PetroQuest Energy (PQ) Misses Q2 EPS by 79c

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PetroQuest Energy Announces Second Quarter Results; Updates Liquidity Status, Hedging And Operations

August 3, 2015 4:01 PM EDT

LAFAYETTE, La., Aug. 3, 2015 /PRNewswire/ -- PetroQuest Energy, Inc. (the "Company") announced a net loss to common stockholders for the quarter ended June 30, 2015 of $61,083,000, or $0.94 per share, compared to second quarter 2014 net income available to common stockholders of $9,592,000, or $0.15 per share. For the first six months of 2015, the Company reported a net loss to common stockholders of $183,323,000, or $2.83 per share, compared to net income available to common stockholders of $19,635,000, or $0.30 per share, for the 2014 period. The net losses for the 2015 periods included non-cash ceiling test write-downs totaling $65,495,000 and $174,406,000 during the second quarter of 2015 and first six months of 2015,... More