Business News

Carrizo Oil & Gas Q2 EPS and Revenues Beat Street Forecasts


Energy company Carrizo Oil & Gas reported Q2 adjusted net income per diluted share of $0.30, up from $0.29 for the same period last year, and ahead of the Capital IQ consensus forecast of $0.24. The company reported quarterly total revenues of $166.5 million, up from $107.3 million for the year-ago quarter, and surpassing the analyst forecast of $163.2 million.

Carrizo said that based on changes to the planned drilling and completion schedule, it is lowering its 2017 oil production guidance to 34,600-34,800 Bbls/d from 35,700-36,000 Bbls/d previously.