Commodity Earnings This Week: Oil, Potash, Gold, and More

As we enter the final stretch of earnings season, investors are beginning to make up their minds on where they think the economy is headed. We have seen a number of big wins as well as some big losses with a fair amount of companies warning of a subdued Q4 reflecting the impact of the U.S. government shutdown. Below, we outline some of the biggest commodity earnings set for this week [for more commodity news and analysis subscribe to our free newsletter].

  • CME Group (CME): Though not technically a commodity company itself, the CME hosts some of the most popular and vital commodity futures and options in the world. The company will report before the bell today and analysts will look to see EPS of $0.73 with revenues just over $713 million.
  • Marathon Oil Corporation (MRO): After today’s closing bell, oil bellwether Marathon Oil Corporation will unveil its most recent fiscal quarter’s results. The Street is expecting to see EPS at $0.76 with revenues just shy of $3.75 billion.
  • The Mosaic Company (MOS): It has been a rough couple of months for potash firms after a major cartel was severed in late July. This will put immense pressure on Tuesday’s report, where analysts are looking to see EPS come in at $0.60.
  • Natural GasChesapeake Energy Corporation (CHK): Prior to Wednesday’s opening bell, CHK will hold its earnings call for shareholders. The independent oil and gas firm is slated to show EPS of $0.42 with revenues at $3.49 billion.
  • Devon Energy Corporation (DVN): Wednesday’s pre-market trading will likely be active in the oil and gas world, as Devon will also be reporting before the opening bell. Estimates for the quarter put EPS at $1.19 with revenues at $2.73 billion.
  • Apache Corp (APA): The famed oil and gas exploration firm will release its earnings before markets open on Thursday. Analysts are expecting to see a healthy EPS of $2.15 with revenues hitting $4.3 billion.
  • Royal Gold (RGLD): The Denver-based gold miner will also report earnings before the opening bell Thursday. In that report, the Street will be looking for EPS of $0.25 with revenues of $58.17 million.

The Bottom Line

As always, investors need to keep an eye on not only the numbers, but also the forecast and outlook given by a company. A solid quarter can quickly be ruined by a foggy future or a terrible quarter can be salvaged with a positive outlook. In order to properly react to and understand each report, be sure to take both the numbers and commentary from the company executives into account.

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Disclosure: No positions at time of writing.

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