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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.

Results for TPLM
Sandman
21 Apr 14 01:18:38
RT @Dvm001Mike: My little small cap watch list $HK, $EBR, $COWN, $KWK, $PDLI, $TPLM
Mike
20 Apr 14 23:27:51
My little small cap watch list $HK, $EBR, $COWN, $KWK, $PDLI, $TPLM
Jackie Highfield
20 Apr 14 22:11:38
$TPLM 2:42 am Triangle Petroleum misses by $0.02, reports revs in-line http://t.co/GA4a5kapzn
00Matt
20 Apr 14 21:10:08
$FXEN $TPLM for day trade shorts if they have big morning moves then lower highs
ENRY
20 Apr 14 20:40:49
My 4/21 watch list from personal scan: $MPO $NEON $REN $RGSE $TPLM $FXEN $CODE $INFN will narrow down to focus when open nears.
Rotsevni
20 Apr 14 20:07:47
Watch List 4/21: $BIOF, $FXEN, $LIVE, $HIL, $TPLM, $BAS
Stocktix
20 Apr 14 18:50:46
Last cup of this great Single Malt Welsh Whisky. $srpt $wb $fxen $axas $vip $biof $pq $tplm. http://t.co/ZrT0YnUekP
Who wants to know?
20 Apr 14 13:05:21
RT @StockSignaling: Range/Volume Advances: $WRES $TRQ $SHLD $HOLI $WU $NEON $CY $TPLM $SPRT $CAR $BDC $ORB $AEM $BWP $SLM http://t.co/3gvJL…
Stock Signaling
20 Apr 14 13:01:15
Range/Volume Advances: $WRES $TRQ $SHLD $HOLI $WU $NEON $CY $TPLM $SPRT $CAR $BDC $ORB $AEM $BWP $SLM http://t.co/3gvJLENZtD #markets #spy
Trade Alerts
20 Apr 14 11:55:07
Watchlist for 21.04.2014 $PPC $REXX $WPX $CODE $REI $TZOO $AFOP $MGI $KERX $ENT $GALT $RMTI $TPLM $BIOF $JCP $UNXL $CYTR
Jackie Highfield
20 Apr 14 02:14:13
$TPLM Basic Material Weekly Gainers: Triangle Petroleum Corporation (NYSEMKT ... http://t.co/rOJdXXv37C
Jahi Faucette
19 Apr 14 19:02:30
RT @SAlphaTrending: Triangle Petroleum's CEO Discusses F4Q14 Results - Earnings Call Transcript http://t.co/SMKW0pACwn $TPLM
JoeDDSpencer
19 Apr 14 18:48:34
$TPLM Small Cap Gainers: Retrophin (RTRX), Triangle Petroleum (TPLM), Warren ... http://t.co/CC7tuvHAfh
JoeDDSpencer
19 Apr 14 12:21:03
$TPLM Basic Material Weekly Gainers: Triangle Petroleum Corporation (NYSEMKT ... http://t.co/Gb5xDnnicp
browns
19 Apr 14 08:39:11
$TPLM just read the earnings CC... real nice.. Best Q's yet to come. Major cost reductions teamed with streamlined drilling techniques.
Julie
18 Apr 14 19:29:06
RT @OptionsHawk: $TPLM big week, from Monday morning http://t.co/ga9hUIasGT
Stock_Tracker
18 Apr 14 16:40:07
Triangle Petroleum Corp (TPLM) 9.83 $TPLM Why Sears Holdings, Triangle Petroleum, and SanDisk Are Today's 3 Be http://t.co/MkDQoOPgRS
12Stocks.com
18 Apr 14 15:26:57
Weekly SmallCap #Stocks Trend $ARI $FXEN $GMO $TPLM $JAKK $IIIN $MPO $RGEN $WBMD $CWEI $MRTN $GLOG more@ http://t.co/jIGfl7ofoU
12Stocks.com
18 Apr 14 15:06:51
SmallCap #Stocks Trend $IIIN $FXEN $SPRT $NNI $TPLM $PLXS $WRES $MPO $AF $SYNA $CODE $REN $FXCM $GMO more@ http://t.co/jIGfl7ofoU
12Stocks.com
18 Apr 14 15:06:50
Smallcap #Stocks Performance $IIIN $FXEN $SPRT $NNI $TPLM $PTX $NEON $POWR $PLXS $WRES $MPO $ACTG $INSM more@ http://t.co/jIGfl7ofoU
VisualStock Resource
18 Apr 14 14:31:07
$TPLM - Initial Statement of Beneficial Ownership (3) http://t.co/6yWBlqQjur
Stock Signaling
18 Apr 14 13:01:14
Range/Volume Advances: $WRES $TRQ $SHLD $HOLI $WU $NEON $CY $TPLM $SPRT $CAR $BDC $ORB $AEM $BWP $SLM http://t.co/3gvJLENZtD #stocks #trader
Stocks to Buy
18 Apr 14 10:44:34
Thursday's Biggest Stock Gainers - $DPW $SGOC $BIOF $LIVE $WB $RUSL $RTRX $IIIN $SHLD $FXEN $GALT $ETAK $GEVO $UGAZ $SPRT $NNI $SNDK $TPLM
12Stocks.com
18 Apr 14 08:51:19
SmallCap #Stocks Trend $IIIN $FXEN $SPRT $NNI $TPLM $PLXS $WRES $MPO $AF $SYNA $CODE $REN $FXCM $GMO more@ http://t.co/jIGfl7ofoU
Don Futura
18 Apr 14 07:22:17
@InvestorsLive Sorry I meant Platinum. My $TPLM 9.83 pick is looking good. Target 11.00 within reach.
