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Article: Energen Earns $0.65 per Diluted Share in Third Quarter 2009.
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
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Energen Corporation (NYSE: EGN) reported that consolidated net income in the third quarter of 2009 totaled $47.1 million, or $0.65 per diluted share, as compared with $73.1 million, or $1.01 per diluted share, in the third quarter of 2008. Included in current-year third quarter results is a one-time gain of $3.1 million, or $0.04 per diluted share, generated by the sale of a small, non-operated Permian Basin property by Energen Resources Corporation, the company's oil and gas exploration and production subsidiary. 3Q09 vs 3Q08: Energen Resources' substantial hedge position, 12 percent increase in production and 25 percent decrease in per-unit lease operating expense (LOE) ...