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Gastar Grows Marcellus and Woodford Production
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Gastar Exploration Ltd. has reported financial and operating results for the three-month and nine-month periods ended September 30, 2013.
Net loss attributable to Gastar's common shareholders for the third quarter of 2013 was $3.9 million, or a loss of $0.07 per share.
Adjusted earnings before interest, income taxes, depreciation, depletion and amortization ("adjusted EBITDA") for the third quarter of 2013 was $16.8 million, or $0.29 per diluted share, compared to adjusted EBITDA of $10.0 million, or $0.16 per diluted share, for the third quarter of 2012.
Natural gas, condensate, oil and natural gas liquids (NGLs) revenues increased 61% to $23.8 million in the third quarter of 2013, up from $14.8 million for the same period of 2012. The increase in revenues was primarily the result of…
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