Oasis Petroleum Reports High Profit (NQ, NRP, OAS, PNG)

NQ Mobile Inc (ADR) (NYSE:NQ) will report its second quarter 2012 results after the U.S. markets close on Wednesday, August 8, 2012. NQ Mobile's management team will hold an earnings conference call to discuss its results and outlook at 8:00AM U.S. Eastern Time on Thursday, August 9, 2012, (8:00PM Beijing/Hong Kong Time on Thursday, August 9, 2012). Analysts are expecting the company to report earnings of $0.15 a share on revenue of 18.40 million.

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Additionally, Canaccord Genuity restated their buy rating on shares of NQ Mobile (NYSE: NQ) in a research note issued to investors last week.

Natural Resource Partners LP (NYSE:NRP) shares gained 1.30% to $19.55 in the after hour trading after the company posted second-quarter net profit of $48.94 million or $0.46 per unit, as compared to $55.08 million or $0.52 per unit in the same quarter last year. Total revenues for the quarter dropped 6% to $90.66 million from $96.53 million in the prior-year quarter. Analysts expected the company to earn $0.40 per unit on revenue estimate of $85.61 million for the quarter.

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Oasis Petroleum Inc. (NYSE:OAS) stock gained 4.42% to $27.94 in pre-market session after the company posted second-quarter net income of $76.04 million or $0.82 per share, up from $33.35 million or $0.36 per share in the year-ago quarter. Total revenue more than doubled to $149.06 million from $67.21 million in the year-ago period. Analysts expected earnings of $0.29 per share on revenue of f$145.23 million.

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PAA Natural Gas Storage, L.P. (NYSE:PNG) the company reported second-quarter net income of $16.37 million, or $0.23 per limited partner unit, as compared to $15.47 million or $0.22 per limited partner unit in the year ago quarter. Adjusted net income per limited partner unit rose to $0.25 from $0.23 in the same period last year. Revenues rose to $100.14 million from $54.36 million in the prior year quarter. Analysts expected the company to report earnings of $0.21 per share on revenues of $53.04 million for the quarter.