Earthstone Energy: Q4 Earnings Snapshot

THE WOODLANDS, Texas (AP) _ Earthstone Energy Inc. (ESTE) on Wednesday reported a loss of $8.5 million in its fourth quarter.

The The Woodlands, Texas-based company said it had a loss of 28 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 9 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The oil and gas company posted revenue of $36.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $42.6 million.

For the year, the company reported a loss of $13.5 million, or 45 cents per share, swinging to a loss in the period. Revenue was reported as $144.5 million.

Earthstone Energy shares have increased 60% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.54, more than tripling in the last 12 months.

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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