|
|
|
|
1994 SECOND QUARTER REPORT
Consolidated Statements of Income
(Unaudited)
(In Thousands Except Income Per Share)
|
Three Months |
|
Six Months |
|
Ended June 30, |
|
Ended June 30, |
|
|
|
|
|
1994 |
1993 |
|
1994 |
1993 |
| Revenues: |
| Oil and gas sales |
$ 4,662 |
$ 3,985 |
|
$ 9,479 |
$ 7,488 |
| Earned interests
and fees from limited |
|
|
|
|
|
|
partnerships and joint ventures |
883 |
851 |
|
992 |
1,688 |
| Supervision fees |
952 |
1,021 |
|
1,895 |
1,796 |
| Interest income |
2 |
8 |
|
21 |
21 |
| Other, net |
257 |
147 |
|
508 |
344 |
|
------------- |
------------- |
|
------------- |
------------- |
|
6,756 |
6,012 |
|
12,895 |
11,337 |
|
------------- |
------------- |
|
------------- |
------------- |
| Costs and Expenses: |
| Oil and gas
production |
1,218 |
1,089 |
|
2,360 |
2,200 |
| General and
administrative, net |
1,221 |
1,389 |
|
2,416 |
2,601 |
| Depreciation,
depletion and amortization |
2,352 |
1,790 |
|
4,642 |
3,381 |
| Interest expense |
402 |
--- |
|
761 |
--- |
|
------------- |
------------- |
|
------------- |
------------- |
|
5,193 |
4,268 |
|
10,179 |
8,182 |
|
------------- |
------------- |
|
------------- |
------------- |
| Income Before Income Taxes |
1,563 |
1,744 |
|
2,716 |
3,155 |
| Provision for Income Taxes |
423 |
523 |
|
761 |
946 |
|
------------- |
------------- |
|
------------- |
------------- |
| Net Income |
$1,140 |
$1,221 |
|
$1,955 |
$2,209 |
|
------------- |
------------- |
|
------------- |
------------- |
| Per Share Amounts-- |
| Primary |
$0.19 |
$0.20 |
|
$0.33 |
$0.37 |
| Fully diluted |
$0.17 |
$0.20 |
|
$0.31 |
$0.37 |
|
------------- |
------------- |
|
------------- |
------------- |
| Weighted Average Shares Outstanding |
6,023 |
5,986 |
|
6,012 |
5,980 |
|
------------- |
------------- |
|
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------------- |
This page was last updated on Saturday, February 08, 2003, at 07:45:43 PM.
Copyright © 1994-2009 by Swift Energy Company.
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