XTO Energy Inc. (XTO) reported third quarter net income of $500 million or $0.86 per share, compared to $521 million or $0.94 per share last year.
Adjusted earnings were $509 million, or $0.87 per share, compared to $545 million, or $0.98 per share in the prior year quarter.
On average, 29 analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share. Analysts' estimates typically exclude special items.
Total Revenues grew to $2.29 billion from $2.13 billion in the same quarter a year ago. Seventeen analysts estimated revenues of $2.23 billion.
The company posted production of 2.95 billion cubic feet equivalent, or Bcfe, per day, up 23% from the third quarter 2008 level of 2.39 Bcfe per day.
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