Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
PetroQuest Tags Production Increase at Year-End 2013
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PetroQuest Energy, Inc. reported net income available to common stockholders for the quarter ended December 31, 2013 of $2,291,000, or $0.04 per share, compared to fourth quarter 2012 net loss available to common stockholders of $25,451,000, or $0.41 per share.
For the year ended December 31, 2013, the Company reported net income available to common shareholders of $8,943,000, or $0.14 per share, compared to net loss available to common shareholders of $137,218,000, or $2.20 per share, for the year ended December 31, 2012. 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.
During July 2013, the Company closed the acquisition of certain properties located in the Gulf of Mexico for an…
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