PetroQuest Energy (PQ) Reports Q1 Loss Per Share of 58c
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PetroQuest Energy Announces First Quarter 2016 Results
May 2, 2016 4:30 PM EDTLAFAYETTE, La., May 2, 2016 /PRNewswire/ -- PetroQuest Energy, Inc. (the "Company") today announced a net loss to common stockholders for the quarter ended March 31, 2016 of $39,137,000, or $0.58 per share, compared to first quarter 2015 net loss to common stockholders of $122,240,000, or $1.89 per share. The net losses for the first quarters of 2016 and 2015 included non-cash ceiling test write-downs totaling $18,857,000 and $108,911,000, respectively.Â
Discretionary cash flow for the first quarter of 2016 was $(2,210,000), as compared to $10,606,000 for the comparable 2015 period. See the attached schedule for a reconciliation of net cash flow provided by operating activities to discretionary cash flow.
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