Finance & Investing | Quarterly / Earnings Reports | Capital Markets
PetroQuest Reports Net Loss in 2012
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PetroQuest Energy Inc. reported a net loss available to common stockholders for the quarter ended December 31, 2012 of $25,451,000, or $0.41 per share, compared to fourth quarter 2011 net income available to common stockholders of $2,830,000, or $0.04 per share.
For the year ended December 31, 2012, the Company reported a net loss available to common shareholders of $137,218,000, or $2.20 per share, compared to net income available to common shareholders of $5,409,000, or $0.08 per share, for the year ended December 31, 2011. Net loss for the three and twelve months ended December 31, 2012 included ceiling test writedowns totaling $28,113,000 and $137,100,000, respectively.
Discretionary cash flow for the fourth quarter of 2012 was $20,393,000 as compared to $20,176,000 for the…
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