Unlike Texas Oil & Gas Companies Experiencing Total Pretax Income Growth of a Blistering 67% in the March, April or May 2018 Quarter, the 20 Oklahoma Oil & Gas Companies Posted a Very Disappointing Total Pretax Income Decline of 23% in the March, April or May 2018 Quarter ........................................................................................
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March, April or May 2018 and 2017 Quarters for all US Companies including both Partnerships and REITs which are Headquartered in the US State of Oklahoma with March, April or May 2018 Quarter Ends, with stock market caps of at least $100 Mil recently and which have released their March, April or May 2018 Quarter Earnings by July 5, 2018.
| US GAAP | US GAAP | ||||||||||||
| Pretax | Net | ||||||||||||
| US GAAP | US GAAP | Income | Income | ||||||||||
| US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | Effective | Effective | Better | Better | ||||
| Pretax | Income | Net | Pretax | Income | Net | Income | Income | (Worse) | (Worse) | ||||
| Income | Tax | Income | Income | Tax | Income | Tax | Tax | % Change | % Change | ||||
| Oklahoma Company | (Loss) | Expense | (Loss) | (Loss) | Expense | (Loss) | Rate | Rate | March, | March, | |||
| Market Caps of $100 Mil+ | March, | March, | March, | March, | March, | March, | March, | March, | April or | April or | |||
| Releasing March, April or | April or | April or | April or | April or | April or | April or | April or | April or | May Qtr | May Qtr | |||
| May 2018 Quarter | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | 2018 | 2018 | |||
| Earnings By July 5, 2018 | 2018 | 2018 | 2018 | 2017 | 2017 | 2017 | 2018 | 2017 | vs 2017 | vs 2017 | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| Oil & Gas Cos | |||||||||||||
| Williams Partners LP | 384 | - | 384 | 663 | 3 | 660 | 0.0% | 0.5% | -42% | -42% | |||
| ONEOK | 342 | 76 | 266 | 241 | 55 | 186 | 22.2% | 22.8% | 42% | 43% | |||
| Williams Companies | 325 | 55 | 270 | 606 | 37 | 569 | 16.9% | 6.1% | -46% | -53% | |||
| Continental Resources | 305 | 71 | 234 | 6 | 6 | - | 23.3% | 100.0% | 4983% | NM | |||
| Chesapeake Energy | 294 | - | 294 | 142 | 1 | 141 | 0.0% | 0.7% | 107% | 109% | |||
| Magellan Midstream Partners LP | 212 | 1 | 211 | 224 | 1 | 223 | 0.5% | 0.4% | -5% | -5% | |||
| Enable Midstream Partners LP | 114 | - | 114 | 121 | 1 | 120 | 0.0% | 0.8% | -6% | -5% | |||
| NGL Energy Partners LP | 111 | - | 111 | 26 | - | 26 | 0.0% | 0.0% | 327% | 327% | |||
| Mammoth Energy Services | 101 | 46 | 55 | (8) | (3) | (5) | 45.5% | 37.5% | 1363% | 1200% | |||
| Gulfport Energy | 90 | - | 90 | 154 | - | 154 | 0.0% | 0.0% | -42% | -42% | |||
| Laredo Petroleum | 87 | - | 87 | 68 | - | 68 | 0.0% | 0.0% | 28% | 28% | |||
| Unit Corp | 12 | 4 | 8 | 30 | 14 | 16 | 33.3% | 46.7% | -60% | -50% | |||
| Midstates Petroleum | 4 | - | 4 | 18 | - | 18 | 0.0% | 0.0% | -78% | -78% | |||
| BlueknightEnergyPartners LP | 4 | - | 4 | 4 | - | 4 | 0.0% | 0.0% | 0% | 0% | |||
| Panhandle Oil & Gas | 1 | - | 1 | 4 | 1 | 3 | 0.0% | 25.0% | -75% | -67% | |||
| Helmerich & Payne | (6) | (4) | (2) | (70) | (22) | (48) | 66.7% | 31.4% | 91% | 96% | |||
| Semgroup | (10) | 23 | (33) | (10) | - | (10) | -230.0% | 0.0% | 0% | -230% | |||
| WPX Energy | (41) | (15) | (26) | 128 | 33 | 95 | 36.6% | 25.8% | -132% | -127% | |||
| SandRidge Energy | (41) | - | (41) | 51 | - | 51 | 0.0% | 0.0% | -180% | -180% | |||
| Devon Energy | (181) | (28) | (153) | 325 | 8 | 317 | 15.5% | 2.5% | -156% | -148% | |||
| Total all 20 Oil & Gas Cos | 2,107 | 229 | 1,878 | 2,723 | 135 | 2,588 | 10.9% | 5.0% | -23% | -27% | |||
| Non-Oil & Gas Cos | |||||||||||||
| Alliance Resource Partners LP | 156 | - | 156 | 105 | - | 105 | 0.0% | 0.0% | 49% | 49% | |||
| BOK Financial | 136 | 31 | 105 | 127 | 38 | 89 | 22.8% | 29.9% | 7% | 18% | |||
| ONE Gas | 116 | 25 | 91 | 114 | 38 | 76 | 21.6% | 33.3% | 2% | 20% | |||
| OGE Energy | 65 | 10 | 55 | 56 | 20 | 36 | 15.4% | 35.7% | 16% | 53% | |||
| Paycom Software | 52 | 11 | 41 | 52 | 19 | 33 | 21.2% | 36.5% | 0% | 24% | |||
| BancFirst Corp | 37 | 7 | 30 | 33 | 11 | 22 | 18.9% | 33.3% | 12% | 36% | |||
| Sonic Corp | 29 | 8 | 21 | 29 | 10 | 19 | 27.6% | 34.5% | 0% | 11% | |||
| AAON Inc | 5 | 1 | 4 | 14 | 4 | 10 | 20.0% | 28.6% | -64% | -60% | |||
| Matrix Service | (6) | (1) | (5) | (22) | (9) | (13) | 16.7% | 40.9% | 73% | 62% | |||
| LSB Industries | (7) | (1) | (6) | (7) | (1) | (6) | 14.3% | 14.3% | 0% | 0% | |||
| Total all 10 Non-Oil & Gas Cos | 583 | 91 | 492 | 501 | 130 | 371 | 15.6% | 25.9% | 16% | 33% | |||
| Total all 30 Oklahoma Cos | 2,690 | 320 | 2,370 | 3,224 | 265 | 2,959 | 11.9% | 8.2% | -16.6% | -20% |
