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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