Provident Energy Trust (PVX, PVE_U.TO) reported that net income for the third quarter plunged to C$51.66 million or C$0.20 per unit from C$351.11 million or C$1.29 per unit in the prior year.
Quarterly funds flow from continuing operations declined to C$54.87 million or C$0.21 per unit from C$139.98 million or C$0.51 per unit last year.
Revenue from continuing operations for the quarter was C$465.43 million, down 58% from C$1.10 billion a year earlier.
The company also announced November cash distribution of C$0.06 per unit is payable on December 15, 2009 and will be paid to unit holders of record as of November 24, 2009.
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