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Thursday, May 5, 2011

Petrohawk Energy Topped Q1 Estimates, Top Line Up 12% YoY

Petrohawk Energy Topped Q1 Estimates, Top Line Up 12% YoY



May 5, 2011

Petrohawk Energy (NYSE:HK) reported Q1 EPS of $0.15, ahead of consensus estimates of $0.14 per share. Revenues for the quarter rose 12.3% year-over-year to $491.7 million, ahead of consensus estimates of $475.7 million.

The company said that production during the quarter was 17,815 BOE/d, up 3% from Q4 2010 and down 2% from Q1 2010 production.

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