Magnum Hunter Q3 Loss Widens - Quick Facts

(RTTNews) - Magnum Hunter Resources Corp. (MHR), Friday reported a wider loss for the third-quarter, reflecting higher expenses, that offset the increase in revenues.

Net loss attributable to common shareholders amounted to $311.3 million or $1.83 per share, compared with loss of $42.3 million or $0.25 per share last year. Adjusting for a combination of non-cash and non-recurring gains on asset sales and expenses, the company said its adjusted net loss attributable to shareholders was $0.17 per share.

On average, seventeen analysts polled by Thomson Reuters expected the company to report loss per share of $0.18 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues were $73.03 million, up from prior year's $36.3 million. Analysts expected the company to generate revenues of $82.93 million. Total operating expenses were $165.7 million, compared with $45.2 million last year.