Article: HS Resources Announces Third Quarter Results; Provides Operational Update.

Article from:: PR Newswire
Article date:: November 10, 1998

SAN FRANCISCO, Nov. 10 /PRNewswire/ -- HS Resources, Inc. (NYSE: HSE) today announced its operating and financial results for the quarter ended September 30, 1998. For the quarter, the Company reported a net loss of $1.44 million, or $0.08 per share, on production revenues of $32.9 million compared to net income of $1.56 million, or $0.09 per share, on production revenues of $31.7 million for the comparable prior year period. The decline was due in part to the effects of lower product pricing and to temporary conditions on gas gathering systems in the Denver-Julesburg (D-J) Basin limiting the amount of gas which the Company could transport. Operating cash flow was $14.8 ...

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