Rex Energy Corporation (NASDAQ:REXX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Rex Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 47.62% to $0.11 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 44.55% to $45.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rex Energy Corporation reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $42.62 million.
Quoting Management: “We are excited to further expand our relationship with Rex as they develop their highly-prospective acreage in the Utica Shale,” said Frank Semple, Chairman, President and Chief Executive Officer of MarkWest. “Rex is a proven operator with extensive experience in the development of unconventional resource plays and this agreement further supports the build out of our midstream infrastructure in the Utica Shale.”
Key Stats (on next page)…