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Article: EPL Reports Third Quarter 2009 Financial and Operational Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 9, 2009
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NEW ORLEANS -- Energy Partners, Ltd. ("EPL" or the "Company") (NYSE:EPL) today reported financial and operational results for the period ended September 30, 2009, reflecting the reorganization accounting rules applied in connection with its emergence from bankruptcy on September 21, 2009 pursuant to its plan of reorganization (the "Plan"). EPL reported net income of $29.4 million for the third quarter of 2009. Results for the third quarter of 2009 included expenses of $11.6 million from reorganization items, a loss on discharge of debt of $2.7 million, and fresh-start adjustments totaling a gain of $57.1 million. Without these adjustments, the reported net income of $29.4 ...