Energen’s 2Q16 Production Exceeds Guidance Midpoint by 4%

BIRMINGHAM, Ala.--(BUSINESS WIRE)--For the 3 months ended June 30, 2016, Energen Corporation (NYSE: EGN) reported GAAP net income from all operations of 36.8 million, or $0.38 per diluted share. Excluding mark-to-market derivatives losses, income from the sale of properties, and pension and reduction in force (RIF) settlement expenses, Energen’s adjusted loss in 2Q16 totaled $27.1 million, or $(0.28) per diluted share. This compares with adjusted income in 2Q15 of $11.9 million, or $0.16 per diluted share.