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EP Energy: 2Q Earnings Snapshot

August 9, 2019

HOUSTON (AP) _ EP Energy Corp. (EPEG) on Friday reported a loss of $50 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, were 15 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The independent oil and gas company posted revenue of $256 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $240.1 million.

The company’s shares closed at 15 cents. A year ago, they were trading at $1.91.

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

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