LINN Energy Q3 Net Loss Narrows - Quick Facts

(RTTNews) - LINN Energy, LLC (LINE) Tuesday reported third-quarter net loss which narrowed amid growth in production and revenues.

Net loss narrowed to $4.1 million or $0.02 per share, from a loss of $30.06 million or $0.13 per share a year earlier.

Revenues surged to $1.43 billion, from $494.56 million a year earlier.

Average daily production rose to 1,245 MMcfe/d, from 823 MMcfe/d a year ago. Oil, natural gas and NGL sales increased 74 percent to around $937 million.

The company expects full-year production of 1,203 to 1,227 MMcfe/d, and fourth-quarter production of 1,350 to 1,405 MMcfe/d.