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Article: HS Resources Announces First Quarter Results; Cites Strong Positive Comparisons In Per Share Results
- Article from:
- PR Newswire
- Article date:
- April 29, 1997
CopyrightCOPYRIGHT 1997 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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SAN FRANCISCO, April 29 /PRNewswire/ -- HS Resources, Inc. (NYSE: HSE) today announced its operating and financial results for the quarter ended March 31, 1997. The Company earned $4.4 million ($0.25/share) compared to $0.2 million ($0.02/share) for the comparable prior year period. The Company's operating cash flow increased 204 percent, to $19.5 million ($1.11/share) from $6.4 million ($0.58/share). First quarter oil and gas revenues were up 163 percent, to $36.0 million in 1997, from $13.7 million reported in 1996, and production doubled to 2.2 million barrels of oil equivalent (MMBoe), from 1.1 MMBoe. From the first quarter of 1996 to the first quarter of 1997, ...
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