Derald Muniz
18 Apr 14 07:21:03
now this is a stock that wanted to run, wow. $TPLM http://t.co/fzMmno7vyN
JoeDDSpencer
18 Apr 14 03:18:33
$TPLM Triangle Petroleum's CEO Discusses F4Q 2014 Results - Earnings Call Transcript http://t.co/3SU0unTI3l
12Stocks.com
18 Apr 14 03:01:40
Weekly SmallCap #Stocks Trend $ARI $FXEN $GMO $TPLM $JAKK $IIIN $MPO $RGEN $WBMD $CWEI $MRTN $GLOG more@ http://t.co/jIGfl7ofoU
gordon gekko is god
17 Apr 14 19:49:01
After hours Gainers / Losers http://t.co/GQkgMbasha $AMD, $MACK, $M, $FRAN, $PBCT, $TPLM, $KNL, $MPO, $ACTG, $PVTB
chartguy89
17 Apr 14 19:18:36
TPLM 9.83 Stock Charts $TPLM Triangle Petroleum Corp. (NYSE MKT) TPLM Stock Chart - 1 Month http://bigcharts.m http://t.co/KsqNA7WxRh
browns
17 Apr 14 17:58:16
$TPLM worth DD.
Split Rock Trading
17 Apr 14 16:54:17
RT @LEGMAKERS: After hours Gainers / Losers http://t.co/eTPdmdZ7Oi $AMD, $MACK, $M, $FRAN, $PBCT, $TPLM, $KNL, $MPO, $ACTG, $PVTB
Split Rock Trading
17 Apr 14 16:54:04
RT @LEGMAKERS: Triangle Petroleum +10% on FQ4 revenue jump, strong FY 2014 output http://t.co/3PFglAhBNH $TPLM
12Stocks.com
17 Apr 14 16:01:41
SmallCap #Stocks Trend $IIIN $FXEN $SPRT $NNI $TPLM $PLXS $WRES $MPO $AF $SYNA $CODE $REN $FXCM $GMO more@ http://t.co/jIGfl7ofoU
12Stocks.com
17 Apr 14 16:01:41
Smallcap #Stocks Performance $IIIN $FXEN $SPRT $NNI $TPLM $PTX $NEON $POWR $PLXS $WRES $MPO $ACTG $INSM more@ http://t.co/jIGfl7ofoU
jgerrit
17 Apr 14 15:31:39
Great work by the stream on $tplm; lots more to come from this one.
Don Futura
17 Apr 14 15:24:59
@modern_rock $TPLM+10%, Another + the current short interest as a percentage of the float for TPLM is pretty high at 13.8%.
Don Futura
17 Apr 14 15:23:16
@timothysykes $TPLM+10%, Another + The current short interest as a percentage of the float for TPLM is pretty high at 13.8%.
Don Futura
17 Apr 14 15:22:04
@ClayTrader25 $TPLM+10%, Another + The current short interest as a percentage of the float for TPLM is pretty high at 13.8%.
Don Futura
17 Apr 14 15:20:44
@modern_rock $TPLM +10%, Another + The current short interest as a percentage of the float for TPLM is pretty high at 13.8%.
Don Futura
17 Apr 14 15:03:53
@ClayTrader25 I slammed $TPLM+10% for a nice Swing.
MICHAEL FILLOON
17 Apr 14 14:50:42
After hours Gainers / Losers http://t.co/QHamGBuBr4 $AMD, $MACK, $M, $FRAN, $PBCT, $TPLM, $KNL, $MPO, $ACTG, $PVTB
MICHAEL FILLOON
17 Apr 14 14:50:00
After hours Gainers / Losers http://t.co/eTPdmdZ7Oi $AMD, $MACK, $M, $FRAN, $PBCT, $TPLM, $KNL, $MPO, $ACTG, $PVTB
Seeking Alpha
17 Apr 14 14:30:04
Triangle Petroleum's CEO Discusses F4Q14 Results - Earnings Call Transcript http://t.co/SMKW0pACwn $TPLM
Ian Mausner
17 Apr 14 14:15:09
Triangle Petroleum's CEO Discusses F4Q14 Results - Earnings Call Transcript $TPLM http://t.co/PiWxol2ZaZ
Toad
17 Apr 14 14:00:44
RT @MarketCurrents: Triangle Petroleum +10% on FQ4 revenue jump, strong FY 2014 output http://t.co/LLuwkvj7v1 $TPLM
Don Futura
17 Apr 14 13:57:42
@Redroadmaster $TPLM +10% Better to Teach a Man how to fish.
Don Futura
17 Apr 14 13:54:05
@crawfish_poboy $TPLM +10% Better to Teach a Man how to fish.
Don Futura
17 Apr 14 13:53:04
@ClayTrader25 $TPLM +10% Better to Teach a Man how to fish.
Don Futura
17 Apr 14 13:49:51
@InvestorsLive $TPLM +10% Better to Teach a Man how to fish.
				
				
By  +Follow December 10, 2013 10:57AM
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