Quicksilver Resources (KWK) Reports In-Line Q2 EPS, Offers Guidance

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August 5, 2014 8:26 AM EDT

Quicksilver Resources, Inc. (NYSE: KWK) reported Q2 EPS of ($0.07), in-line with the analyst estimate of ($0.07). Revenue for the quarter came in at $118 million versus the consensus estimate of $107.82 million.

Third-quarter 2014 Guidance

Third-quarter 2014 total company average daily production volume is expected to be 245 - 250 MMcfe per day. Average daily production volumes are expected to consist of 85% natural gas and 15% natural gas liquids and crude oil. Projected third-quarter volumes are negatively impacted by approximately 5 MMcf per day, on average, due to a planned, nonconsecutive two-week outage at a third-party treating facility in the Horn River Basin.

Full-year 2014 production continues to be expected at an average of 245 - 255 MMcfe per day.

For the third quarter of 2014, expected costs, on an Mcfe basis, are as follows:

Per Mcfe
Lease operating expense$0.83 - $0.86
Gathering, processing & transportation$1.52 - $1.54
Production and ad-valorem taxes$0.16 - $0.18
General & administrative$0.55 - $0.58
Depletion, depreciation & accretion$0.63 - $0.66

For earnings history and earnings-related data on Quicksilver Resources, Inc. (KWK) click here.


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