LINN Energy (LINE) Posts Q3 GAAP Loss of 2c/Share

LINN Energy (NASDAQ: LINE) reported Q3 EPS of ($0.02), versis the analyst estimate of $0.41.

Net loss includes non-cash gains related to changes in fair value of unsettled commodity derivatives, including the reduction of put option premium value over time, of approximately $423 million, or $1.28 per unit, and an impairment charge of approximately $603 million, or $1.83 per unit, related to the divestiture of certain high valued unproved properties in the Midland Basin.

Adjusted net income would be about $0.57 per share.

For earnings history and earnings-related data on LINN Energy (LINE) click here.

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