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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.