- Energy XXI (EXXI) -6.9% AH after posting FQ2 net income of $10.4M, down from $41.3M in the same period last year.
- Revenues shrank to $297M from $320.5M in the same interval, with realized crude prices dropping to $94.85 from $106.31.
- FQ2 production averaged 45.1K boe/day vs. 44.6K boe/day in the year-ago quarter.
- EXXI says it expects a strong finish to the fiscal year in June as six horizontal oil wells are set to be drilled at West Delta 73 and 30.
Energy XXI -6.9% as lower commodity prices cut profits
Feb 6 2014, 17:41 ET