Plains Exploration & Production Company (PXP) reported first-quarter net income attributable to stockholders of $22.6 million or $0.17 per share, compared to a net loss to stockholders of $82.3 million or $0.64 per share, last year.
Adjusted net income to stockholders was $139.6 million or $1.05 per share, compared to $77.0 million or $0.58 per share, prior year. Revenues were $1.2 billion compared to $524.3 million prior year.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $0.82 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.15 billion for the quarter.
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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.