Oasis Petroleum Q2 Profit Declines; Yet Tops View

(RTTNews) - Oasis Petroleum Inc. (OAS) posted second-quarter net income of $67.1 million or $0.72 per share, compared to $76.0 million or $0.82 per share in the year-ago quarter.

Adjusted net income for the latest second quarter was $60.1 million or $0.65 per share, up from $30.0 million or $0.33 per share in the prior year quarter. On average, 26 analysts polled by Thomson Reuters expected earnings of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased to $254.58 million from $149.06 million in the comparable quarter last year, while twenty analysts expected revenues of $246.47 million for the quarter.