Company report

Newfield Exploration corporate - reported results analysis

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Report summary

Newfield's stock fell nearly 9% in opening trading despite the reveal of an impressive three-year plan and returns-based changes to its executive compensation programme. We posit the catalyst was a lack of a shareholder distribution programme; earnings and production both beat consensus estimates. Newfield's share price somewhat recovered by mid-day, but the extent of drop was somewhat confounding: we view the company's 2018 guided cash flow outspend of US$100 million modest. The target for cash flow neutrality by the end of the year strikes us as positive, and is in line with our models.

What's included

This report contains

  • Document

    Newfield Exploration corporate - reported results analysis

    PDF 408.25 KB

Table of contents

  • Other Newfield research
    • Key takeaways
    • Overview
    • Key takeaways
    • Key takeaways
    • Overview
    • Key takeaways
    • Overview
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Operational performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration

Tables and charts

This report includes 2 images and tables including:

Images

  • Newfield: evolution of quarterly net income
  • Newfield: evolution of quarterly production

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