American Eagle Energy Posts Loss - Quick Facts

(RTTNews) - American Eagle Energy Corp (AMZG) Wednesday reported fourth-quarter net loss of $0.46 million or $0.03 per share compared with net income of $0.9 million or $0.08 per share last year.

Excluding items, adjusted loss for the quarter was $0.2 million or $0.01 per share.

Revenues for the quarter were higher at $13 million compared with $5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.05 per share on revenues of $14.27 million for the quarter. Analysts' estimates typically exclude special items.

Total net production for the quarter grew to 172,829 BOE from 60,653 BOE last year.

Operating expenses for the quarter decreased to $11 million from $15 million a year ago, due mainly to lower impairment expense. But this was offset by interest expense of $3 million.