LINN Energy Announces Second Quarter 2015 Results; Announces Intent to Recommend Suspension of Distribution; Repurchases Approximately $599 Million of Senior Notes at a 35 Percent Discount

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Go back to LINN Energy Announces Second Quarter 2015 Results; Announces Intent to Recommend Suspension of Distribution; Repurchases Approximately $599 Million of Senior Notes at a 35 Percent Discount

LINN Energy (LINE) Posts Q2 Loss of $1.12/Unit; Recommends Suspension of Distribution

July 30, 2015 6:34 AM EDT

LINN Energy (NASDAQ: LINE) reported Q2 EPS of ($1.12), which may not compare with the analyst estimate of ($0.03).

LINN's Q2 loss includes non-cash losses related to changes in fair value of unsettled commodity derivatives of approximately $455 million, or $1.33 per unit.

"After careful... More