3Q earnings report release date set by WPX Energy

Tulsa-based WPX Energy plans to discuss its third-quarter 2019 financial and operations results during a webcast on Thursday, Oct. 31, 2019, beginning at 10 a.m. Eastern.

Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance.

Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. The slides for the event will be posted on WPX’s website on Wednesday, Oct. 30, 2019, at 4:15 p.m. Eastern.

WPX Energy reported unaudited second-quarter income available to common stockholders of $305 million, or income of $0.72 per share on a diluted basis. This includes a $247 million recorded gain related to WPX’s equity interest in the sale of the Oryx II pipeline project.

Excluding the Oryx gain and other items such as derivatives, WPX posted adjusted net income of $0.09 per share.

Total production in the second quarter averaged 159.6 MBoe/d, which was 28 percent higher vs. a year ago. Oil and natural gas liquids volumes comprised 79 percent of total volumes. Oil sales of $511 million from 97.9 Mbbl/d accounted for 92 percent of second-quarter product revenues.

Cash flow from operations, inclusive of hedge impact, in the first half of 2019 was $634 million, including $362 million in the second quarter. Cash flow for the first half of 2019 was 48 percent higher than the same period a year ago.