Noble Energy, Inc. NBL reported adjusted earnings of 5 cents per share for the second quarter of 2017, beating the Zacks Consensus Estimate of a loss of 13 cents.On a GAAP basis, the company reported a loss of $3.20 per share against a loss of 73 cents in the year-ago quarter. The difference between adjusted and GAAP figures was due to the combined effect of a loss on divestiture, acquisition expenses, other charges, offset by a gain from tax adjustment.Total RevenueNoble Energy's total revenue increased around 25.1% year over year to $1,059 million in the second quarter. However, reported revenues marginally lagged the Zacks Consensus Estimate of $1,065 million by 0.6%.Noble Energy Inc. Price, Consensus and EPS Surprise Noble Energy Inc. Price, Consensus and EPS Surprise | Noble Energy Inc. QuoteOperational ResultsIn the quarter under review, sales volumes averaged 408 thousand barrels of oil equivalent per day (MBoe/d), reflecting a 7.0% sequential growth. The sales volumes were within the guided range of 405–415 MBoe/d.Operating expenses in the reported quarter was $3,359 million compared with $1,109 million in the year-ago quarter. However, excluding the loss on Marcellus Shale upstream divestiture, operating expenses were down 6.5% year over year.Interest expenses in the quarter were $96 million, up 23.1%.Realized PricesU.S. Onshore Realized crude oil and condensate prices in the quarter increased 13.9% to $45.63 per barrel from the year-ago level of $40.06.U.S. Onshore Natural gas prices increased 82.3% to $3.19 per thousand cubic feet (Mcf) from $1.75 in the year-ago period.U.S. Onshore Realized prices for natural gas liquids were up 33.9% to $18.77 per barrel.Financial HighlightsNoble Energy's cash and cash equivalents as of Jun 30, 2017 were $540 million, down from $1,180 million as of Dec 31, 2016.Long-term debt was $7,133 million as of Jun 30, 2017 compared with $7,011 million as of Dec 31, 2016.Cash flow from operating activities in the quarter was $341 million, up from $189 million last year.GuidanceFor the third and fourth quarter of 2017, Noble Energy expects total sales volumes in the range of 340–350 MBoe/d and 380–390 MBoe/d, respectively.For 2017, Noble Energy reiterated organic capital expenditure in the range of $2,300–$2,600 million.Excluding nearly 75 MBoe/d of full-year 2017 volumes related to the Marcellus and other asset divestments, Noble Energy’s original annual volume guidance was 340–350 MBoe/d.Zacks RankNoble Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming Peer ReleasesAnadarko Petroleum Corp. APC reported second-quarter 2017 adjusted loss of 77 cents per share, far wider than the Zacks Consensus Estimate of a loss of 37 cents.Murphy Oil Corp. MUR reported second-quarter 2017 loss of 11 cents per share, narrower than the Zacks Consensus Estimate of a loss of 15 cents.WPX Energy Inc. WPX reported a loss of 14 cents per share in the second quarter of 2017, narrower than the Zacks Consensus Estimate of a loss of 16 cents.More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Noble Energy Inc. (NBL): Free Stock Analysis Report Anadarko Petroleum Corporation (APC): Free Stock Analysis Report WPX Energy, Inc. (WPX): Free Stock Analysis Report Murphy Oil Corporation (MUR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research