Cobalt International Energy (CIE) Reports Q4 Loss Per Share of 80c

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Go back to Cobalt International Energy (CIE) Reports Q4 Loss Per Share of 80c

Cobalt International Energy, Inc. Announces Fourth Quarter and Year-End 2015 Results and Provides Operational Update

February 22, 2016 7:00 AM EST

HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (Cobalt) (NYSE: CIE) today announced a net loss from continuing operations of $325.0 million, or $0.80 per basic and diluted share for the fourth quarter of 2015, compared to a net loss from continuing operations of $140.4 million, or $0.34 per basic and diluted share, for the fourth quarter of 2014. Cobalt reported a net loss from continuing operations of $498.5 million, or $1.22 per basic and diluted share, for the year ending December 31, 2015 compared to a net loss from continuing operations of $317.2 million, or $0.78 per basic and diluted share, for the same period in 2014.... More