Download the report

“By completing this form you agree to the processing of your personal information submitted through this form in accordance with CFRA’s Privacy Notice located at and the receipt of communications about CFRA and CFRA’s services.”


Oil & Gas

Who’s Next to Slash the Dividend?

Published January 21, 2020


  • There have been two dividend cuts announced in the energy industry within the past

  • Our outlook for oil prices remains tepid, and for natural gas prices appears weak.

  • We forecast HES and ARC have a sizeable risk of cutting their dividends over the next 1-2 years, while APA, EQT, MUR, and SM have moderate risk.



Please visit our website for more examples of CFRA's fundamental research.