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UPDATE 1-Rex Energy Q3 loss wider-than-expected

Thu Nov 5, 2009 5:28pm EST

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* Q3 adj loss $0.06/shr vs est loss/shr $0.05

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* Q3 revenue down 48 percent to $13.1 mln

Nov 5 (Reuters) - Oil and gas company Rex Energy Corp (REXX.O) posted a wider-than-expected quarterly loss, hurt in part by a fall in oil and gas sales.

The exploration and production company posted net loss of $1.2 million, or 3 cents a share, net earnings of $36.8 million, or $1.00 a share, in the year-ago quarter.

Excluding items, the company posted a loss of 6 cents a share, while analysts on an average were looking for a loss of 5 cents a share, according to Thomson Reuters I/B/E/S.

Revenue was down 48 percent at $13.1 million, while analysts expected $14.2 million.

Realized prices for oil fell 24 percent to $63.06 per barrel, and realized gas prices fell 31 percent to $6.33 per million cubic feet, the company said in a statement.

Rex Energy shares closed at $8.68 Thursday on Nasdaq. (Reporting by Arundhati Ramanathan in Bangalore; Editing by Unnikrishnan Nair)

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