Noble Energy, Inc. NBLreported adjusted earnings of 35 cents per share in the first quarter of 2018, beating the Zacks Consensus Estimate of 28 cents by 25%.
On a GAAP basis, the company reported earnings of $1.14 per share compared with 8 cents in the year-ago quarter.
The difference between adjusted and GAAP figures was caused by the combined effect of gain on divestiture, charges including asset impairment, loss on investment in Tamar Petroleum Ltd.
Total Revenues
Noble Energy's total revenues increased around 24.1% year over year to $1,286 million in the first quarter. Reported revenues also surpassed the Zacks Consensus Estimate of $1,199 million by 7.3%.