HOUSTON — Goodrich Petroleum Corp. (GDP) on Tuesday reported a second-quarter loss of $15.7 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of $1.25 per share. Losses, adjusted for non-recurring costs and asset impairment costs, came to 25 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The independent oil and gas company posted revenue of $20.5 million in the period.
Goodrich Petroleum shares have dropped 20% since the beginning of the year. The stock has fallen 28% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDP at https://www.zacks.com/ap/GDP