The Oklahoman

ONE GAS INC.

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SEVENTY SEVEN ENERGY INC.

Seventy Seven Energy Inc. on Wednesday reported a fourth-quarter loss of $60.6 million, or $1.18 a share, down from a loss of $9.4 million, or 20 cents a share in the year-ago quarter. Adjusted for one-time expenses, the Oklahoma City oil-field services company recorded a net loss of $32.2 million, or 64 cents a share in the fourth quarter, down from a profit of $7.4 million, or 16 cents a share one year ago.

Revenues were $193 million, down from $495 million in the fourth quarter of 2014. Adjusted earnings before interest, taxes, depreciati­on and amortizati­on was $56.3 million in the fourth quarter, down from almost $105 million in the year-ago period.

For the full year, the Seventy Seven recorded a loss of $221 million, or $4.42 a share, down from a loss of almost $8 million, or 17 cents a share in 2014. The company reported an adjusted net loss of $155 million, or $3.11 a share, down from an adjusted profit of $16.2 million, or 34 cents a share in 2014.

Revenues were $1.1 billion, down from $2.1 billion one year ago. Full-year adjusted EBITDA was $235 million, down from $432 million in 2014.

TULSA — ONE Gas Inc. reported higher profits in the fourth quarter, with net income at $39.2 million, or 74 cents per diluted share. That compared to net income of $36.6 million, or 69 cents per diluted share, in the fourth quarter of 2014.

Revenue for the fourth quarter was $389 million, down from $514 million reported in the year-earlier quarter. ONE Gas, which operates regulated natural gas utilities in Oklahoma, Texas and Kansas, said its full-year net income was $119 million, or $2.24 per diluted share. That compared to 2014 net income of $109.8 million, or $2.07 per diluted share.

Full-year revenue was $1.54 billion, down from $1.8 billion in 2014.

WILLIAMS COS.

TULSA — Williams Cos. took a pre-tax charge of $2.1 billion in the fourth quarter, sending it to a net loss of $701 million, or a loss of 94 cents per share. That compared to net income of $193 million, or 26 cents per share, in the fourth quarter of 2014.

For the year, Williams reported a net loss of $557 million, or 74 cents per share, compared with net income of $2.1 billion, or $2.92 per diluted share, for 2014.

The company took a $2.54 billion impairment charge for 2015.

WILLIAMS PARTNERS LP

TULSA — Williams Partners LP reported a net loss of $1.6 billion in the fourth quarter after taking an impairment charge of $2.1 billion. The partnershi­p had net income of $382 million in the fourth quarter of 2014.

Williams Partners’ net loss for the year was $1.4 billion, down from net income of $1.18 billion in 2014, although the full-year 2015 results were affected by an impairment charge of $2.6 billion.

“Williams Partners recorded another strong quarter, demonstrat­ing excellent operationa­l performanc­e and the resilience of our business to grow despite sharply lower commodity prices,” said Alan Armstrong, CEO of the partnershi­p’s general partner. “Even with reduced activities in supply areas, the partnershi­p enjoyed continued growth in fee-based revenues primarily from demand-driven projects and expansions brought into service.”

ENLINK MIDSTREAM LLC

EnLink Midstream LLC reported a net loss of $723 million, or $1.18 a share, in the fourth quarter, down from a profit of $75.6 million, or 16 cents a share, in the year-ago quarter.

Revenue was $1.07 billion, up from $1 billion in the year-ago period.

The general partner’s cash available for distributi­on was $47.8 million in the fourth quarter of 2015 compared to $66.3 million in the fourth quarter of 2014.

For the full year, the company had a net loss of $1.41 billion, or $2.17 a share, down from a profit of $251 million, or 55 cents a share, in 2014.

Revenue was $4.45 billion, up from $3.51 billion one year ago.

The company’s cash available for distributi­on was $199 million, down from $218 million in 2014.

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