logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


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

By  +Follow December 10, 2013 10:57AM
Share:
Tickers Mentioned:

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for TPLM
Breaking News
28 Mar 15 04:35:02
$TPLM: Triangle Petroleum Research Coverage Started at Macquarie (TPLM): http://t.co/ABwW1wJxyj
The Legacy News
28 Mar 15 04:27:19
Triangle Petroleum Research Coverage Started at Macquarie $TPLM http://t.co/Lvsd73Dntj
Clark Joseph Kent
27 Mar 15 22:57:00
% Losers $OHRP $APDN $MOLG $EXXI $GNI $GGB $LIME $REED $OVAS $MHR $FF $HCHC $BTU $TPLM $REXX $JMI $PES $VLCCF $LOXO http://t.co/NxujmMQvG1
Peter Bardens
27 Mar 15 13:01:22
$TPLM Triangle Petroleum: A Value Investor's Dream http://t.co/RAJkDOLVGI
Greg David
27 Mar 15 12:00:17
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $CYS $VCSY $TPLM $CVEO
UnionSquare Research
27 Mar 15 11:35:08
@harfangcap $TPLM probably in for a very tough next three quarters with minimal oil hedges and big Bakken differentials...
Mark Trader
27 Mar 15 10:38:57
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
Capital Market Labs
27 Mar 15 09:22:42
$TPLM Assets are Rising. Chart: http://t.co/niwJGNpzjY
12Stocks.com
27 Mar 15 08:55:28
SmallCap #Stocks Trend $SBCF $MLNK $VLGEA $CASS $AMSF $FIX $MG $CPS $TTEC $MYRG $REI $TPLM $HPTX $SPTN more@ http://t.co/Giravo3fg9
The Legacy News
27 Mar 15 08:11:36
Brokerages Set Triangle Petroleum Target Price at $8.80 $TPLM http://t.co/FXJyzozViA
Sleek Money
27 Mar 15 05:35:09
Triangle Petroleum Now Covered by Macquarie $TPLM http://t.co/AFFbVpMUtH
Breaking News Now
27 Mar 15 05:26:03
$TPLM: Triangle Petroleum Now Covered by Macquarie (TPLM): http://t.co/eNpVaXZuZg
12Stocks.com
27 Mar 15 03:04:31
Weekly SmallCap #Stocks Trend $RALY $CPE $STMP $NOG $SLCA $TPLM $REI $AREX $CLNE $CRZO $FANG $MYRG more@ http://t.co/Giravo3fg9
Trade Under Ten
26 Mar 15 17:10:30
Chart Updates 27 Mar: $ANAD $BGMD $CAK $NETE $TPLM $VTNR #stocks #charts #trading http://t.co/LcfxzUBd3Q
WallStreetConsensus
26 Mar 15 16:50:32
Initiations 3/26: $ARGS, $RDHL, $MOBL, $OPK, $TPLM, $TXTR, $JMBA, $MTDR, $MCO, $ALLY, $TWTR, $SYKE, $FANG, $THC, $SUN http://t.co/CXoiFX9ZG5
equities.com
26 Mar 15 16:12:08
Top Basic Materials Small-Cap Star for March 26 is Gevo Inc. (GEVO) $MILL $TPLM $DTRX $WG $GEVO http://t.co/PzuvDMqUXZ
12Stocks.com
26 Mar 15 16:04:28
SmallCap #Stocks Trend $NOG $CPS $TPLM $CRZO $CPE $FIX $CLNE $SBCF $REI $MG $FANG $MTDR $CASS $VLGEA more@ http://t.co/Giravo3fg9
Thomas Collins
26 Mar 15 15:04:47
$TPLM Triangle Petroleum Corporation Short Interest Disclosure http://t.co/c6JSK0VkSD
Peter Bardens
26 Mar 15 15:04:44
$TPLM Triangle Petroleum: A Value Investor's Dream http://t.co/Vg6zQkTwYQ
Nick D
26 Mar 15 14:07:44
this week turned profit on $HILL, $LRE and $PZG...lost on $CBK (earnings report) and even on $CSG...now holding $GDP, $BXE, $TPLM and $MXWL
12Stocks.com
26 Mar 15 13:02:20
SmallCap #Stocks Trend $TPLM $FANG $TTEC $MYRG $SCVL $EEFT $SLCA $AMSF $RALY $ALOG $TUMI $ALCO $EXH more@ http://t.co/Giravo3fg9
Quality OTC
26 Mar 15 12:16:55
What’s next for $TPLM? Find out what developments QualityOTC is following! Enter Promo Code TPLM @ http://t.co/q8tIqKXypS for the Free eBook
Greg David
26 Mar 15 09:41:43
