9 Aug 2016quarterly activities report● Neutral
ENERGEN CORP reported a quarterly net income of $53.3 million for the period ended 2016-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Aug 2016quarterly activities report● Neutral
ENERGEN CORP reported a quarterly net income of $53.3 million for the period ended 2016-09-30.
1 Aug 2016director interest notice● Neutral
ENERGEN CORP director Jay Grinney acquired 119 shares at $47.38 under a company stock plan.
1 Aug 2016director interest notice● Neutral
ENERGEN CORP director Kenneth W. Dewey acquired 140 shares at $47.38 under a company stock plan.
20 July 2016asset acquisition disposition● NeutralMajor
Between June 3 and July 15, 2016, Energen sold non-core Delaware Basin (Texas) and San Juan Basin (New Mexico) assets for an aggregate $372 million, to buyers including Centennial Resource Production, EXL Petroleum Management, Felix Energy Holdings II and Logos Resources II. Pre-tax proceeds were about $361 million after about $10.7 million of adjustments, before about $3 million of costs, and were used to fund ongoing operations. A further Delaware Basin sale was signed and expected to close in the third quarter of 2016. Pro forma statements are attached.
1 July 2016director interest notice● Neutral
ENERGEN CORP director Jay Grinney acquired 148 shares at $48.21 under a company stock plan.
1 July 2016director interest notice● Neutral
ENERGEN CORP Chairman and CEO J T Mcmanus disposed of 18,000 shares.
1 July 2016director interest notice● Neutral
ENERGEN CORP director Kenneth W. Dewey acquired 169 shares at $48.21 under a company stock plan.
27 June 2016director interest notice● Neutral
ENERGEN CORP director Magnus James Gorrie bought 1,000 shares on the open market at $47.26.
24 June 2016director interest notice● Neutral
ENERGEN CORP director Magnus James Gorrie bought 1,000 shares on the open market at $47.26.
23 June 2016director interest notice● Neutral
ENERGEN CORP director Alan A Kleier bought 500 shares on the open market at $48.60.
1 June 2016director interest notice● Neutral
ENERGEN CORP director Kenneth W. Dewey acquired 171 shares at $47.62 under a company stock plan.
1 June 2016director interest notice● Neutral
ENERGEN CORP director Jay Grinney acquired 150 shares at $47.62 under a company stock plan.
9 May 2016quarterly activities report● Neutral
ENERGEN CORP reported a quarterly net income of $36.8 million for the period ended 2016-06-30.
6 May 2016quarterly activities report● Neutral
ENERGEN CORP reported a quarterly net income of $36.8 million for the period ended 2016-06-30.
2 May 2016director interest notice● Neutral
ENERGEN CORP director Kenneth W. Dewey acquired 156 shares at $42.49 under a company stock plan.
2 May 2016director interest notice● Neutral
ENERGEN CORP director Jay Grinney acquired 132 shares at $42.49 under a company stock plan.
2 May 2016director interest notice● Neutral
ENERGEN CORP VP and Controller Russell E. Lynch Jr. had 51 shares withheld for taxes on vesting stock.
14 Apr 2016material agreement▼ BadMajor
Effective April 13, 2016, Energen signed a fourth amendment to its credit agreement, cutting the borrowing base and commitments from $1.4 billion to $1.05 billion after the April 1, 2016 redetermination. The deadline to issue certain senior notes without a borrowing base cut moved to the October 1, 2016 redetermination, and the cap on letters of credit fell from $100 million to $50 million. This continues the cuts from $2.1 billion (April 2015) and $1.6 billion to $1.4 billion (October 2015); the filing gives no reason.
22 Feb 2016material agreement● NeutralMajor
Energen sold 15,800,000 new shares to Credit Suisse at $20.99 each, and the underwriter exercised in full its option for 2,370,000 more on February 17, 2016. The offering closed February 22, 2016 with net proceeds of about $381.1 million, to repay credit facility borrowings, fund drilling and development, and/or for general corporate purposes. This follows the prospectus supplements filed Feb 17 and 19. It originally planned 12,000,000 shares and upsized to 15,800,000. For shareholders, this is a large issuance of new shares (inference: it dilutes existing holders' percentage ownership).
19 Feb 2016securities registration● Neutral
ENERGEN CORP filed a prospectus supplement for an offering off its existing shelf.
17 Feb 2016securities registration● Neutral
ENERGEN CORP filed a prospectus supplement for an offering off its existing shelf.
16 Feb 2016asset acquisition disposition● Neutral
Energen filed pro forma income figures for 2015 to show the effect of the San Juan Basin sale to Southland Royalty, which closed March 31, 2015, as previously reported. The 8-K text itself only repeats the earlier sale terms (about $384 million of pre-tax proceeds); the numbers are in an exhibit not included here, so no new figures can be reported.
16 Feb 2016quarterly activities report▼ Bad
ENERGEN CORP reported a quarterly net loss of $203.1 million for the period ended 2016-03-31.
12 Feb 2016quarterly activities report▼ Bad
ENERGEN CORP reported a quarterly net loss of $203.1 million for the period ended 2016-03-31.
11 Feb 2016substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a ENERGEN CORP shareholding of 8,791,008 shares (11.16% of votes) in a periodic institutional filing.
10 Feb 2016substantial holder notice● Neutral
The Vanguard Group reported a ENERGEN CORP shareholding of 5,724,151 shares (7.26% of votes) in a periodic institutional filing.
26 Jan 2016substantial holder notice● Neutral
BlackRock, Inc reported a ENERGEN CORP shareholding of 6,882,130 shares (8.70% of votes) in a periodic institutional filing.
6 Nov 2015quarterly activities report▼ Bad
ENERGEN CORP reported a quarterly net loss of $590.8 million for the period ended 2015-12-31.
6 Nov 2015quarterly activities report▼ Bad
ENERGEN CORP reported a quarterly net loss of $590.8 million for the period ended 2015-12-31.