Crescent Point Energy Corp. (CPG, CPG.TO) reported Friday that net income for the first quarter plunged to C$216.7 million or C$0.39 per share from C$1.18 billion or C$2.03 per share in the prior-year quarter.
On average, four analysts polled by Thomson Reuters expect the company to report earnings of C$0.39 per share for the quarter. Analysts' estimates typically exclude special items.
Oil and gas sales for the quarter declined 16 percent to C$913.6 million from C$1.09 billion in the same quarter last year. Analysts expected revenues of C$851.15 million for the quarter.
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