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Triangle Petroleum (TPLM) Drops Earnings Miss, Despite Better Revenue & Production

By  +Follow December 10, 2013 10:57AM
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Independent upstream oil & gas firm Triangle Petroleum (TPLM) was trading nearly 6 percent lower on Tuesday after the release of its earnings statement for the period ended Oct. 31.

For the third quarter of 2013, Triangle reported earnings, excluding one-time items, of $0.18 per share, on revenue of $88.6 million. While this represented a massive year-over-year increase, with revenue up over 300 percent and earnings well ahead of Q3 2012’s loss of $0.05 per share, the results lagged EPS estimates of $0.24 per share. Revenue, however, handily beat the consensus estimate of $72 million.

Triangle petroleum managed to up production substantially from the prior-year, with volume up nearly 400 percent to 626,000 barrels of oil equivalent per day. Revenue from exploration and production were at $55.5 million, an increase of over 430 percent on the year-ago period, while operating income was $40.5 million, an increase of nearly two-thirds.

Much of the gains have been credited to the company’s RockPile Energy Services unit, with a 64 percent increase on the prior year’s revenue at $66 million, while revenues from its midstream unit, Caliber Midstream, were up 8 percent to $4 million.

Despite the very large revenue increases, the Triangle’s earnings took a hit from the operating costs necessary to increase production. Expenses for the period tallied at $71.5 million, for a year-over-year increase of some 225 percent.

As for guidance, the company expects output to continue increasing in 2014, from 7,000-8,000 barrels of oil equivalent per day to 7,500-8,500 per day. Investors sold off all the same, however, sending shares of the company down over 7 percent to $9.89.

Still, shareholders probably have little to worry about. Triangle is well-placed in some of the best shale acreage in the country, particularly in the Bakken Shale in North Dakota. The stock has advanced nearly 80 percent throughout 2013, and despite the increase in operational costs, the company’s operating margin rests at a healthy 10.70 percent.

