Cobalt International Energy (CIE) Tops Q1 EPS by 5c
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Cobalt International Energy, Inc. Announces First Quarter 2016 Results and Provides Operational Update
May 3, 2016 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (Cobalt) (NYSE: CIE) today announced a net loss from continuing operations of $30.8 million, or $0.08 per basic and diluted share for the first quarter of 2016, compared to a net loss from continuing operations of $70.5 million, or $0.17 per basic and diluted share, for the first quarter of 2015.
Capital and operating expenditures (excluding changes in working capital) from continuing operations for the quarter ending March 31, 2016 were approximately $136 million. Cobalt reiterated its full year guidance for capital expenditures of approximately $450 to $500 million in 2016 and total cash uses for 2016, inclusive of interest... More
