Anadarko Petroleum Misses Q4 Expectations

Shares of Anadarko Petroleum Corporation APC fell in after hours trading Monday following the company’s fourth-quarter results.

Revenue came in at $3.177 billion, below estimates of $3.79 billion and the $3.338 billion reported in the prior year period.

Adjusted net income was $187 million or $0.37 per diluted share, below the the $373 million in adjusted net income, or $0.74 per diluted share, reported in the prior year period. Analysts expected $0.85 per share for the fourth-quarter.

The GAAP net loss was ($395) million or ($0.78) per diluted share, less than the ($770) million or ($1.53) loss per share reported in the year-ago period.

For the year ended December 31, 2014, Anadarko reported a net loss attributable to common stockholders of $1.750 billion, or $3.47 per diluted share, which included a net loss of $4.045 billion associated with the settlement of the Tronox Adversary Proceeding, after tax.

According to Anadarko Chairman, President and CEO Al Walker, the company’s “fourth-quarter operating performance was a capstone to another terrific year for our company. In 2014, we demonstrated the quality of our portfolio by delivering results that exceeded the midpoint of our initial sales-volume guidance by approximately 38,000 BOE per day, while staying well within our initial range of capital investment guidance and generating free cash flow.”

Anadarko Petroleum Corporation traded at $82.03 in the after hours session, down 0.89 percent.