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Gastar Ups NGL Revenue 93%; Updates Ops
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Gastar Exploration Ltd. reported financial and operating results for the three and twelve months ended December 31, 2012.
Net income attributable to Gastar's common shareholders for the fourth quarter of 2012 was $2.9 million, or $0.05 per diluted share. Excluding the impact of an unrealized hedging loss of $1.5 million, adjusted net income attributable to common shareholders was $4.4 million, or $0.07 per diluted share. This compares to a net loss of $1.0 million, or $0.02 per share and adjusted net loss of $2.3 million, or $0.04 per share, for the fourth quarter of 2011.
Net cash provided by operating activities before working capital changes, reduced for dividend expense and adjusted for other special items ("adjusted cash flows from operations") for the fourth quarter of 2012…
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