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


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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 Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: EROC

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