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Stock Market & Financial Investment News

News Breaks
February 28, 2013
16:14 EDTKOGKodiak Oil & Gas reports Q4 EPS 12c, consensus 13c
Reports Q4 revenue $130.8M, consensus $140.29M. Net income forQ4 includes an unrealized loss of $5.3M related to the mark-to-market of derivative instruments used for commodity hedging and $4.9M in deferred income tax expense. The net effect of the non-cash hedging activities and non-cash deferred income tax expense decreased Kodiak's reported net income for Q4 by 4c per diluted share.
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