Cobalt International Energy (CIE) Tops Q3 EPS by 5c

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Go back to Cobalt International Energy (CIE) Tops Q3 EPS by 5c

Cobalt International Energy, Inc. Announces Third Quarter 2015 Results and Provides Updates on Successful Appraisal Operations at North Platte, Anchor and Shenandoah

November 3, 2015 6:45 AM EST

HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (Cobalt) (NYSE: CIE) today announced a net loss from continuing operations of $49.7 million, or $0.12 per basic and diluted share for the third quarter of 2015, compared to a net loss from continuing operations of $67.1 million, or $0.16 per basic and diluted share, for the third quarter of 2014.

In addition, Cobalt conducted successful appraisal operations at its North Platte, Anchor and Shenandoah discoveries. Operations at its Heidelberg development are on track to begin initial production in the second quarter of 2016, ahead of previously announced guidance. Also during the third... More