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Whiting reports 4Q loss

DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Tuesday reported a loss of $173.3 million in its fourth quarter.

On a per-share basis, the Denver-based company said it had a loss of 59 cents. Losses, adjusted for non-recurring costs and asset impairment costs, were 28 cents per share.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.

The oil and gas company posted revenue of $342.7 million in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $353 million.

For the year, the company reported that its loss narrowed to $1.34 billion, or $5.32 per share. Revenue was reported as $1.28 billion.

Whiting shares have decreased roughly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.57, more than doubling 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 WLL at https://www.zacks.com/ap/WLL


Keywords: Whiting Petroleum, Earnings Report