Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Deals - Acquisition, Mergers, Divestitures
Warren Finalizes Marcellus Deal, Updates 2Q Gas, CBM Ops
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Warren Resources, Inc. reported its second quarter 2014 financial and operating results.
Warren reported net income of $10.8 million, or $0.15 per basic and diluted share, compared to net income of $9.2 million, or $0.13 per basic and diluted share for the second quarter of 2013.
Highlights: Announced $352.5 Million Marcellus Acquisition Total Revenue Increases 14% to $35.0 Million Net income Increases 17% to $10.8 Million, or $0.15 per Diluted Share Oil Production Increases 8% to approximately 281,000 barrels Gas Production Increases 2% to approximately 1.63 Bcf EBITDA* Increases 1% to $21.9 MillionWarren's adjusted net income* for the second quarter of 2014 was $8.8 million, or $0.12 per diluted share, compared to adjusted net income of $5.5 million, or $0.08 per diluted share, for…
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