Newfield Exploration Company (NYSE:NFX) released its Q4 and FY 2010 earnings, posting an EPS of $1.16 on revenues of $528 million, which was below the analyst consensus for $1.25 per share. Total gas and oil production in the fourth quarter was 77 Bcfe (billions of cubic feet equivalent).
The company reported revenues of $1.9 billion for the full year and production levels of 288 Bcfe, a 12% gain over prior year volumes.
Recorded net income for Q4 and FY 2010 was $22 million, or $0.17 per diluted share, and $523 million, or $3.91 per diluted share, respectively.