Energen Corp. (EGN) Misses Q1 EPS by 15c; Wolfcamp "A" Well Generates Strong Rates

After the close, Energen Corp. (NYSE: EGN) reported Q1 EPS of $1.05, $0.15 worse than the analyst estimate of $1.20. Revenue for the quarter came in at $561.2 million versus the consensus estimate of $564.47 million.

With earnings, Energen announced it has tested four new Wolfcamp wells in the Permian Basin, including its first in Martin County, an “A” bench well that generated the highest IP (3-phase) known for a Wolfcamp A well in Martin County. The last two wells in Energen’s 2013 Wolfcamp program in the southern Delaware Basin tested the “A” and “B” benches in Reeves County; they generated strong initial rates and continue to underscore the exciting Wolfcamp potential in the Texas Delaware Basin.

For earnings history and earnings-related data on Energen Corp. (EGN) click here.

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