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Article: Mariner Energy Reports 2008 First-Quarter Earnings Results and Operational Highlights.
- Article from:
- PR Newswire
- Article date:
- May 7, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. 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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- Net income up 89% and fully-diluted earnings per share up 82% compared with first quarter 2007
- Revenues increased 49% compared with same period a year ago
- Period-over-period average daily production up 22%
HOUSTON, May 6 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. today reported record quarterly revenues, income and production for the three-month period ended March 31, 2008. Net income for the 2008 first quarter was $72.1 million, an increase of 89% compared with the same period of 2007. Fully-diluted earnings per share (EPS) were $0.82, up 82% from $0.45 fully-diluted EPS reported for the first quarter 2007. Other financial and ...