Plains Exploration & Production Earnings: Here’s Why Investors are Ambivalent Now

Plains Exploration & Production Company (NYSE:PXP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Plains Exploration & Production Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 75% to $1.05 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Rose 135.01% to $1.23 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Plains Exploration & Production Company reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.82. It beat the average revenue estimate of $1.15 billion.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…