February 23, 2017 / 11:53 AM / in a year

Canada's Crescent Point Energy posts bigger quarterly loss

Feb 23 (Reuters) - Canada’s Crescent Point Energy Corp reported a bigger quarterly loss from a year earlier, mainly hurt by one-time charges of about C$457 million.

The oil and gas producer’s net loss widened to C$510.6 million ($388.23 million), or 94 Canadian cents per share, in the fourth quarter ended Dec. 31, from C$382.4 million, or 76 Canadian cents per share, a year earlier.

The quarter also included an unrealized loss on derivatives of C$138.7 million. Crescent recorded one-time charges of about C$589.4 million in the year ago quarter.

Total average production fell 6.3 percent to 165,097 barrels of oil equivalent per day in the quarter.

$1 = 1.3152 Canadian dollars Reporting by Vishaka George in Bengaluru; Editing by Shounak Dasgupta

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