Edition:
United Kingdom

Energen Corp (EGN.N)

EGN.N on New York Stock Exchange

57.81USD
17 Jan 2018
Change (% chg)

$0.53 (+0.93%)
Prev Close
$57.28
Open
$57.55
Day's High
$58.44
Day's Low
$57.07
Volume
124,302
Avg. Vol
227,747
52-wk High
$60.07
52-wk Low
$46.17

Latest Key Developments (Source: Significant Developments)

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
Tuesday, 31 Oct 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
Monday, 8 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
Monday, 27 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
Thursday, 26 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

Energen Launches Common Stock Offering
Wednesday, 17 Feb 2016 

Energen Corporation:Says launch of an underwritten public offering of 12,000,000 shares of its common stock, subject to market and other conditions.The underwriter will have a 30-day option to purchase up to 1,800,000 additional shares of common stock from Energen.Energen intends to use the net proceeds from the offering to repay borrowings under its credit facility, to fund drilling and development activities, and/or for other general corporate purposes.Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering.  Full Article

BRIEF-Energen enters amendment to credit agreement

* Says effective Nov 9, co entered seventh amendment to credit agreement and first amendment to pledge and security agreements‍​