Newfield Exploration Co (NFX) reported that its third-quarter net income decreased to $78 million from $724 million last year. Earnings per share decreased to $0.58 from $5.48 prior year.
Non-GAAP earnings was $209 million or $1.58 per share. On average, 24 analysts polled by Thomson Reuters expected the company to report profit of $1.34 per share for the quarter. Analysts' estimates typically exclude special items.
Oil and gas revenues decreased to $375 million from $680 million last year. Analysts expected revenue of $536.34 million 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.