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EP Energy: 2Q Earnings Snapshot

August 9, 2018

HOUSTON (AP) _ EP Energy Corp. (EPE) on Thursday reported a loss of $58 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 23 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The independent oil and gas company posted revenue of $265 million in the period. Its adjusted revenue was $329 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $318.5 million.

In the final minutes of trading on Thursday, the company’s shares hit $1.85. A year ago, they were trading at $3.23.

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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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