Petrohawk Energy Corp. (HK) reported that its third-quarter net loss available to common stockholders was $40.18 million or $0.14 per share, compared to net income of $305.47 million or $1.28 per share in the same quarter last year. Net income per share of common stock, excluding selected items, for the quarter were $0.11, down from $0.19 in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter were $237.94 million, compared to $304.96 million in the prior year quarter. Fourteen analysts had consensus revenue estimate of $305.02 million for the quarter.
Production guidance for 2010 is being increased to between 665 and 685 Mmcfe/d, which represents a 43% pro forma increase over 2009, taking into account the sale of the Permian Basin properties.
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