Energy, Utilities & Water  November 2, 2015

Noble Energy reports $283 million 3Q loss

Noble Energy Inc., one of the largest oil and gas producers in Northern Colorado, saw its share price climb 6 percent Monday on increased sales volume projections for the fourth quarter.

The stock-price boost came despite a third-quarter earnings report that included a $283 million net loss, which amounted to 67 cents per diluted share. The loss was compared to a profit of $419 million for the same period a year ago for Houston-based Noble (NYSE: NBL).

Revenue was down more than 50 percent from the same period a year ago to $801 million.

Noble’s earnings…

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