Exploration & Production | Quarterly / Earnings Reports | Capital Markets | Capital Expenditure
Kodiak on Track with 2013 CapEx; Will Spend $1B by Year-End
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Kodiak Oil & Gas Corp. reported financial results for the third quarter ended September 30, 2013. The Company previously furnished an operations update and reported sales volumes in a news release on October 22, 2013.
Highlights: Q3-13 oil and gas sales of $300 million, 167% increase from Q3-12 and 73% increase from Q2-13 Q3-13 adjusted EBITDA of $214 million, 140% growth from Q3-12 and a 63% increase from Q2-13 Financial ResultsFor the third quarter-ended September 30, 2013, the Company reported oil and gas sales of $299.6 million, as compared to $112.1 million during the same period in 2012 and $173.5 million in the second quarter 2013, representing increases of 167% and 73%, respectively. For the nine-month period ended September 30, 2013 Kodiak reported oil and gas sales…
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