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Article: Talisman Energy Reports $838 Million Cash Flow in Third Quarter; Adds 170,000 Acres of Land in Pennsylvania Marcellus & Montney Shale Expanded Exploration Position in Papua New Guinea.
- Article from:
- Marketwire Canada
- Article date:
- November 3, 2009
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CALGARY, ALBERTA, Nov 3, 2009 (Marketwire via COMTEX) -- Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported its operating and financial results for the third quarter of 2009.
- Cash flow(1) during the quarter was $838 million, a decrease from $1.7 billion a year ago, primarily due to lower prices. Year-to-date cash flow was $3 billion.
- Net income was $30 million, down from $1.4 billion a year earlier, also driven by lower commodity prices and the impact of prior year hedging gains.
- Earnings from continuing operations were $155 million, compared to $125 million in the second quarter and $654 million in the third quarter of 2008.
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