Starting with the financials. The adjusted net income for the quarter was $314 million or $1.75 per share diluted, that's an increase of 31% compared to the first quarter of last year. Our only adjustment was for unrealized commodity derivative losses due to strong oil prices.GAAP net income was $263 million or $1.47 per share diluted. Quarterly revenues were almost $1.2 billion, a 30% increase over the first quarter of last year. Crude oil and liquids represented nearly half of our sales volumes and combined with strong prices accounted for over 80% of our revenue for the first quarter.
Noble Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.