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Article: Talisman Energy Reports $1.2 Billion Cash Flow for the Third Quarter Record Production, Record Earnings from Operations.
- Article from:
- Business Wire
- Article date:
- November 2, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, Alberta -- Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) today reported its operating and financial results for the first nine months of 2005.
Cash flow(a) during the third quarter was $1,251 million ($3.41/share), compared to $993 million ($2.70/share) in the previous quarter and $706 million ($1.84/share) a year earlier. Cash flow was up 77% compared to the third quarter of last year on both higher prices and volumes. Cash flow to September 30 was $3,204 million ($8.69/share), compared to $2,237 million ($5.82/share) a year ago.
Net income during the quarter was $430 million ($1.17/share) compared to $122 million ($0.32/share) a year ago and ...