Last $1.32 USD
Change Today +0.125 / 10.50%
Volume 6.4M
KWK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:25 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

quicksilver resources inc (KWK) Snapshot

Open
$1.23
Previous Close
$1.19
Day High
$1.36
Day Low
$1.23
52 Week High
02/21/14 - $3.67
52 Week Low
08/15/14 - $1.03
Market Cap
236.7M
Average Volume 10 Days
3.4M
EPS TTM
$-0.45
Shares Outstanding
180.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for QUICKSILVER RESOURCES INC (KWK)

quicksilver resources inc (KWK) Related Businessweek News

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quicksilver resources inc (KWK) Details

Quicksilver Resources Inc., an independent oil and gas company, is engaged in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil in North America. The company focuses primarily on unconventional reservoirs, such as fractured shales and coal beds. It owns producing oil and natural gas properties principally in Texas, as well as in Alberta and British Columbia, Canada. The company’s principal properties include the Barnett Shale covering an area of approximately 85,000 net acres located in the northern part of the Fort Worth Basin; Horn River comprising approximately 130,000 net acres situated in the Horn River basin of northeast British Columbia; and Horseshoe Canyon consisting of approximately 353,000 net acres located in the Horseshoe Canyon, Alberta. As of December 31, 2013, it had total proved reserves of approximately 1.3 trillion cubic feet of natural gas equivalents. The company was founded in 1997 and is headquartered in Fort Worth, Texas.

338 Employees
Last Reported Date: 03/18/14
Founded in 1997

quicksilver resources inc (KWK) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $455.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $422.4K
Senior Vice President of U S Operations
Total Annual Compensation: $416.6K
Senior Vice President and Chief Operating Off...
Total Annual Compensation: $395.4K
Vice President of Human Resources and Directo...
Total Annual Compensation: $264.4K
Compensation as of Fiscal Year 2013.

quicksilver resources inc (KWK) Key Developments

Quicksilver Resources Inc. Reports Unaudited Consolidated Earnings Results and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third-Quarter of 2014; Provides Production and Capital Budget Guidance for the Full Year of 2014

Quicksilver Resources Inc. reported unaudited consolidated earnings results and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of USD 118.032 million compared to USD 175.497 million a year ago. Operating income was USD 13.536 million compared to USD 394.894 million a year ago. Loss before income taxes was USD 32.726 million compared to income before income tax of USD 247.724 million a year ago. Net loss was USD 36.095 million compared to net income of USD 242.523 million a year ago. Basic and diluted loss per share was USD 0.21 compared to basic and diluted earnings per share of USD 1.37 a year ago. Adjusted net loss was USD 11.478 million or USD 0.07 per share compared to USD 10.781 million or USD 0.06 a year ago. The company incurred approximately USD 37 million of costs related to the capital program in the second quarter of 2014, of which USD 17 million was for drilling and completion activities, USD 14 million for leasehold and USD 6 million for capitalized costs. For the quarter, the reported average daily production of natural gas of 215.8 MMcfd compared to 241.2 MMcfd a year ago. Average daily production of NGL was 6,380 Bbld compared to 7,097 Bbld a year ago. Average daily production of oil was 174 Bbld compared to 584 Bbld a year ago. Total average daily production was 255.2 MMcfd compared to 287.3 MMcfd a year ago. For the six months, the company reported revenue of USD 209.818 million compared to USD 294.201 million a year ago. Operating income was USD 2.482 million compared to operating income of USD 391.022 million a year ago. Loss before income taxes was USD 88.908 million compared to income before income tax of USD 194.915 million a year ago. Net loss was USD 94.928 million compared to net income of USD 182.818 million a year ago. Basic and diluted loss per share was USD 0.55 compared to basic and diluted earnings per share of USD 1.04 a year ago. Net cash used in operating activities was USD 0.763 million compared to net cash used in operating activities of USD 78.106 million a year ago. Capital expenditures were USD 87,992,000 compared to USD 55,849,000 for the same period last year. Adjusted net loss was USD 25.622 million or USD 0.15 per share compared to USD 19.342 million or USD 0.11 a year ago. For the six months, the reported average daily production of natural gas of 211.4 MMcfd compared to 268.2 MMcfd a year ago. Average daily production of NGL was 6,344 Bbld compared to 8,378 Bbld a year ago. Average daily production of oil was 198 Bbld compared to 636 Bbld a year ago. Total average daily production was 250.6 MMcfd compared to 322.2 MMcfd a year ago. For third-quarter 2014 total company average daily production volume is expected to be 245 - 250 MMcfe per day. Average daily production volumes are expected to consist of 85% natural gas and 15% natural gas liquids and crude oil. Projected third-quarter volumes are negatively impacted by approximately 5 MMcf per day, on average, due to a planned, nonconsecutive two-week outage at a third-party treating facility in the Horn River Basin. Full-year 2014 production continues to be expected at an average of 245 - 255 MMcfe per day. For full-year capital spending is now expected to be in the range of USD 130 million to USD 135 million.

Quicksilver Resources Inc. to Report Q2, 2014 Results on Aug 05, 2014

Quicksilver Resources Inc. announced that they will report Q2, 2014 results at 10:00 AM, Central Standard Time on Aug 05, 2014

Quicksilver Resources Inc., Q2 2014 Earnings Call, Aug 05, 2014

Quicksilver Resources Inc., Q2 2014 Earnings Call, Aug 05, 2014

 

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