THE WOODLANDS, Texas (AP) _ Earthstone Energy Inc. (ESTE) on Monday reported a first-quarter loss of $17.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 60 cents. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The oil and gas company posted revenue of $40.7 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $40.8 million.
Earthstone Energy shares have increased 40% since the beginning of the year. The stock has dropped 36% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESTE at https://www.zacks.com/ap/ESTE