• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

ATP Oil & Gas Annual Revenue Up

Posted on: Tuesday, 4 March 2008, 03:00 CST

ATP Oil & Gas has reported that revenue from oil and gas production totaled $599.3 million for 2007, compared to $414.2 million for 2006.

The company reported that revenue from oil and gas production totaled $205.7 million for the fourth quarter of 2007, compared to $127.2 million for the fourth quarter of 2006.

Oil and gas production increased 26% to 64 billion cubic feet equivalent (bcfe) for 2007, compared to 50.9bcfe for 2006. Oil and gas production increased 31% to 20.2bcfe in the fourth quarter of 2007, compared to 15.4bcfe in the fourth quarter of 2006.

ATP Oil & Gas recorded net income available to common shareholders of $48.6 million or $1.58 per basic and $1.55 per diluted share for 2007, compared to a net loss available to common shareholders of $39.3 million or $1.33 per basic and $1.33 per diluted share for 2006.

The company recorded net income available to common shareholders of $12.7 million or $0.39 per basic and $0.38 per diluted share for the fourth quarter of 2007, compared to a net loss available to common shareholders of $37 million or $1.24 per basic and $1.24 per diluted share for the fourth quarter of 2006.

Source: Datamonitor

More News in this Category