Rex Energy Earnings: Everything You Must Know Now

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Rex Energy Corporation (NASDAQ:REXX) 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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Rex Energy Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 47.62% to $0.11 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 44.55% to $45.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rex Energy Corporation reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $42.62 million.

Quoting Management: “We are excited to further expand our relationship with Rex as they develop their highly-prospective acreage in the Utica Shale,” said Frank Semple, Chairman, President and Chief Executive Officer of MarkWest. “Rex is a proven operator with extensive experience in the development of unconventional resource plays and this agreement further supports the build out of our midstream infrastructure in the Utica Shale.”

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