Wuerth While Wily Wakenings: Oklahoma Companies Were in an Incredibly Deep Earnings Economic Depression in the First Half of 2020 ..... The 21 Largest Oklahoma Companies Total Pretax Earnings Declined By a Clearly Off-the-Charts 428% in the First Half of 2020, Going From Total Pretax Income of $4.7 Bil in the First Half of 2019 to Total Pretax Losses of $15.5 Bil in the First Half of 2020

Wednesday, September 16, 2020

Oklahoma Companies Were in an Incredibly Deep Earnings Economic Depression in the First Half of 2020 ..... The 21 Largest Oklahoma Companies Total Pretax Earnings Declined By a Clearly Off-the-Charts 428% in the First Half of 2020, Going From Total Pretax Income of $4.7 Bil in the First Half of 2019 to Total Pretax Losses of $15.5 Bil in the First Half of 2020

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 in mid-June 2020. All of these 21 Oklahoma Companies had June 2020 second quarter ends.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 21 excellent Oklahoma Companies. Chesapeake Energy's second quarter 2020 Pretax Income below excludes Reorganization Gains of $394 mil.

		US	US	US	US
		GAAP	GAAP	GAAP	GAAP
		Pretax	Pretax	Pretax	Pretax
		Income	Income	Income	Income
		(Loss)	(Loss)	(Loss)	(Loss)
		Second	Second	First	First
		Quarter	Quarter	Quarter	Quarter
Oklahoma Companies		2020	2019	2020	2019
Stock Market Caps Above $100 Mil	City HQs	mils $	mils $	mils $	mils $

Williams Companies	Tulsa	432	422	(774)	283
ONEOK	Tulsa	177	411	(197)	415
Magellan Midstream Partners LP	Tulsa	134	255	288	209
OGE Energy	Oklahoma City	114	111	(726)	41
BOK Financial	Tulsa	80	175	79	140
Enable Midstream Partners LP	Oklahoma City	44	124	105	122
ONE Gas	Tulsa	31	31	112	112
Paycom Software	Oklahoma City	27	52	88	62
BancFirst Corp	Oklahoma City	25	44	28	41
AAON Inc	Tulsa	22	17	28	11
Matrix Service Co	Tulsa	(8)	17	(7)	13
NGL Energy Partners LP	Tulsa	(34)	9	(223)	58
Alliance Resource Partners LP	Tulsa	(47)	58	(145)	283
Helmerich & Payne	Tulsa	(64)	(187)	(534)	97
Reserve Petroleum Co	Oklahoma City	(78)	663	(1)	0
Continental Resources	Oklahoma City	(314)	312	(239)	238
WPX Energy	Tulsa	(514)	389	(267)	(62)
Laredo Petroleum	Tulsa	(553)	175	238	(10)
Gulfport Energy	Oklahoma City	(561)	56	(510)	62
Chesapeake Energy	Oklahoma City	(670)	98	(8,326)	(335)
Devon Energy	Oklahoma City	(680)	219	(2,107)	(497)

Total all 21 Oklahoma Companies		(2,437)	3,451	(13,090)	1,283
… % Change From Prior Year Quarter		-171%		-1120%

Total Pretax Income (Losses)
….. First Half of 2020		(15,527)
….. First Half of 2019		4,734
………. % Decline		-428%