WASHINGTON (dpa-AFX) - Oil and gas company Energen Corp.'s (EGN) first quarter 2012 net income fell to $57.41 million, or $0.79 per share from year-ago quarter's $94.27 million or $1.30 per share. Excluding non-cash items, adjusted net income totaled $96.1 million, or $1.33 per share, the company said. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $1.16 for the quarter. Analysts' estimates typically exclude one-time items.
Total operating revenues for the latest quarter were $418.44 million compared with $486.36 million a year earlier. Analysts estimated revenues of $465.73 million for the quarter.
The company has raised its 2012 guidance range for after-tax cash flows to $795 million - $824 million on a consolidated basis from its prior guidance $764 million - $793 million.
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