WPX Energy (WPX) posted fourth-quarter loss of $338 million or $1.72 per share versus a profit of $12 million or $0.06 per share last year.
WPX results were impacted by non-cash impairment charges during the fourth quarter primarily due to a decline in forward natural gas prices.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share. Analysts' estimates typically exclude special items.
Total revenues grew to $992 million from $960 million in the prior-year quarter.
by RTT Staff Writer
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