Energen: 3Q Earnings Snapshot
BIRMINGHAM, Ala. (AP) _ Energen Corp. (EGN) on Tuesday reported a loss of $26.6 million in its third quarter.
The Birmingham, Alabama-based company said it had a loss of 27 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 96 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The energy holding company posted revenue of $380.9 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $364.6 million.
Energen shares have climbed 26 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $72.66, a rise of 30 percent in the last 12 months.