For Investors Only: Newfield Beats By A Penny

Corporate press release:

For the first quarter, the Company posted a net loss of $8 million, or $0.06 per diluted share (all per share amounts are on a diluted basis). Net income for the first quarter includes a net unrealized loss on commodity derivatives of $111 million ($69 million after-tax), or $0.51 per share. Without the impact of this item, net income for the first quarter of 2013 would have been $61 million, or $0.45 per diluted share.

Another indication of the "2013 Helms' surge"?

Record wells completed in the Williston Basin with average gross 24-hour initial production rates of more than 3,100 boepd in the Bakken formation. Completions in the Three Forks formation yielded average gross 24-hour initial production rates of approximately 2,400 boepd. Company raised its 2013 year-over-year production growth estimate to 25% compared to original estimate of 15%.