Cobalt International Energy, Inc. Announces Third Quarter 2017 Results and Provides Operational Update

November 2, 2017

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HOUSTON–(BUSINESS WIRE)–Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $150 million, or $5.05 per basic and diluted share for the third quarter of 2017, compared to a net loss of $218 million, or $7.98 per basic and diluted share, for the third quarter of 2016. This decrease in net loss compared to the same period in 2016 was largely driven by a $96 million reduction in loss on amendment of contract and an $11 million decrease in general and administrati

Category: General