* Q2 adj EPS $0.73 vs est $0.79
* Q2 revenue down 4 pct to $502.2 mln
* Raises FY production view to 29.7-30.5 mmboe
July 25 Whiting Petroleum Corp's
second-quarter profit missed analysts' estimates as lower oil
and gas sales margins offset a 26 percent jump in production.
The oil and gas company, however, raised its full-year
production outlook marginally. The company said it now expects
to achieve production of between 29.7 and 30.5 million barrels
of oil equivalent (MMboe).
The company's second-quarter production rose 26 percent to
7.34 MMboe. Higher production was offset by lower margin on oil
and gas sales as realized sales per barrel of oil equivalent
fell 16 percent.
Whiting's net income available to common shareholders fell
to $150.9 million, or $1.27 per share, from $203.1 million, or
$1.71 per share, a year earlier.
Excluding items, the company earned 73 cents per share,
missing analysts' estimates by 6 cents, according to Thomson
Revenue rose 4 percent to $502.2 million, but came in below
analysts' expectations of $545 million.
Denver-based Whiting's shares closed at $40.38 on Wednesday
on the New York Stock Exchange.