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Contango: 2Q Earnings Snapshot

August 9, 2018

HOUSTON (AP) _ Contango Oil & Gas Co. (MCF) on Thursday reported a loss of $7.2 million in its second quarter.

The Houston-based company said it had a loss of 29 cents per share. Losses, adjusted for non-recurring costs, came to 19 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The oil and gas company posted revenue of $18.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $17.4 million.

Contango shares have climbed nearly 8 percent since the beginning of the year. The stock has fallen slightly more than 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCF at https://www.zacks.com/ap/MCF

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