Wuerth While Wily Wakenings: The 21 Largest Oklahoma Companies Posted Total Pretax Losses of $13.090 Bil in the 1Q 2020, an Earnings Deterioration of 1,120% or of $14.373 Bil From Their Total Pretax Income of $1.283 Bil in the 1Q 2019 ...... With These Horrific Losses, Oklahoma Was Effectively in an Economic Depression in the 1Q of 2020, Just Like Texas, Florida, Nevada, Ohio and Kansas Were.

Friday, June 19, 2020

The 21 Largest Oklahoma Companies Posted Total Pretax Losses of $13.090 Bil in the 1Q 2020, an Earnings Deterioration of 1,120% or of $14.373 Bil From Their Total Pretax Income of $1.283 Bil in the 1Q 2019 ...... With These Horrific Losses, Oklahoma Was Effectively in an Economic Depression in the 1Q of 2020, Just Like Texas, Florida, Nevada, Ohio and Kansas Were.

Since US President Donald Trump is holding his first 2020 Presidential campaign event live indoors tomorrow in Tulsa, Oklahoma, I think it might be helpful to research how Oklahoma Companies have performed recently on the earnings front.

From a review of Company SEC filings and the Google Finance website, I found 21 Oklahoma Companies with stock market caps of above $100 mil recently.

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 21 Oklahoma Companies.

		US	US
		GAAP	GAAP
		Pretax	Pretax
		Income	Income
		(Loss)	(Loss)	Better
		First	First	(Worse)
		Quarter	Quarter	%
Oklahoma Companies		2020	2019	Change
Market Caps Abonve $100 Mil	City HQs	mils $	mils $

Magellan Midstream Partners LP	Tulsa	288	209
Laredo Petroleum	Tulsa	238	(10)
ONE Gas	Tulsa	112	112
Enable Midstream Partners LP	Oklahoma City	105	122
Paycom Software	Oklahoma City	88	62
BOK Financial	Tulsa	79	140
AAON Inc	Tulsa	28	11
BancFirst Corp	Oklahoma City	28	41
Reserve Petroleum Co	Oklahoma City	(1)	0
Matrix Service Co	Tulsa	(7)	13
Alliance Resource Partners LP	Tulsa	(145)	283
ONEOK	Tulsa	(197)	415
NGL Energy Partners LP	Tulsa	(223)	58
Continental Resources	Oklahoma City	(239)	238
WPX Energy	Tulsa	(267)	(62)
Gulfport Energy	Oklahoma City	(510)	62
Helmerich & Payne	Tulsa	(534)	97
OGE Energy	Oklahoma City	(726)	41
Williams Companies	Tulsa	(774)	283
Devon Energy	Oklahoma City	(2,107)	(497)
Chesapeake Energy	Oklahoma City	(8,326)	(335)

Total all 21 Oklahoma Companies		(13,090)	1,283	-1120%

US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser on Tuesday June 23, 2020 at 5:15 PM Eastern time.