company sold its Williston Basin properties and realized an $11 million pre-tax gain. For fiscal 2007, Bill Barrett expects annual growth rate of 17% to 23% and has revised the production forecast to 61 to 64 Bcf for the year. |
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Bill Barrett Fourth Quarter Earnings Call
23rd April 2007 00:00 AM |
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| In the fourth quarter, the company produced 14.2 Bcfe, a 15% increase over the fourth quarter 2005 and a 13% improvement sequentially. |
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| Oil and gas production for fiscal 2006 was 52.1 Bcfe compared to 39.4 Bcfe in fiscal 2005. Including hedging effect, the company''s average realized sales price for oil and gas production in 2006 was $6.60 per Mcfe vs. an average realized sales price in 2005 of $7.21 per Mcfe. In the quarter, production was 14.2 Bcfe, a 13% sequential increase and a 15% increase over a year ago. The quarterly realized prices were $6.21 per Mcfe compared to $8.89 per Mcfe in the fourth quarter of 2005. |
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