Energen Estimates Annual Production to Grow 20% a Year, 2017-2019

BIRMINGHAM, Ala.--(BUSINESS WIRE)--For the 3 months ended September 30, 2016, Energen Corporation (NYSE: EGN) reported GAAP net income from all operations of $53.3 million, or $0.55 per diluted share. Excluding mark-to-market derivatives losses, income from the sale of properties, and pension expenses, Energen’s adjusted loss in 3Q16 totaled $(21.4) million, or $(0.22) per diluted share. This compares with adjusted income in 3Q15 of $32.4 million, or $0.41 per diluted share. [See “Non-GAAP Financial Measures” beginning on pp 9 for more information and reconciliation.]