AP NEWS

Gastar Exploration: 2Q Earnings Snapshot

August 9, 2018

HOUSTON (AP) _ Gastar Exploration Inc. (GST) on Thursday reported a loss of $39.4 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 19 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 7 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The independent oil and gas company posted revenue of $10 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $18.8 million.

In the final minutes of trading on Thursday, the company’s shares hit 17 cents. A year ago, they were trading at 66 cents.

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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 GST at https://www.zacks.com/ap/GST

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