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Stock Market & Financial Investment News

News Breaks
March 15, 2013
17:28 EDTKWKQuicksilver Resources to restate Q1, Q2, Q3 results from FY12
Quicksilver Resources disclosed in a regulatory filing that on March 15 the audit committee of the board, after consultation with management, concluded that our previously-filed condensed consolidated financial statements contained in our quarterly reports for the periods ended March 31, 2012, June 30, 2012, and September 30, 2012, should be restated and should no longer be relied upon due to non‑cash related errors to derivative accounting treatment. The company expects to file its 2012 Form 10-K during the week of March 18, which will include restated financial statements as of and for each of the interim reporting periods.
News For KWK From The Last 14 Days
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May 16, 2013
17:21 EDTKWKWhiteWave Foods to be added to S&P 400; Quicksilver Resources deleted on 5/23
Quicksilver Resources (KWK) is ranked 400th in the S&P MidCap 400 and is no longer representative of the midcap market space.
08:33 EDTKWKQuicksilver Resources Chairman Thomas Darden to retire
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May 7, 2013
07:36 EDTKWKQuicksilver Resources sees FY13 average production volume 290-300 MMcfe/day
07:35 EDTKWKQuicksilver Resources sees Q2 average daily production volume 282-288 MMcfe/day
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07:34 EDTKWKQuicksilver Resources reports Q1 adjusted EPS (4c), consensus (1c)
Reports Q1 production revenue $132.6M, total revenue $118.7M, consensus $147.66M. Reports Q1 production 32.2 Bcfe, or an average of 358 million cubic feet of natural gas equivalent per day.

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