From Denver to Houston, energy firms reported strong finances in the second quarter.
Increased revenue for the second quarter 2021 was announced by Denver-based Whiting Petroleum.
Revenue for the second quarter of 2021 increased $44 million to $352 million when compared to the first quarter of 2021, primarily due to increased commodity prices between periods.
Its net loss for the quarter was $62 million or $1.57 per diluted share. Whiting’s adjusted net income was $118 million or $3.01 a diluted share.
Houston’s Nine Energy Service, Inc. had second quarter revenues of $84.8 million and a net loss of $24.5 million or 81 cents a share after a $2. million write-down of tools inventory.
The company had provided original second quarter 2021 revenue guidance between $78.0 and $86.0 million, with actual results exceeding the midpoint of second quarter 2021 revenue guidance and representing a sequential revenue increase of approximately 27% quarter over quarter.
CenterPoint Energy had second quarter income of $221million or 37 cents per diluted share, up from the $59 million and 11 cents a share income reported in the second quarter 2020.
“CenterPoint’s six-month financial performance in 2021 has been strong,” said Dave Lesar, President and Chief Executive Officer of CenterPoint Energy. “We are raising our 2021 Utility EPS guidance range to $1.25-$1.27 per diluted share. This projected 8% growth in 2021 Utility EPS would put us at the high-end of our 6 to 8% Utility EPS annual growth target.”
