Referenced Stocks

Eagle Rock Energy Swings to Q4 Net Loss; Revenue Slides 30%, Trailing Estimates

By Midnight Trader,  October 31, 2012, 04:56:40 PM EDT

Eagle Rock Energy Partners L.P. ( EROC ) is steady in late trade at $10.22 after posting a fiscal Q4 net loss of $106.9 million.

That reversed a $97.4 million profit during the same three months in 2011 due to unrealized mark-to-market losses on commodity hedges and impairments, both of which are non-cash charges to earnings.

EROC did not provide per-share earnings for the period. Analysts, on average, were expecting net income of $0.05 a share. Quarterly revenue slid 30.1% from year-ago levels to $184.5 million, trailing the analyst consensus of $259.8 million by a wide margin.

Shares of EROC are trading in a 52-week range of $8.25 - $11.81.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: EROC



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%