News Breaks |
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| March 15, 2013 |
| 17:40 EDT |  | KWK | Quicksilver Resources says restatement to increase FY12 net income by $133M
Quicksilver Resources disclosed in a regulatory filing that derivatives, previously recognized as hedges, needed statement to reflect the changes in fair value in earnings. The estimated aggregate impact to 2012 income (before income taxes was to improve that amount by $199M and to reduce the income tax benefit by $66M, which yield an overall increase to net income of $133M. None of these matters impact the previously reported totals for cash flows from operating activities, investing activities or financing activities. None of the matters impact compliance with the financial covenants associated with the company's senior secured credit facility. Effective December 31, 2012, the company discontinued the use of hedge accounting on all its derivatives. |
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News For KWK From The Last 14 Days Check below for free stories on KWK the last two weeks. |
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| May 16, 2013 |
| 17:21 EDT | | KWK | WhiteWave 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. |
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| 08:33 EDT | | KWK | Quicksilver Resources Chairman Thomas Darden to retire
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| May 7, 2013 |
| 07:36 EDT | | KWK | Quicksilver Resources sees FY13 average production volume 290-300 MMcfe/day
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| 07:35 EDT | | KWK | Quicksilver Resources sees Q2 average daily production volume 282-288 MMcfe/day
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| 07:34 EDT |  | KWK | Quicksilver 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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