Anadarko Petroleum Corp. (APC) announced first-quarter 2012 net income attributable to common stockholders of $2.156 billion or $4.28 per share, up from $216 million or $0.43 per share in the same quarter last year.
The latest quarter results included certain items typically excluded by the investment community in published estimates. In total, these items increased net income by approximately $1.681 billion, or $3.36 per share on an after-tax basis.
Adjusted net income was $475 million or $0.92 per share, compared to $366 million or $0.73 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $3.447 billion from $3.253 billion in the prior year quarter. Twenty analysts had consensus revenue estimate of $3.42 billion for the quarter.
by RTT Staff Writer
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