real-time news and commentary for investors
Monday, Oct 28
Linn Energy posts $0.13/unit loss, shares +2% AH
- Linn Energy (LINE): Q3 EPS of -$0.13 may not be comparable to $0.20 consensus estimate.
- Q3 oil, natural gas and natural gas liquids revenue of ~$538M, up 21.2% Y/Y.
- Q3 production of 823M cfe/day vs. 782M in the year-ago period; expects Q4 production to average ~850M cfe/day, at the mid-point of LINE's guidance range, which does not include the potential impact of ethane rejection.
- Shares +2.1% AH. (PR)