Quarterly Earnings Results and New Pipeline in Service - Research Reports on Newmont, Phillips 66, Kinder Morgan, Noble Energy and SHW
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NEW YORK, November 5, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Newmont Mining Corporation (NYSE: NEM), Phillips 66 (NYSE: PSX), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Noble Energy, Inc. (NYSE: NBL) and The Sherwin-Williams Company (NYSE: SHW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7706-100free.
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Newmont Mining Corporation Research Reports
On October 30, 2014, Newmont Mining Corporation (Newmont) announced Q3 2014 results. For Q3 2014, the net adjusted income for the quarter was $249 million, up 14.7% YoY. According to Thomson Reuters I/B/E/S, the quarterly net adjusted income of $0.50 per basic share was higher than the analysts' expectations of $0.16 per basic share. The sales during the quarter were $1.7 billion, down 13.6% YoY. Gary Goldberg, President and CEO, said, "I am pleased to report that construction is underway at our new Merian mine in Suriname. We have also achieved a safe and efficient start-up in Indonesia, where the mine and mill are operating at full capacity and exports have resumed." For the year 2014, the Company expects total attributable gold production of 4.7 to 5.0 million ounces at a lower AISC of $1,020 to $1,080 per ounce and 80,000 to 90,000 tonnes of copper production of at AISC of $3.50 to $3.80 per pound. The full research reports on Newmont are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/NEM/report.pdf
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Phillips 66 Research Reports
On October 29, 2014, Phillips 66 reported its Q3 2014 financial results. The Company posted adjusted EPS of $2.02, above the consensus estimate of $1.69 per share. The earnings of Phillips 66 were $1.2 billion, up 36.7% QoQ. "Our operations ran well during the third quarter, capturing strong margins in our refining and marketing businesses," said Greg Garland, Chairman and CEO of Phillips 66. On a segment wise basis, the refining segment recorded earnings of $558.0 million, up 43.1% QoQ, due to improved realized refining margins which were driven by higher clean product realizations and lower crude oil prices. The marketing and specialty division earnings were $368.0 million, up 127.2% QoQ. The chemicals segment reflects Phillips 66's equity investment in Chevron Phillips Chemical Company LLC. The segment earnings came in at $230 million, down 29.0% QoQ, and adjusted earnings were $299 million. The full research reports on Phillips 66 are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/PSX/report.pdf
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Kinder Morgan Energy Partners, L.P. Research Reports
On October 31, 2014, Kinder Morgan Energy Partners, L.P. (Kinder Morgan) announced that its fully subscribed Sierrita Pipeline commenced operations. As per the Company, the pipeline supplies c. 200 million cubic feet per day of firm transportation capacity and extends from El Paso Natural Gas' existing south mainlines near Tucson, Arizona, to the U.S.-Mexico border near Sasabe, Arizona. The Company adds that c. 60-mile, 36-inch diameter pipeline communicates via a new international border crossing with a new natural gas pipeline in Mexico. The full research reports on Kinder Morgan are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/KMP/report.pdf
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Noble Energy, Inc. Research Reports
On October 28, 2014, Noble Energy, Inc. (Noble Energy) announced Q3 2014 financial and operating results. The Company reported total revenues of $1.3 billion, down 9.0% YoY, and the net income for the quarter came in at $419 million, up 104.4% YoY, with diluted EPS of $1.12. The reported top line missed the Consensus Estimate by 1.8%. The adjusted EPS reported by the Company was $0.28, missing the consensus estimate by 22.2%. The total sales volume for the quarter was 302 million barrels per day (Mbbl/d) as compared to 294 Mbbl/d in Q3 2013. In terms of segment, Crude oil and condensate contributed 66.9% to the total revenues with $849 million of reported revenue, down 16.5% YoY. The full research reports on Noble Energy are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/NBL/report.pdf
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The Sherwin-Williams Company Research Reports
On October 28, 2014, The Sherwin-Williams Company (SHW) announced its Q3 2014 financial results. Net sales for the quarter came in at $3.2 billion, up 10.6% YoY, driven by the Company's higher paint sales volume in Paint Stores Group and acquisitions, as the acquisitions effected an increase in net sales by 3.3%. Paint Stores Group Net External Sales for Q3 2014 were $2.0 billion, up 15.0% YoY, and the profit was $431.8 million, up 20.2% YoY, due to higher architectural paint sales volume across all end market segments. For Q4 2014, the Company expects 6% to 8% increase in its net sales as compared to Q3 2013 and diluted EPS to be $1.30 to $1.40. The full research reports on SHW are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/SHW/report.pdf
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