Last $11.53 USD
Change Today -0.40 / -3.35%
Volume 1.7M
WPX On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

wpx energy inc (WPX) Snapshot

Open
$11.78
Previous Close
$11.93
Day High
$11.78
Day Low
$11.32
52 Week High
09/4/14 - $26.79
52 Week Low
12/16/14 - $10.01
Market Cap
2.3B
Average Volume 10 Days
6.1M
EPS TTM
$-0.04
Shares Outstanding
203.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WPX ENERGY INC (WPX)

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wpx energy inc (WPX) Details

WPX Energy, Inc., an independent natural gas and oil exploration and production company, is engaged in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids, as well as developing and growing oil positions. Its principal areas of operation include the Piceance Basin, Williston Basin, San Juan Basin, Appalachian Basin, and Powder River Basin. The company also owns a 69% ownership interest in Apco Oil and Gas International Inc., which holds oil and gas concessions in Argentina and Colombia. As of December 31, 2013, it had proved reserves of 4,905 billion cubic feet of gas equivalent (Bcfe) comprising 4,762 Bcfe in domestic reserves and 143 Bcfe in international reserves. The company has a strategic alliance with Legacy Reserves LP. WPX Energy, Inc. is based in Tulsa, Oklahoma.

1,200 Employees
Last Reported Date: 02/27/14

wpx energy inc (WPX) Top Compensated Officers

Senior Vice President of Business Development
Total Annual Compensation: $363.9K
Compensation as of Fiscal Year 2013.

wpx energy inc (WPX) Key Developments

WPX Mulls Sale Of Marcellus Shale Assets

WPX Energy, Inc. (NYSE:WPX) is planning to sell assets. WPX is also planning to sell its remaining assets in the Marcellus Shale, which include its physical operations in Westmoreland County in southwestern Pennsylvania and further firm transport capacity on Transco's Northeast Supply Link line. WPX’s President and Chief Executive Officer Rick Muncrief said, “We're heading into 2015 reshaped, refocused and ready to grow margins, develop our highest returning assets and build the long-term value of the company.”

WPX Energy, Inc. Announces Executive Changes

On November 12, 2014, the board of directors of WPX Energy, Inc. appointed Stephen L. (Larry) Faulkner, as Vice President and Controller. In his new role, Mr. Faulkner will serve as WPX Energy's Principal Accounting Officer, replacing J. Kevin Vann, who will continue to serve as WPX Energy's Principal Financial Officer in his role as Senior Vice President and Chief Financial Officer. Mr. Faulkner has served as the company's Director of Financial Reporting and Property Accounting since its spin-off from The Williams Companies, Inc. on December 31, 2011, and before then he had served since 2008 as Williams' Manager of Financial Reporting and Property Accounting.

WPX Energy, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014 and Production Results for the Third Quarter Ended September 30, 2014

WPX Energy, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014 and production results for the third quarter ended September 30, 2014. For the quarter, the company reported net income attributable to the company of $62 million, or income of $0.30 per diluted share, compared with a net loss of $114 million, or a loss of $0.57 per diluted diluted share, in the same period a year ago. Income from continuing operations attributable to the company was $57 million, or income of $0.28 per share on a diluted basis compared with a net loss from continuing operations of $106 million, or a loss of $0.53 per diluted share, in the same period a year ago. Results for third-quarter 2014 benefitted from a 29% increase in domestic oil revenue versus a year ago, which was offset by a 2% decrease in domestic natural gas revenue, the impact of approximately $22 million in impairments of domestic exploratory leasehold and well costs, and nearly $14 million in expenses related to an early exit program and the release of a rig to a third party. Adjusted loss from continuing operations was 4 million, or a loss of $0.02 per share on a diluted basis compared with an adjusted loss from continuing operations of $80 million, or a loss of $0.39 per share, for the same period in 2013. Adjusted EBITDAX was $230 million, an increase of 32% compared with $174 million for the same period in 2013. EBITDAX was $367 million against $134 million a year ago. Total product revenues were $501 million against $450 million a year ago. Total revenues were $794 million against $616 million a year ago. Operating income was $114 million against operating loss of $114 million a year ago. Income from continuing operations before income taxes was $89 million against loss from continuing operations before income taxes of $137 million a year ago. Capital expenditures for the third quarter were $597 million. For the nine months, the company reported net loss attributable to the company of $55 million, or a loss of $0.27 per diluted share, compared with a net loss of $212 million, or a loss of $1.06 per diluted share, for the same period in 2013. Loss from continuing operations attributable to the company was $85 million, or a loss of $0.42 per diluted share, compared with a loss of $202 million, or a loss of $1.01 per diluted share, for the same period in 2013. Results for the first nine months of 2014 were impacted by a $196 million before-tax loss associated with the sale of a portion of WPX's working interests in certain Piceance Basin natural gas wells, $62 million in dry-hole cost and impairments of domestic exploratory leasehold and well costs, and $16 million in expenses related to an early exit program and the release of a rig to a third party. Adjusted income from continuing operations of $30 million, or income of $0.14 per share on a diluted basis, compared with an adjusted loss of $173 million, or a loss of $0.86 per share, for the first nine months of 2013. Improved results for the first nine months of 2014 reflect the benefit of a 40% increase in domestic oil revenues, along with higher weighted average gross sales prices for domestic natural gas and natural gas liquids. Adjusted EBITDAX was $797 million, up 41% compared with $564 million for the same period in 2013. EBITDAX was $737 million against $517 million a year ago. Total product revenues were $1,606 million against $1,341 million a year ago. Total revenues were $2,485 million against $1,968 million a year ago. Operating loss was $34 million against $212 million a year ago. Loss from continuing operations before income taxes was $109 million against $276 million a year ago. Net cash provided by operating activities was $779 million against $520 million a year ago. Capital expenditures were $1,325 million against $843 million a year ago. For the quarter, the company reported production of natural gas of 766 MMcf/d against 839 MMcf/d a year ago. Oil was 32.3 Mbbl/d against 22.3 Mbbl/d a year ago. NGLs was 17.5 Mbbl/d against 20.1 Mbbl/d a year ago. Total production was 1,065 MMcfe/d against 1,094 MMcfe/d a year ago.

 

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WPX

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Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.6x
Price/Cash Flow 9.6x
TEV/Sales 0.0x
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