Energen Corp. (NYSE:EGN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Energen Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.29% to $1.14 in the quarter versus EPS of $1.33 in the year-earlier quarter.
Revenue: Rose 17.75% to $492.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Energen Corp. reported adjusted EPS income of $1.14 per share. By that measure, the company missed the mean analyst estimate of $1.21. It missed the average revenue estimate of $520.18 million.
Quoting Management: “The first three months of 2013 were both extremely encouraging and challenging,” said James McManus, Energen’s chairman and chief executive officer.
Key Stats (on next page)…