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Top News & Analysis Houston

  • HOUSTON _ Archrock Inc. on Thursday reported a fourth-quarter loss of $38.6 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. Archrock Inc. shares have increased 20 percent since the beginning of the year.

  • The company said it would spend nearly two-thirds of its budget in Texas' Permian Basin, of which $500 million is budgeted for infrastructure development in the so-called Alpine High field. Apache said last September it had amassed more than 300,000 acres in the field it calls Alpine High, most of which is in Reeves County, Texas. The company had posted a loss of...

  • HOUSTON _ Apache Corp. on Thursday reported a loss of $182 million in its fourth quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. Six analysts surveyed by Zacks expected $1.49 billion.

  • The company said it would spend nearly two-thirds of its budget in Texas' Permian Basin, of which $500 million is budgeted for infrastructure development in the so-called Alpine High field. Apache said last September it had amassed more than 300,000 acres in the field it calls Alpine High, most of which is in Reeves County, Texas. The company had posted a loss of...

  • Net loss attributable to Apache's common shareholders was $182 million, or 48 cents per share, in the three months ended Dec. 31. The company had posted a loss of $4.02 billion, or $10.62 per share, a year earlier, when it incurred one-time charges of $5.9 billion. The Houston- based company's total revenue fell about 2 percent to $1.45 billion.

  • HOUSTON _ Carrizo Oil& Gas Inc. on Thursday reported a loss of $779,000 in its fourth quarter. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Eleven analysts surveyed by Zacks expected $149.8 million.

  • HOUSTON _ Civeo Corp. on Thursday reported a loss of $15.9 million in its fourth quarter. The Houston- based company said it had a loss of 15 cents per share. For the current quarter ending in April, Civeo said it expects revenue in the range of $85 million to $90 million.

  • Caterpillar Inc, United Technologies Corp, Dana Inc, 3 M Co and General Electric Co, are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. Executives from the five companies are among a group of business leaders due to meet with Trump on Thursday to discuss how to help the president deliver on...

  • HOUSTON _ Oasis Petroleum Inc. on Wednesday reported a fourth-quarter loss of $54.7 million, after reporting a profit in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Nine analysts surveyed by Zacks expected $202.3 million.

  • Feb 22- A judge has crushed the hopes of a group of investors in Ultra Petroleum Inc, a bankrupt natural gas company, who had sought to collect a $300 million windfall because a clerk entered a court order on the wrong date. Bankruptcy Judge Marvin Isgur approved on Feb. 13 the disclosures for Ultra's plan to emerge from Chapter 11, although his order was not put on the...

  • Caterpillar Inc., United Technologies Corp., Dana Inc., 3 M Co., Timken Co. and General Electric Co., are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. The six firms are part of the Manufacturing Jobs Initiative, a White House advisory council created to help Trump deliver on his promise to...

  • A real estate agent shows a home to a prospective buyer in Miami.

    In local markets across the nation, there are too few listings to meet the strong buyer demand.

  • Caterpillar Inc., United Technologies Corp., Dana Inc., 3 M Co., Timken Co. and General Electric Co., are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. The six firms are part of the Manufacturing Jobs Initiative, a White House advisory council created to help Trump deliver on his promise to...

  • "It has been hard for us to keep up, with lots of folks running backup for each other," says Brandon Dudley, vice president of the Chicago- based company that arranges bus charters for events ranging from nights on the town to long-distance trips. In its latest report, the U.S. Centers for Disease Control and Prevention said 35 states had moderate to high levels of flu...

  • Feb 22- Verizon Communications Inc said on Wednesday it would offer its high-speed wireless 5 G network to certain customers in 11 U.S. cities in the first half of 2017.. Verizon will begin pilot testing 5 G "pre-commercial services" in cities, including Atlanta, Dallas, Denver, Houston, Miami, Seattle and Washington, D.C.. AT&T Inc said in January that it planned to test...

  • HOUSTON _ Ultra Petroleum Corp. on Wednesday reported a loss of $34.4 million in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of 22 cents. Ultra Petroleum shares have increased almost 4 percent since the beginning of the year.

  • HOUSTON _ Sanchez Energy Corp. on Wednesday reported fourth-quarter net income of $52.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share. Sanchez Energy shares have increased 29 percent since the beginning of the year.

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • HOUSTON _ Superior Energy Services Inc. on Tuesday reported a loss of $211.2 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share. Eight analysts surveyed by Zacks expected $333 million.

  • HOUSTON _ Weingarten Realty Investors on Tuesday reported a key measure of profitability in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 58 cents per share. Six analysts surveyed by Zacks expected $138.7 million.