Marathon Oil Will Continue Delivering Free Cash Flows [Seeking Alpha]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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marathonoil.com/investors
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Source: Seeking Alpha
Summary Marathon Oil reported a dip in profits for Q4-2019 due to the weakness in commodity prices but still delivered free cash flows for the eighth quarter in a row. After substantially reducing costs and achieving capital efficiencies, all of Marathon Oil's key assets are now generating free cash flows. Marathon Oil has also hedged roughly 40% of its oil production for the current year, which can support the company's cash flows if oil prices stay low. MRO Image courtesy of Pixabay Earnings Recap recently released However, the dip in commodity prices pushed Marathon Oil's earnings and cash flows lower. The company realized oil price of $54.83 per barrel for Q4-2019, down 2.11% from a year earlier. The natural gas and NGL prices also came in lower. As a result, the company's adjusted profits fell by 50.5% to $111 million and cash flow from operations (ahead of working cap. changes) dropped by 13% to $685 million. But it was great to see that Marathon Oil still managed to generate en
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News
- Marathon (MRO) Q1 Earnings on Deck: Here's How It Will Fare [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Corporation Declares First Quarter 2024 DividendPR Newswire
- Analysts Estimate Marathon Oil (MRO) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $32.00 price target on the stock.MarketBeat
- Marathon Oil (MRO) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 2/21/24 - Beat
MRO
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- MRO's page on the SEC website