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Energen: 1Q Earnings Snapshot

BIRMINGHAM, Ala. (AP) _ Energen Corp. (EGN) on Tuesday reported first-quarter profit of $118.9 million.

On a per-share basis, the Birmingham, Alabama-based company said it had profit of $1.22. Earnings, adjusted for non-recurring gains, were 81 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The energy holding company posted revenue of $356.2 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $334.3 million.

Energen shares have risen 11 percent since the beginning of the year. The stock has increased 21 percent 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 EGN at https://www.zacks.com/ap/EGN