S&P Cut LINN Energy (LINE) to 'D' Following Missed Interest Payment
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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
