Gastar Exploration (GST) Misses Q1 EPS by 4c, Sales Miss; May Need Waiver on Credit Facility

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Go back to Gastar Exploration (GST) Misses Q1 EPS by 4c, Sales Miss; May Need Waiver on Credit Facility

Gastar Exploration Announces First Quarter 2016 Results

May 5, 2016 4:19 PM EDT

HOUSTON, May 5, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar" or the "Company") today reported financial and operating results for the three months ended March 31, 2016.

Net loss attributable to Gastar's common stockholders for the first quarter of 2016 was $73.5 million, or a loss of $0.93 per share. Adjusted net loss attributable to common stockholders for the first quarter of 2016 was $17.7 million, or a loss of $0.22 per share, excluding the impact of a $48.5 million non-cash, pre-tax ceiling test impairment charge, a $6.5 million loss resulting from the mark-to-market of outstanding hedge positions... More