Oasis Petroleum Q3 Profit Misses Estimates - Quick Facts

(RTTNews) - Oasis Petroleum Inc. (OAS) reported that its third-quarter net income increased to $121.59 million or $1.21 per share from $54.50 million or $0.59 per share, last year. The company's third quarter 2014 results were impacted by several non-cash items, including a $114.6 million non-cash mark-to-market gain on derivative instruments. Adjusted net income was $52.34 million or $0.52 per share, for the quarter.

On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $0.72 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $368.66 million from $305.50 million, a year ago. Analysts expected revenue of $382.81 million for the quarter.