Marathon Oil (MRO) Tops Q1 EPS by 3c

Marathon Oil (NYSE: MRO) reported Q1 EPS of ($0.07), $0.03 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.18 billion.

During the quarter, Marathon Oil entered into an agreement to sell its Canadian oil sands business, which is now reflected as discontinued operations. The net loss of $4,957 million, or $5.84 per diluted share, includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results, including a non-cash, after-tax impairment charge of $4,962 million from discontinued operations. The adjusted net loss was $57 million, or $0.07 per diluted share.

For earnings history and earnings-related data on Marathon Oil (MRO) click here.

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