Quicksilver Resources Inc. (KWK) reported third-quarter net income of $0.7 million or breakeven per share, compared to a net loss of $3.8 million or $0.02 per share in the prior-year period.
Adjusted net income for the quarter was $42.7 million or $0.25 per share, compared to adjusted net income of $69.8 million or $0.40 per share in the 2008 period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $206.66 million, down from $236.26 million in the prior year quarter. Fourteen analysts had consensus revenue estimate of $206.01 million for the quarter for the quarter.
Fourth-quarter 2009 production volumes are expected to average in the range of 330 MMcfe to 340 MMcfe per day.
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