Saturday, April 13, 2019

The 25 Largest Oklahoma Companies Total Audited Operating Income Improvement in the Three Most Recent Years Was $52.3 Bil, With 73% of it Occurring in 2016, Obama's Last Year in Office

Since Oklahoma is one of the 12 Super Tuesday US States Holding Their 2020 Democratic Presidential Early Primary on March 3, 2020, I Think It Might Be Helpful to Research Just How Oklahoma Companies Have Performed on the Audited Operating Earnings Front in the Most Recent Three Years
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In 2016, the Total Annual Audited Operating Income Improvement Over 2015 was $38.2 Bil For These 25 Largest Oklahoma Cos

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In 2017, the Total Annual Audited Operating Income Improvement Over 2016 was a Much Lower $11.2 Bil For These 25 Largest Oklahoma Cos

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And in 2018, the Total Annual Audited Operating Income Improvement Over 2017 was an Even Much Lower $2.9 Bil For These 25 Largest Oklahoma Cos

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From a review of SEC filings, I found 25 Oklahoma Companies with stock markets caps of above $1 Bil sometime in 2018.
  
From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Operating Income (Loss) From Continuing Operations for the Fiscal Years Ended (FYE) 2018, 2017, 2016 and 2015 for each of these 25 Largest Oklahoma Companies.  Devon Energy's Operating Income below is its Pretax Income (Loss) excluding Finance Costs-Net since its Operating Income wasn't disclosed.  Oklahoma Financial Cos Operating Income and Pretax Income are the same. 

Most
Recent Audited Audited Audited Audited
Annual Operating Operating Operating Operating
Audited Income Income Income Income
Oklahoma Financial (Loss) (Loss) (Loss) (Loss)
Oklahoma Companies City State Sts FYE FYE FYE FYE
Stock Market Caps > $ Bil HQs HQs FYE 2018 2017 2016 2015
 $ mils  $ mils  $ mils  $ mils
ONEOK Tulsa OK Dec 18       1,835       1,392       1,296          996
Continental Resources Oklahoma City OK Dec 18       1,594          449        (288)        (224)
Devon Energy Oklahoma City OK Dec 18       1,514       1,090          284   (19,339)
Magellan Midstream Partners LP Tulsa OK Dec 18       1,195       1,053          937          967
Chesapeake Energy Oklahoma City OK Dec 18          882       1,139     (4,411)   (18,919)
Williams Companies Tulsa OK Dec 18          768          927          689          226
Enable Midstream Partners LP Oklahoma City OK Dec 18          648          528          385        (712)
BOK Financial Tulsa OK Dec 18          565          518          339          432
WPX Energy Tulsa OK Dec 18          554            98        (826)          274
OGE Energy Oklahoma City OK Dec 18          490          532          531          507
Mammoth Energy Services Oklahoma City OK Dec 18          394            63          (35)          (16)
Gulfport Energy Oklahoma City OK Dec 18          392          548        (868)     (1,335)
Alliance Resource Partners LP Tulsa OK Dec 18          372          332          368          361
Laredo Petroleum Tulsa OK Dec 18          348          250          (88)     (2,472)
ONE Gas Tulsa OK Dec 18          288          317          289          265
Roan Resources Oklahoma City OK Dec 18          225            20              7              0
Paycom Software Oklahoma City OK Dec 18          174          130          102            34
BancFirst Corp Oklahoma City OK Dec 18          160          136          108          101
Semgroup Tulsa OK Dec 18          156            94          121          129
NGL Energy Partners LP Tulsa OK Mar 18          138          255        (105)          107
Sonic Corp Oklahoma City OK Aug 18          106          123          127          116
AAON Inc Tulsa OK Dec 18            56            74            80            71
Helmerich & Payne Tulsa OK Sep 18            32        (173)          (26)          672
Ring Energy Tulsa OK Dec 18            20            16          (57)          (13)
Unit Corp Tulsa OK Dec 18          (17)            84        (144)     (1,659)
Total all 25 Oklahoma Cos
    12,889       9,995     (1,185)   (39,431)
Total Annual Operating Income Improvement From Prior Year
      2,894     11,180     38,246