Contango Oil & Gas Co. (MCF) posted fiscal 2012 net income attributable to common stock of $58.4 million, or $3.79 per share, compared to $65.0 million, or $4.14 per share in the comparable quarter last year.
The company said that fiscal 2012 results included a loss of nearly $0.8 million, or $0.05 per share, attributable to discontinued operations from the sale of its Conterra company and Rexer Assets. This compares to a gain from discontinued operations for the year ended June 30, 2011 of about $0.6 million, or $.04 per share, related to the sale of its Joint Venture Assets with Conterra Company, Rexer assets and the distribution of Contango ORE, Inc.
Total revenues for the period dropped to $179.27 million from $201.72 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.