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Results for TPLM
WKRB News
18 Apr 15 05:59:33
Insider Selling: Triangle Petroleum Director Sells $120,000.00 in Stock $TPLM http://t.co/6tvmiBfu6q
Sleek Money
18 Apr 15 04:20:37
Triangle Petroleum Price Target Raised to $7.00 $TPLM http://t.co/5yqtKPKGyp
Sleek Money
18 Apr 15 04:20:37
Triangle Petroleum Downgraded by Robert W. Baird $TPLM http://t.co/f75AmQJ6sL
ProTradersNews
18 Apr 15 04:15:18
$TPLM: Triangle Petroleum Downgraded by Robert W. Baird (TPLM): http://t.co/Bnpj78ZKCo
iHangout
17 Apr 15 22:32:39
danrocks: $TPLM Triangle Petroleum Corp.: TPLM Stock is number 250 for the largest http://t.co/LyGPcfuYGk
danrocks
17 Apr 15 22:31:43
Right now TPLM is number 250 for the largest percentage gain out of 250 stocks. $TPLM TPLM is up +7.45% in the http://t.co/mqQ05Dt0Zg
danrocks
17 Apr 15 22:31:21
$TPLM TPLM Stock is number 250 for the largest percentage gain out of 250 stocks. $TPLM TPLM is up +7.45% in the las http://t.co/SV2X2veSM3
Trending Articles SA
17 Apr 15 15:00:03
Triangle Petroleum's (TPLM) CEO Jon Samuels on Q4 2015 Results - Earnings Call Transcript http://t.co/K46pB88mJ7 $TPLM
Capital Market Labs
17 Apr 15 13:03:56
$TPLM Assets are Rising. Here's the Chart: http://t.co/S3H4Qpj1lc http://t.co/NQIJGMKuGT
StockNewsWires
17 Apr 15 08:01:03
$TPLM: Insider Selling: Peter J. Hill Sells 20000 Shares of Triangle ...: http://t.co/UgcE3utvSo
Clair Voight
17 Apr 15 07:02:25
$TPLM Triangle Petroleum: A Value Investor's Dream http://t.co/HPdOnXG11C
The Legacy News
17 Apr 15 06:28:13
Insider Selling: Peter J. Hill Sells 20,000 Shares of Triangle Petroleum Stock $TPLM http://t.co/dhDtZ78fQV
Breaking News
17 Apr 15 04:44:03
$TPLM: Triangle Petroleum PT Raised to $7.00 (TPLM): http://t.co/Ze5lX8JpSD
WKRB News
17 Apr 15 04:43:44
Triangle Petroleum Stock Rating Lowered by Robert W. Baird $TPLM http://t.co/u6HBNjMdYu
Stocks News&Markets
17 Apr 15 01:57:50
$TPLM - Triangle Petroleum Price Target Raised to $7.00 at Canaccord Genuity (TPLM) http://t.co/cBtYtVr3Ns
NASDAQ
17 Apr 15 01:52:22
$TPLM - Triangle Petroleum Price Target Raised to $7.00 at Canaccord Genuity (TPLM) http://t.co/hEmtL7ejiu
Breaking News Now
16 Apr 15 21:15:14
$TPLM: Triangle Petroleum Director Peter J. Hill Sells 20000 Shares (TPLM): http://t.co/a74VJuCwmI
Dakota Financial
16 Apr 15 20:23:17
Insider Selling: Triangle Petroleum Director Sells 20,000 Shares of Stock $TPLM http://t.co/WtbKfdzHiC
US Banking News
16 Apr 15 20:17:22
Insider Selling: Triangle Petroleum Director Sells 20,000 Shares of Stock $TPLM http://t.co/4MaKb0Ey3Q
Ticker Report
16 Apr 15 19:56:23
Insider Selling: Triangle Petroleum Director Sells 20,000 Shares of Stock $TPLM http://t.co/ExKtDYLH0e
ProTradersNews
16 Apr 15 19:55:02
$TPLM: Insider Selling: Triangle Petroleum Director Sells 20000 Shares of ...: http://t.co/h66D3HCuHZ
ProVesting
16 Apr 15 14:54:16
$TPLM: New Insider Transaction on TPLM by Director: http://t.co/Cfsqe9Udhp
Insider Alerts
16 Apr 15 14:53:22
NEW insider transaction on $TPLM reported a moment ago: http://t.co/Xj1M7BQdfi
Stocks News&Markets
16 Apr 15 14:52:02
$TPLM - Statement of Changes in Beneficial Ownership (4) http://t.co/wXrIeCaIz7
NASDAQ
16 Apr 15 14:52:01
$TPLM - Statement of Changes in Beneficial Ownership (4) http://t.co/jQX4HVAXda
Insider Filings
16 Apr 15 14:50:44
$TPLM: HILL PETER J sold a net $120,000 in Triangle Petroleum Corp. http://t.co/NxQGVq3ApP
Stocks News&Markets
16 Apr 15 14:07:12
$TPLM - Current Report Filing (8-k) http://t.co/VjZtOPgHeW
NASDAQ
16 Apr 15 14:07:10
$TPLM - Current Report Filing (8-k) http://t.co/YHKqunpNnO
ProVesting
16 Apr 15 14:06:00
$TPLM: New SEC Filing for TPLM: Form 8-K (No. 0001558370-15-000498): http://t.co/8JUIgLiXgq
SEC Filings
16 Apr 15 14:04:29
NEW SEC Filing for $TPLM filed a moment ago: http://t.co/H3KZmIMcV9 http://t.co/oBbC6aXCIN
Jeffrey Blake
16 Apr 15 13:33:29
$TPLM Triangle Petroleum: A Value Investor's Dream http://t.co/jMD2HCbfrj
Tom Weber
16 Apr 15 13:09:14
Created with Skitch - http://t.co/Fvonb2kOnk $AMCN, $ADRO, $ADXS, $TPLM, $MNOV, nice day..love DAS platform http://t.co/WbAa9TtVjN
John Ablemann
16 Apr 15 11:06:19
$TPLM Triangle Petroleum: A Value Investor's Dream http://t.co/Tz5WfTWEZb
Nathan Michaud
16 Apr 15 10:36:07
$TPLM yes sir
Lucretia
16 Apr 15 10:05:03
$TPLM Triangle Petroleum Corporation (TPLM) Stock Rated Outperform By Baird http://t.co/QmBrgOgG88
FlashRatingsHOT
16 Apr 15 09:40:46
$TPLM has 4 analyst ratings in the last 7 days. Median target: $5. View here: https://t.co/QbEcqmfi0c #TPLM
Monkey&Football Cap
16 Apr 15 09:40:28
I am buying $TPLM. I expect a pullback (and will buy more) but I like management and I think they see writing on the wall.
Makarony_Trader
16 Apr 15 09:13:04
$TPLM nice red2green
Electric Hulk
16 Apr 15 08:59:26
@InvestorsLive that is a nice chart. Thanks for the tip. @InvestorsLive $TPLM
Nathan Michaud
16 Apr 15 08:51:50
$TPLM love the daily chart
Samuel Brown
16 Apr 15 08:35:26
$TPLM Triangle Petroleum Corporation (TPLM) Stock Rated Outperform By Baird http://t.co/2syOedDeIN
ProTradersNews
16 Apr 15 07:59:05
$TPLM: Triangle Petroleum Price Target Raised to $7.00 at Canaccord ...: http://t.co/b7siX2rgd8
The Legacy News
16 Apr 15 07:57:22
Triangle Petroleum Downgraded to Neutral at Robert W. Baird $TPLM http://t.co/P4qJp3ayEg
SmallCap Outreach
16 Apr 15 07:09:51
TRENDING $NGCG $JPM $WFC $BLDR $JNJ $Z $JCP $NOK $NFLX $NSC $GDX $PBR $FAST $CSX $ABX $GWPH $DVA $ARWR $TPLM $JNUG http://t.co/T9lMJu5SvY
NYCTrader7246
16 Apr 15 07:04:50
@dc_trader1 $TPLM potential breakout today
MICHAEL FILLOON
15 Apr 15 22:32:08
$TPLM downgraded by Robert W. Baird to neutral. $5 PT. http://t.co/8Uic3wuZi6 #TPLM via @RatingsNetwork http://t.co/wQxRXd7fof #oil #energy
MICHAEL FILLOON
15 Apr 15 22:31:31
$TPLM PT raised by Canaccord to $7.00. buy rating. http://t.co/xOyyJcMUOK #TPLM via @RatingsNetwork http://t.co/wQxRXd7fof #oil #energy
KbestTrading
15 Apr 15 19:59:41
Add a message to your video (Watchlist on stocks $TPLM $AREX $VLTC review of $ALU & $PES) https://t.co/ojUoJwVeay
KbestTrading
15 Apr 15 19:40:24
$TPLM piercing line on the daily chart, testing resistance on the triangle on the last 2 sessions,boncing STO & MACD https://t.co/HhAGs1vK7Y
KbestTrading
15 Apr 15 19:40:20
$TPLM piercing line on the daily chart, testing resistance on the triangle on the last 2 sessions,boncing STO & MACD https://t.co/JxbcNV0hN9
				
				
By  +Follow December 10, 2013 10:57AM
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