Carrizo Oil & Gas Inc. on Aug. 7 reported an adjusted second-quarter net income attributable to its shareholders of $65.9 million, or 71 cents per share, down from the $66.6 million, or 79 cents per share, posted for the same quarter in 2018.
The S&P Global Market Intelligence consensus normalized earnings estimate for the quarter was a net income of 69 cents per share.
The company's GAAP net income attributable to its shareholders came in at $102.2 million, increasing from $30.1 million a year ago.
Total revenues for the quarter were pegged at $265 million, increasing slightly from $264 million a year ago.
Daily production came in at 65,643 barrels of oil equivalent per day in the second quarter, compared to 57,077 boe/d in the same quarter in 2018.
Carrizo President and CEO Chip Johnson IV said the company's proposed merger with Callon Petroleum Co., in an all-stock transaction valued at $3.2 billion, "should create a premier, oily mid-cap E&P company, with strong positions in the Permian Basin and Eagle Ford Shale."