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Last $10.17 USD
Change Today -0.42 / -3.97%
Volume 1.6M
As of 4:15 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

bill barrett corp (BBG) Snapshot

Open
$10.90
Previous Close
$10.59
Day High
$11.02
Day Low
$10.06
52 Week High
06/23/14 - $29.35
52 Week Low
12/16/14 - $7.54
Market Cap
508.9M
Average Volume 10 Days
2.3M
EPS TTM
$-0.51
Shares Outstanding
50.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BILL BARRETT CORP (BBG)

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bill barrett corp (BBG) Details

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.

202 Employees
Last Reported Date: 02/27/15
Founded in 2002

bill barrett corp (BBG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $542.3K
Chief Financial Officer and Treasurer
Total Annual Compensation: $383.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $317.9K
Senior Vice President of Business Development
Total Annual Compensation: $319.7K
Compensation as of Fiscal Year 2014.

bill barrett corp (BBG) Key Developments

Bill Barrett Corporation Enters into Third Amendment to the Third Amended and Restated Credit Agreement

On April 9, 2015, Bill Barrett Corporation entered into a Third Amendment to the Third Amended and Restated Credit Agreement dated March 16, 2010, among the company, as the borrower, certain subsidiaries of the company party thereto, each of the lenders and agents party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders (the Third Amendment). The Third Amendment has an effective date of April 9, 2015. The Third Amendment, among other things: amended the definition of Total Debt in the credit agreement to provide that, with respect to each period of four fiscal quarters ending on or before December 31, 2016, if there are no loans outstanding under the credit agreement on the date of determination, Total Debt shall be offset by the aggregate amount of unrestricted cash and cash equivalents in excess of $10,000,000 included in cash and cash equivalents accounts that would be listed on the consolidated balance sheet of the company and its consolidated subsidiaries; amended the definition of Maturity Date in the credit agreement to mean the earliest of (a) April 9, 2020 or (b) the date 181 days prior to the maturity of certain unsecured senior or senior subordinated debt of the company in existence as of the date of the Third Amendment or that may be incurred by the company as of a future date, or any permitted refinancing debt in respect thereof; amended the definition of LC Commitment in the credit agreement to reduce the LC Commitment amount to $50,000,000, provided that the company may elect to increase the LC Commitment by up to $50,000,000; and updated various anti-corruption laws, tax, defaulting lender and swap agreement provisions of the credit agreement to conform to current market standards and changes in the law. As of April 9, 2015, the company had no amounts outstanding under the credit agreement, and the company is currently in compliance with all financial covenants required by the credit agreement. Certain of the lenders under the credit agreement or their affiliates have provided and may continue to provide banking, financial, or other services to the company and its affiliates. They have received, and may in the future receive, customary fees and commissions for their services.

Bill Barrett Corp. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-23-2015 04:10 PM

Bill Barrett Corp. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-23-2015 04:10 PM. Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States. Speakers: Scot Woodall, Chief Executive Officer and President.

Bill Barrett Corp. Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter 2014; Provides Earnings and Production Guidance for First Quarter and Full Year of 2015; Plans to Drill 30-35 Wells in 2015

Bill Barrett Corp. reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating and other revenues of $66.902 million against $138.962 million a year ago. Operating loss was $30.726 million against income of $7.586 million a year ago. Net income before income taxes was $150.317 million against loss of $14.513 million a year ago. Net income was $89.065 million or $1.84 per basic and diluted share against net loss of $7.199 million or $0.15 per basic and diluted share a year ago. Net cash provided by operating activities was $30.415 million against $68.963 million a year ago. Additions to oil and gas properties, including acquisitions were $154.965 million against $109.882 million a year ago. Additions of furniture, equipment and other were $1.548 million against $0.748 million a year ago. Adjusted net loss was $11.259 million or $0.23 per diluted share against income of $5.188 million or $0.11 per diluted share a year ago. Discretionary cash flow was $38.861 million or $0.80 per diluted share, against 77.098 million or $1.62 per diluted share a year ago. For the year, the company reported operating and other revenues of $472.291 million against $568.093 million a year ago. Operating loss was $96.128 million against $179.977 million a year ago. Net income before income taxes was $32.99 million against loss of $311.366 million a year ago. Net income was $15.081 million or $0.31 per basic and diluted share against net loss of $192.733 million or $4.06 per basic and diluted share a year ago. Net cash provided by operating activities was $261.717 million against $265.265 million a year ago. Additions to oil and gas properties, including acquisitions were $580.943 million against $445.479 million a year ago. Additions of furniture, equipment and other were $3.658 million against $2.254 million a year ago. Adjusted net loss was $25.214 million or $0.52 per diluted share against adjusted net income of $20.468 million or $0.43 per diluted share a year ago. Discretionary cash flow was $231.552 million or $4.78 per diluted share compared to $281.33 million or $5.92 per diluted share a year ago. For the quarter, the company's combined production volumes were 1,401 MBoe against 3,327 MBoe a year ago. Oil production was 956 MBbls against 967 MBbls a year ago. Natural gas production was 1,794 MMcf against 10,723 MMcf a year ago. NGLs production was 146 MBbls against 573 MBbls a year ago. For the year, the company's combined production volumes were 9,112 MBoe against 14,475 MBoe a year ago. Oil production was 4,012 MBbls against 3,495 MBbls a year ago. Natural gas production was 21,744 MMcf against 52,685 MMcf a year ago. NGLs production was 1,476 MBbls against 2,199 MBbls a year ago. For the quarter, impairment expense was $12.062 million against $9.987 million a year ago. The company's 2015 strategy is to preserve the balance sheet and reduce capital activity in an environment where investment returns are affected by the low commodity price outlook. The Company is very well positioned for the current year having ample liquidity, approximately all of its 2015 production hedged at $90 per barrel oil and more than $4.00 per MMBtu natural gas, nominal drilling commitments and flexible service contracts. The company's 2015 plan is expected to result in approximately 10% production growth from core assets while cutting the capital budget by more than half. The plan does not require additional debt and focuses investment on high return development. The company planned to reduce its development activity with total capital expenditures between $240 million-$280 million. The company expects to drill and complete approximately 30-35 wells and participate in non-operated wells in the Northeast Wattenberg and Uinta Basin. The company intends to fund its capital expenditure program with cash flows from operations and from its available cash balance. Production is expected to be approximately 70% oil, 20% natural gas and 10% NGLs. First quarter of 2015 production is expected to be approximately 1.4 MMBoe. First quarter of 2015 capital expenditures are expected to be approximately $115 million due to maintaining four rigs through approximately one-half of the quarter.

 

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Industry Analysis

BBG

Industry Average

Valuation BBG Industry Range
Price/Earnings 34.9x
Price/Sales 1.1x
Price/Book 0.5x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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