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $CYS $VCSY $TPLM $CVEO
MICHAEL FILLOON
26 Mar 15 09:05:13
TPLM by Macquarie at neutral $7PT http://t.co/Yx5jKQL2oB $TPLM #TPLM via @RatingsNetwork http://t.co/wQxRXd7fof #oil #bakken #pipelines
12Stocks.com
26 Mar 15 08:54:31
SmallCap #Stocks Trend $FANG $PKD $TPLM $SLCA $SCVL $AMSF $EEFT $MYRG $ALOG $ALCO $TTEC $STMP $TUMI more@ http://t.co/Giravo3fg9
Breaking News
26 Mar 15 08:40:05
$TPLM: Triangle Petroleum Now Covered by Analysts at Macquarie (TPLM): http://t.co/bXY8enzyog
Mark Trader
26 Mar 15 07:50:48
The last http://t.co/8hGh2pgc5i alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
stocktargetprices
26 Mar 15 07:40:36
$TPLM Macquarie initiates with a netural rating and target of $7.
Mark Trader
26 Mar 15 05:40:17
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
Trade Under Ten
26 Mar 15 05:31:34
Morning Watchlist: \$AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/GKZfs5HQA5...
dailystockplays.com
26 Mar 15 05:25:00
Analyst Initiate Neutral or Hold http://t.co/Af41c9NoG9 $EGN $MHFI $MMI $NFLX $SCCO $SDVKY $TPLM $USPH
US Banking News
26 Mar 15 04:58:56
Triangle Petroleum Coverage Initiated at Macquarie $TPLM http://t.co/mLR1L0mj3V
ProVesting
26 Mar 15 04:45:05
$TPLM: Triangle Petroleum Receives New Coverage from Analysts at ...: http://t.co/sqaTqJxANL
US Consumer News
26 Mar 15 04:30:48
Triangle Petroleum initiated by Macquarie at neutral. http://t.co/OK1oZssjE1 $TPLM #TPLM
Analyst Ratings
26 Mar 15 04:30:38
Triangle Petroleum initiated by Macquarie at neutral. http://t.co/l08nfyhSnp $TPLM #TPLM
Capital Market Labs
26 Mar 15 04:20:23
$TPLM Revenue is Growing. Chart: http://t.co/ksCzYfTAnj
Capital Market Labs
26 Mar 15 02:26:21
$TPLM Assets are Rising. Chart: http://t.co/niwJGNpzjY
Breaking News
25 Mar 15 23:03:03
$TPLM: Triangle Petroleum Sees Significant Drop in Short Interest (TPLM): http://t.co/5LY61JxWQH
ProPage
25 Mar 15 21:30:25
RT @bangersnpip: $TPLM. Find them all here —> http://t.co/aDlKqi2Poo http://t.co/JGzpp431VY
kim
25 Mar 15 20:45:54
RT @bangersnpip: $TPLM. Find them all here —> http://t.co/aDlKqi2Poo http://t.co/JGzpp431VY
chartseer
25 Mar 15 19:26:48
RT @bangersnpip: $TPLM. Find them all here —> http://t.co/aDlKqi2Poo http://t.co/JGzpp431VY
Sandman
25 Mar 15 19:23:13
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
dailystockplays.com
25 Mar 15 18:58:20
Williams Over -20 http://t.co/FLDSN9ZI7x $PBR $NBR $PWE $CCE $PVH $PGH $IAU $TTI $ERX $GTE $SJM $CRZO $TPLM $FXE $HAWK $BWC $BSAC $GLOG
Alpha Maven
25 Mar 15 17:47:13
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
Time=Best Stock
25 Mar 15 17:46:35
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
kenr0966
25 Mar 15 17:45:31
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
Scott
25 Mar 15 17:41:47
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
vaheelfan
25 Mar 15 17:40:58
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
Trade Under Ten
25 Mar 15 17:37:20
$TPLM. Find them all here —> http://t.co/aDlKqi2Poo http://t.co/JGzpp431VY
Dan
25 Mar 15 17:33:31
RT @bangersnpip: Stock Watchlist 26 March: $AREX $CAK $RAD $TPLM $ANAD $NETE $URZ $WTI #stocks #trading #charts http://t.co/o1P2ZQStoS
				
				
By  +Follow December 10, 2013 10:57AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.