Originally published Friday, November 6, 2009 at 2:41 PM
Comments (0)
E-mail article
Print view
Share
Rosetta Resources swings to 3Q profit
Rosetta Resources Inc. said Friday its revenue fell by nearly half due to lower natural gas prices.
The Associated Press
Rosetta Resources Inc. said Friday its revenue fell by nearly half due to lower natural gas prices.
The exploration and production company said it earned $5.7 million, or 11 cents per share, in the quarter ended Sept. 30. That compared with a loss of $99.4 million, or $1.96 per share, in the same period last year, when it took a charge of $129.1 million to write down oil and gas properties.
Revenue was $64.5 million compared with $130 million a year ago.
Analysts surveyed by Thomson Reuters expected the company to earn 10 cents per share last quarter on revenue of $63.7 million.
Production fell 14 percent, mostly due to declines in the Gulf of Mexico and off the Texas shore. But realized gas prices fell by nearly half, further depressing revenue.
Rosetta shares rose 8 cents to $14.15 in regular trading, then fell 30 cents, or 2.1 percent, to $13.85 in extended trading after release of the financial results.
E-mail article
Print view
Share
Nintendo re-enlists Mario, savior of video-game industry
Verizon-Frontier deal stirs concern among consumers
Brier Dudley: 'Guitar Hero' founder excited about future
Gaps for consumers in Democrat health care bills
Hutch gets $10M from Bezos family for immunotherapy research
More Business & Technology headlines...
Real Salt Lake wins MLS Cup
Real Salt Lake defeated the Los Angeles Galaxy with penalty kicks after 120 minutes of play at Qwest Field in Seattle.
Raw Video | Real Salt Lake receives the MLS Cup trophy
Raw Video | Real Salt Lake fans celebrate
Real Salt Lake fans enter Qwest Field
Raw Video | MLS Cup Opening Ceremony
LA Galaxy's David Beckham
Real Salt Lake's Kyle Beckerman
MLS trophy arrives in Seattle
Chittenden Locks Inspection
Full interview with New Moon actors
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
Open Houses
|
Find this weekend's open house listings.
Or search by location:
|
nwautos
Local riders say they've seen a surge in scooter interest in recent years, mostly from people wanting another commuting option. Seattle now ranks as o...
Post a comment
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
Do you suffer from "sitting disease"?
Post a comment
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Tugboat sinks at Seattle waterfront pier
- Illegal workers quietly let go
- Child-support error costs nearly $21,000
- Vikings easily beat the Seahawks
- Craigslist adoption ad: A plea by young mother-to-be? A scam?
- Chase shrugs off loss of CD investors
- Woman stabbed by stranger in North Seattle
- Snow piles up on Cascade slopes
- Denny Triangle gains skyline, but tenants slow to come
- Illegal workers quietly let go 322
- Climate change speeds up since 1997 Kyoto accord 200
- Vikings easily beat the Seahawks 170
- Metro won't cut bus service after all 133
- Historic health care bill clears Senate hurdle 93
- Tattoos at Mill Creek Church pierce skin, soul 78
- New Husky recruit: Enes Kanter 73
- Jerry Brewer: Seahawks can't lean on the Hutch Crutch now 69
- UW, WSU once again meet to see who's worse 63
- Ranking the Pac 53
- Sprouts, raw fish on attorney's 'do not eat' list
- Tattoos at Mill Creek church pierce skin, soul
- Illegal workers quietly let go
- Food-safety lawyer's wish: Put me out of business
- Rediscovering Moab, 'the most beautiful place on Earth'
- It's possible to recover a life lost to hoarding
- Child-support error costs nearly $21,000
- Architects, chefs find 'kid' within to build Gingerbread Village
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Taste | The Great Pie Bake-off pits friends and fruit
