Cobalt International Energy (CIE) Misses Q4 EPS by 30c

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Go back to Cobalt International Energy (CIE) Misses Q4 EPS by 30c

Cobalt International Energy, Inc. Announces Fourth Quarter and Year End 2016 Results and Provides Operational Update

March 14, 2017 6:45 AM EDT

HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (Cobalt) (NYSE: CIE) today announced a net loss of $1,872.9 million, or $4.47 per basic and diluted share for the fourth quarter of 2016, compared to a net loss of $486.8 million, or $1.19 per basic and diluted share, for the fourth quarter of 2015. Cobalt reported a net loss of $2,343.3 million, or $5.69 per basic and diluted share, for the year ending December 31, 2016 compared to a net loss of $694.4 million, or $1.70 per basic and diluted share, for the same period in 2015. Included in the current quarter and full year results is an impairment charge of $1,691.8... More