2000 SECOND QUARTER REPORT 

 
Consolidated Statements of Income

(Unaudited)
(In Thousands Except Income Per Share)

       Three Months        Six Months
       Ended June 30,        Ended June 30,
2000 1999 2000 1999
Revenues:
    Oil and gas sales $ 45,503 $ 23,573 $ 82,687 $ 44,668
    Fees from limited partnerships and joint ventures 76 57 119 100
    Interest income 371 10 639 23
    Other, net 177 289 430 626
------------- ------------- ------------- -------------
46,127 23,929 83,875 45,417
------------- ------------- ------------- -------------
Costs and Expenses:
    Oil and gas production 6,888 4,131 13,032 8,551
    General and administrative, net 1,460 1,185 2,608 2,294
    Depreciation, depletion, and amortization 11,551 10,478 23,022 21,227
    Interest expense, net 4,010 3,349 8,076 6,653
------------- ------------- ------------- -------------
23,909 19,143 46,738 38,725
------------- ------------- ------------- -------------
Income Before Income Taxes 22,218 4,786 37,137 6,692
Provision for Income Taxes 8,005 1,634 13,334 2,258
------------- ------------- ------------- -------------
Net Income $14,213 $3,152 $23,803 $4,434
------------- ------------- ------------- -------------
Per Share Amounts--
    Basic $0.68 $0.20 $1.14 $0.27
------------- ------------- ------------- -------------
    Diluted $0.61 $0.20 $1.04 $0.27
------------- ------------- ------------- -------------
Weighted Average Shares Outstanding 21,008 16,152 20,928 16,154
------------- ------------- ------------- -------------

 

 

This page was last updated on Saturday, February 08, 2003, at 07:45:49 PM.

Copyright © 1994-2008 by Swift Energy Company.
Click here to go to our home page or search page.
Please note the terms of use for the Swift Energy web site.
If you have comments or questions, see our feedback or requests pages.
Contact Swift Energy Company Stockholder Relations through e-mail info@swiftenergy.com or telephone (281) 874-2700.