U.S. Markets closed

SRC Energy: 4Q Earnings Snapshot

DENVER (AP) _ SRC Energy Inc. (SRCI) on Wednesday reported fourth-quarter earnings of $82 million.

The Denver-based company said it had net income of 34 cents per share. Earnings, adjusted for non-recurring gains, came to 30 cents per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The oil and gas company posted revenue of $190.3 million in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $186.2 million.

For the year, the company reported profit of $260 million, or $1.07 per share. Revenue was reported as $645.6 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.58. A year ago, they were trading at $8.86.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRCI at https://www.zacks.com/ap/SRCI