Halcon Resources: 2Q Earnings Snapshot
HOUSTON (AP) _ Halcon Resources Corp. (HK) on Wednesday reported a loss of $16.3 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of 10 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The independent energy company posted revenue of $55.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $53.6 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.77. A year ago, they were trading at $6.50.