Post by
mugs19 on May 04, 2023 2:22am
First Qtr Earnings
Ok, first off, I've been in WCP for a long time and am doing well on this investment.
HOWEVER!!! What the hell is this first quarter results all about?
Year over year:
Revenue - UP 21%
Net Income DOWN 61%
Profit margin 31% DOWN from 94%
EPS $0.43/sh DOWN from $1.04
Revenue forcasted to stay flat for the next 2years!!???
How is one to stay positive about this? Please enlighten me as to what the hell I am missing!
mugs
Comment by
borne2run on May 04, 2023 10:14am
mugs, time to enroll in an energy101 course. For starters, review the analyst reports for the past few quarters. fyi EPS is a useless metric for oil producers.
Comment by
mugs19 on May 09, 2023 9:10pm
So how do you explain the other three metrics I questioned? mugs
Comment by
biker222 on May 04, 2023 4:47pm
mugs , the price of gas ( xto) went from 6 ish to current lows- at the same time that Oil dropped 20-30 a barrel. so wcp is a nice leveraged play on the nat gas and oil price swings. They made a few acquisitons and grew the revenue ( volume) but the price they got was lower . But they are still pukingn cashflow . Biker
Comment by
jimgeorge on May 04, 2023 11:14pm
Mugs, you must have read a cr@ppy news wire story - probably from CISION. If you read the actual Q1 report, revenue was down 21%, not up. And "profit margin" isn't even a real metric in O&G producers reports. No issues whatsoever. I am long 400K shares.
Comment by
mugs19 on May 10, 2023 1:20am
And "profit margin" isn't even a real metric in O&G producers reports. But it is a tool Financial instutions use in assessing corporations...