October 19, 2012 / 12:15 PM / 5 years ago

McMoran loss widens as output falls

Oct 17 (Reuters) - Oil and gas producer McMoran Exploration Co reported a bigger third-quarter loss as production fell due to shutdowns caused by Hurricane Isaac.

Net loss widened to $64 million, or 40 cents per share, in the third quarter f rom $ 9.4 million, or 6 cents per share, a year earlier.

The company, which has been delaying tests to measure flow at its Davy Jones well in the Gulf of Mexico, said revenue fell 34 percent to $91.8 million.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below