LINN Energy Announces Fourth Quarter and Full-Year 2015 Results; Announces 2016 Outlook
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LinnCo (LNCO) Files to Withdraw S-3 Shelf Registration
March 15, 2016 3:23 PM EDTLinnCo (NASDAQ: LNCO) disclosed the following on Tuesday:
VIA EDGARUnited States Securities and Exchange... MoreS&P Cut LINN Energy (LINE) to 'D' Following Missed Interest Payment
March 15, 2016 2:09 PM EDTStandard & Poor's Ratings Services today lowered its corporate credit ratings on oil and gas exploration and production company LINN Energy (Nasdaq: LINE) and its subsidiary Berry Petroleum Co. LLC to 'D' from 'CCC'.
We lowered the issue-level rating on the company's second-lien debt to 'D' from 'CCC-' and removed the rating from CreditWatch, where we placed it with negative... More
LINN Energy (LINE) Posts Q4 GAAP loss of $7.05/Share; Will Evaluate Alternatives
March 15, 2016 6:48 AM EDTLINN Energy (NASDAQ: LINE) reported Q4 EPS of ($7.05), $7.19 worse than the analyst estimate of $0.14.
EPS included non-cash impairment charges of approximately $3.0 billion, or $8.63 per unit, non-cash losses related to changes in fair value of unsettled commodity derivatives of approximately $83 million, or $0.24 per unit, and non-cash gains on extinguishment of debt of approximately $506 million, or $1.44 per unit.
Going Concern Audit Reports
Based on current estimates and expectations for commodity prices in 2016, LINN does not expect... More
