THE WOODLANDS, Texas (AP) _ Earthstone Energy Inc. (ESTE) on Wednesday reported a first-quarter loss of $5.8 million, after reporting a profit in the same period a year earlier.
The The Woodlands, Texas-based company said it had a loss of 14 cents per share. Earnings, adjusted for non-recurring costs, were 17 cents per share.
The oil and gas company posted revenue of $75.6 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $56.2 million.
Earthstone Energy shares have risen 61% since the beginning of the year. The stock has more than tripled 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
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