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EP Energy: 3Q Earnings Snapshot

November 7, 2018

HOUSTON (AP) _ EP Energy Corp. (EPE) on Wednesday reported a loss of $44 million in its third quarter.

The Houston-based company said it had a loss of 18 cents per share. Losses, adjusted for non-recurring costs, came to 4 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The independent oil and gas company posted revenue of $294 million in the period. Its adjusted revenue was $338 million, beating Street forecasts. Five analysts surveyed by Zacks expected $322.2 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.87. A year ago, they were trading at $2.83.

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

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