Whiting: 3Q Earnings Snapshot

November 5, 2019 GMT

DENVER (AP) _ Whiting Petroleum Corp. (WLL) on Tuesday reported a third-quarter loss of $19.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 21 cents. Losses, adjusted for one-time gains and costs, were 38 cents per share.

The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The oil and gas company posted revenue of $375.9 million in the period, which also did not meet Street forecasts. Ten analysts surveyed by Zacks expected $409.7 million.

Whiting shares have declined 67% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.48, a fall of 79% 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