PetroQuest Energy (PQ) Reports Q3 Losss of $1.31/Share
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PetroQuest Energy Announces Third Quarter 2016 Results; Updates East Texas Joint Venture, Operations, Liquidity And Hedging
October 31, 2016 4:01 PM EDTLAFAYETTE, La., Oct. 31, 2016 /PRNewswire/ -- PetroQuest Energy, Inc. (the "Company") today announced a loss available to common stockholders for the quarter ended September 30, 2016 of $23,306,000, or $1.31 per share, compared to third quarter 2015 loss available to common stockholders of $51,910,000, or $3.19 per share. For the first nine months of 2016, the Company reported a loss available to common stockholders of $86,586,000, or $4.97 per share, compared to a loss available to common stockholders of $235,233,000, or $14.50 per share, for the 2015 period. The losses during the quarter and nine months ended September 30, 2016 and September 30, 2015 included non-cash ceiling test write-downs totaling $8,665,000 and $40,304,000, respectively, and $40,212,000 and $214,618,000, respectively.... More
