Brigham Exploration Co (BEXP) reported third quarter net income of $491 thousand or $0.01 per share, compared to $15.26 million or $0.33 per share last year.
On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share. Analysts' estimates typically exclude special items.
Total revenue declined to $19.87 million from $47.19 million in the year ago quarter. Thirteen analysts estimated revenues of $18.67 million.
The company currently anticipates fourth quarter 2009 production volumes to average between 4,700 barrels of oil equivalent per day to 5,200 barrels of oil equivalent per day. The company currently anticipates that oil volumes will comprise approximately 54% of total production volumes for the fourth quarter 2009.
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