Energy XXI Reports Fiscal Second-Quarter Results

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Go back to Energy XXI Reports Fiscal Second-Quarter Results

Energy XXI Limited (EXXI) Misses Q2 EPS Views; Updates on Operations

February 6, 2014 4:39 PM EST

Energy XXI Limited (NASDAQ: EXXI) reported Q2 EPS of $0.10, $0.33 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $296.82 million versus the consensus estimate of $310.44 million.

OPERATIONS UPDATE

At West Delta 73 (100% WI/ 83% NRI), the El Diente well was drilled to 9,272 feet measured depth (MD)/ 8,074 feet total vertical depth (TVD), including a 1,000 foot lateral into the F-35 sand, and currently is being placed on production. El Diente is the tenth consecutive successful horizontal well at West Delta 73, where net oil production has... More