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Top News & Analysis Houston

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  • AUSTIN, Texas— A grand jury has indicted Texas Attorney General Ken Paxton on felony securities fraud charges that accuse the Republican of misleading investors before he took over as the state's top law enforcement officer, a special prosecutor said Saturday. Kent Schaffer, a Houston defense attorney appointed by a judge to the case, told The New York Times...

  • QUITO, July 31- Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.5 billion up-front payment, according to a statement from the company. Petroecuador International Trade Manager Nilsen Arias confirmed the deal to Ecuador's El...

  • US oil and natural gas rig count down 2 to 874 Friday, 31 Jul 2015 | 2:21 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.. Among major oil- and gas-producing states, New Mexico gained three rigs, Louisiana gained two and North Dakota, Ohio, Texas and Wyoming each gained one. Kansas lost four rigs, Utah declined by three, Alaska and...

  • July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...

  • Phillips 66 beats 2Q profit forecasts Friday, 31 Jul 2015 | 8:15 AM ET

    HOUSTON— Phillips 66 on Friday reported second-quarter net income of $1.01 billion. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Cheniere Energy Partners posts 2Q profit Thursday, 30 Jul 2015 | 7:57 PM ET

    HOUSTON _ Cheniere Energy Partners LP Holdings LLC on Thursday reported second-quarter net income of $4.5 million. Cheniere Energy Partners shares have declined 3.5 percent since the beginning of the year. Keywords: Cheniere Energy Partners, Earnings Report.

  • Comfort Systems beats 2Q profit forecasts Thursday, 30 Jul 2015 | 6:51 PM ET

    HOUSTON _ Comfort Systems USA Inc. on Thursday reported second-quarter profit of $13.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Cardtronics meets 2Q profit forecasts Thursday, 30 Jul 2015 | 5:33 PM ET

    HOUSTON _ Cardtronics Inc. on Thursday reported second-quarter earnings of $15 million. Cardtronics expects full-year revenue in the range of $1.18 billion to $1.2 billion. Cardtronics shares have fallen 7.5 percent since the beginning of the year.

  • Halcon Resources reports 2Q loss Thursday, 30 Jul 2015 | 4:58 PM ET

    HOUSTON _ Halcon Resources Corp. on Thursday reported a loss of $1.09 billion in its second quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. Six analysts surveyed by Zacks expected $202.8 million.

  • Camden reports 2Q results Thursday, 30 Jul 2015 | 4:48 PM ET

    HOUSTON _ Camden Property Trust on Thursday reported a key measure of profitability in its second quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for funds from operations of $1.10 per share. Six analysts surveyed by Zacks expected $219.3 million.

  • WASHINGTON, July 30- General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday. The prospective government partners include Canada, the United Kingdom, France, Germany, China and...

  • Dril-Quip beats 2Q profit forecasts Thursday, 30 Jul 2015 | 9:45 AM ET

    HOUSTON _ Dril-Quip Inc. on Thursday reported second-quarter profit of $39.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. Dril-Quip shares have decreased 17 percent since the beginning of the year.

  • Ultra Petroleum reports 2Q loss Thursday, 30 Jul 2015 | 9:07 AM ET

    HOUSTON _ Ultra Petroleum Corp. on Thursday reported a second-quarter loss of $24.7 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Ultra Petroleum shares have fallen 39 percent since the beginning of the year.

  • July 30- U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit as its refining margins rose due to a steep fall in crude oil prices. Valero said on Thursday that it was on track to start operations at two light crude processing units at the Corpus Christi and Houston refineries in the first quarter of 2016.. Net income from continuing...

  • July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. The Houston- based company said it would cut 2015 capital spending to $11 billion from $11.5 billion, and also lowered its forecast for...

  • HOUSTON— ConocoPhillips lost $179 million in the second quarter, after booking a profit in the same period last year, as a sizeable drop in oil prices weighed on the energy company's results. ConocoPhillips countered some of the hit from oil prices by cutting expenses. Shares of ConocoPhillips edged down 3 cents to $52.87 in morning trading shortly after the...

  • Occidental misses Street 2Q forecasts Thursday, 30 Jul 2015 | 7:24 AM ET

    HOUSTON _ Occidental Petroleum Corp. on Thursday reported second-quarter profit of $176 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Three analysts surveyed by Zacks expected $3.9 billion.

  • Conoco has quarterly loss, lowers capex Thursday, 30 Jul 2015 | 7:21 AM ET

    July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported a quarterly loss compared with a year-ago profit on Thursday as steep declines in crude oil prices hurt results. The Houston- based company also said it was lowering its forecast for 2015 capital expenditures to $11 billion from $11.5 billion. Conoco's loss in the second quarter...

  • Calpine beats 2Q profit forecasts Thursday, 30 Jul 2015 | 6:54 AM ET

    HOUSTON _ Calpine Corp. on Thursday reported second-quarter profit of $19 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Calpine shares have declined 25 percent since the beginning of the year.

  • Carbo Ceramics reports 2Q loss Thursday, 30 Jul 2015 | 5:03 AM ET

    HOUSTON _ Carbo Ceramics Inc. on Thursday reported a second-quarter loss of $17 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share. Carbo Ceramics shares have dropped 13 percent since the beginning of the year.