A day after First Call issued that consensus estimate, they issued another....
$0.29/share excluding special items, or ~$26 million. The low estimate remains the same at $0.10/share but the high estimate dropped from $0.95/share to $0.62 cents/share, or ~$56 million.
Well, I got good news and bad news.
The good news is that since oil prices are up, future losses from out-of-the-money hedging transactions will be reduced.
The bad news, of course, is that oil prices are up.