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Article: Mariner Energy Reports Record Quarterly Financial and Operational Results.
- Article from:
- PR Newswire
- Article date:
- August 7, 2008
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Copyright informationCOPYRIGHT 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 274% and EPS up 266%
Quarterly revenues and production up 102% and 48%, respectively
HOUSTON, Aug. 7 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. today reported record quarterly revenues, income and production for the three-month period ended June 30, 2008. Net income for second quarter 2008 was $123.4 million, an increase of 274% compared with the same period of 2007. Fully-diluted earnings per share (EPS) were $1.39, up 266% from $0.38 fully-diluted EPS reported for the second quarter 2007. Other financial and operational highlights for second quarter 2008 include:
-- Total revenues increased to $429.5 million, up from the $213.1 million
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