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Interim Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2012
Interim Financial Information (Unaudited) [Abstract]  
Interim Financial Information (Unaudited)

(14) Interim Financial Information (Unaudited)

The following tables summarize our consolidated unaudited interim financial information for the years ended December 31, 2012 and 2011.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31

 

June 30

 

September 30

 

December 31 (1)

 

 

(In thousands, except per share data)

2012

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

98,796 

 

$

99,270 

 

$

86,668 

 

$

138,899 

Costs and expenses

 

 

71,501 

 

 

68,071 

 

 

67,379 

 

 

86,235 

Income from operations

 

 

27,295 

 

 

31,199 

 

 

19,289 

 

 

52,664 

Net income (loss)

 

 

1,503 

 

 

35,401 

 

 

(2,247)

 

 

24,153 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.04 

 

$

0.90 

 

$

(0.06)

 

$

0.62 

Diluted

 

 

0.04 

 

 

0.90 

 

 

(0.06)

 

 

0.61 

 

 

(1)    Includes the results of operations of the Hilcorp Properties, which we acquired on October 31, 2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31 (1)

 

June 30

 

September 30

 

December 31

 

 

(In thousands, except per share data)

2011

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

67,249 

 

$

92,830 

 

$

84,884 

 

$

103,364 

Costs and expenses

 

 

60,175 

 

 

61,571 

 

 

69,232 

 

 

90,223 

Income from operations

 

 

7,074 

 

 

31,259 

 

 

15,652 

 

 

13,141 

Net income (loss)

 

 

(14,509)

 

 

25,003 

 

 

23,458 

 

 

(7,341)

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.36)

 

$

0.62 

 

$

0.59 

 

$

(0.19)

Diluted

 

 

(0.36)

 

 

0.62 

 

 

0.58 

 

 

(0.19)

 

(1)    Included in net income (loss) for the three months ended March 31 is the loss on extinguishment of debt of $2.4 million resulting from writing off the unamortized deferred financing costs associated with our terminated amended prior credit facility.