WPX: 4Q Earnings Snapshot

TULSA, Okla. (AP) _ WPX Energy Inc. (WPX) on Wednesday reported a fourth-quarter loss of $122 million, after reporting a profit in the same period a year earlier.

The Tulsa, Oklahoma-based company said it had a loss of 29 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 10 cents per share.

The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The independent oil and gas company posted revenue of $443 million in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $640 million.

For the year, the company reported profit of $256 million, or 61 cents per share. Revenue was reported as $2.29 billion.

WPX shares have declined 25% since the beginning of the year. The stock has dropped 17% 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 WPX at https://www.zacks.com/ap/WPX