Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/swift-energy-declares-13-increase-in-third-quarter.shtmlSwift Energy declares 13% increase in third quarter 2012 production
Swift Energy Company reported that earnings from continuing operations of $3.1 million for the third quarter of 2012
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Swift Energy Company reported that earnings from continuing operations of $3.1 million for the third quarter of 2012, or $0.07 per diluted share, a decrease of 82% when compared to third quarter 2011 earnings from continuing operations of $17.0 million, or $0.39 per diluted share, and an increase of 3% when compared to earnings of $3.0 million in the second quarter of 2012.
Adjusted cash flow (cash flow before working capital changes, a non-GAAP measure - see page 7 for reconciliation to the GAAP measure) for the third quarter of 2012 decreased 21% to $71.2 million, or $1.66 per diluted share, compared to $90.0 million, or $2.11 per diluted share, for the third quarter 2011, and decreased 2% when compared to adjusted cash flow of $72.7 million, or $1.69 per diluted share, for the second quarter of 2012.
