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BP plc (BP) Beats Q1 Earnings Estimates, Revenues Up Y/Y
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Earnings Beat: Headquartered in London, BP p.l.c. (BP - Free Report) reported first-quarter adjusted earnings of 78 cents per American Depositary Share (ADS) on a replacement cost basis. The bottom line surpassed the Zacks Consensus Estimate of 67 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of earnings for the quarter has been unchanged in the last seven days.
BP has an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 30.7%.
Revenue: Revenues of $69,143 million came higher than $56,386 million in the year-ago comparable quarter.
Key Stats: Total production of 2.605 million barrels of oil equivalent per day (MMBoe/d) was up 9% year over year.
The company sold liquids for $61.40 per barrel in the first quarter (versus $49.87 in the year-earlier quarter) and natural gas for $3.78 per thousand cubic feet (versus $3.50). Overall price realization increased to $41.39 per Boe from the year-ago level of $37.19 per Boe.
Refining Marker Margin of $11.7 per barrel stands in line with the prior-year quarter. Total refinery throughput increased to 1,761 thousand barrels per day (MB/d) from 1,676 MB/d in the year-earlier period. Refining availability was 94.8% versus 95.2% in the year-ago period.
Check back later for our full write up on this BP earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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BP plc (BP) Beats Q1 Earnings Estimates, Revenues Up Y/Y
Earnings Beat: Headquartered in London, BP p.l.c. (BP - Free Report) reported first-quarter adjusted earnings of 78 cents per American Depositary Share (ADS) on a replacement cost basis. The bottom line surpassed the Zacks Consensus Estimate of 67 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of earnings for the quarter has been unchanged in the last seven days.
BP has an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 30.7%.
BP p.l.c. Price and EPS Surprise
BP p.l.c. Price and EPS Surprise | BP p.l.c. Quote
Revenue: Revenues of $69,143 million came higher than $56,386 million in the year-ago comparable quarter.
Key Stats: Total production of 2.605 million barrels of oil equivalent per day (MMBoe/d) was up 9% year over year.
The company sold liquids for $61.40 per barrel in the first quarter (versus $49.87 in the year-earlier quarter) and natural gas for $3.78 per thousand cubic feet (versus $3.50). Overall price realization increased to $41.39 per Boe from the year-ago level of $37.19 per Boe.
Refining Marker Margin of $11.7 per barrel stands in line with the prior-year quarter. Total refinery throughput increased to 1,761 thousand barrels per day (MB/d) from 1,676 MB/d in the year-earlier period. Refining availability was 94.8% versus 95.2% in the year-ago period.
Zacks Rank: Currently, BP has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2018 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this BP earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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