Brigham Minerals: 3Q Earnings Snapshot - Brownsville Herald: Texas

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Brigham Minerals: 3Q Earnings Snapshot

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Posted: Friday, November 8, 2019 7:51 am | Updated: 8:15 am, Fri Nov 8, 2019.

AUSTIN, Texas (AP) — Brigham Minerals Inc. (MNRL) on Thursday reported third-quarter profit of $3.1 million.

The Austin, Texas-based company said it had net income of 14 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The mineral and royalty interests company posted revenue of $25.1 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $25.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNRL at https://www.zacks.com/ap/MNRL

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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