03/10/2016 03:57 EST | Updated 03/11/2017 00:12 EST

Penn West posts loss of $1.2 billion in 4th quarter

CALGARY, Alberta (AP) _ Penn West Petroleum Ltd. (PWE) on Thursday reported a loss of $1.2 billion in its fourth quarter.

The Calgary, Alberta-based company said it had a loss of $2.40 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to $1.73 per share.

The oil and natural gas company posted revenue of $204.5 million in the period.

For the year, the company reported that its loss widened to $1.98 billion, or $3.95 per share. Revenue was reported as $950 million.

The company's shares closed at $1.23. A year ago, they were trading at $1.64.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PWE at


Keywords: Penn West, Earnings Report