Thursday, February 24, 2011

BEXP Quadruples Net Income Year-Over-Year -- After-Tax Earnings Quintuples

BEXP reported net income for 4Q10 was $13.8 million ($0.12 per diluted share) versus net income of $2.5 million ($0.03 per diluted share) for the same period last year.

BEXP's after-tax earnings in 4Q10 excluding the loss on the early redemption of our Senior Notes due 2014 and unrealized mark-to-market hedging losses were $25.4 million ($0.21 per diluted share) as compared to our after-tax earnings in the fourth quarter 2009 excluding our unrealized mark-to-market hedging losses were $3.8 million ($0.04 per diluted share). 

Link here.