What 99% Of Readers Were Waiting For: KOG Operational / Earnings 4Q13 And Full Year; 2013 .... For The Other 1%, SandRidge Also Releases Results

Press release here for KOG.

For the fourth quarter ended December 31, 2013, the company reported oil and gas sales of $266.5 million, as compared to $130.8 million during the same period in 2012, an increase of 104%.

Kodiak reported an overall 98% increase in quarter-over-quarter equivalent sales volumes with an average of 36,100 boepd during the fourth quarter 2013, as compared to 18,200 boepd in the same period in 2012.

Kodiak reported net cash provided by operating activities during the fourth quarter 2013 of $168.1 million, as compared to $69.4 million during the same period in 2012. 

Kodiak reported net cash provided by operating activities during 2013 of $553.6 million, as compared to $272.7 million in 2012.

For the fourth quarter 2013, the company reported net income  $0.17 per diluted share, compared to a net gain of $0.12 per diluted share, for the same period in 2012.

Kodiak reported record net income for the full year 2013 of $141.4 million, or $0.53 per diluted share, compared to net income of $131.6 million, or $0.49 per diluted share, for 2012.

Press release for SandRidge (SD):

• 4Q13 -- 3 cents vs 6 cents 4Q12
• Full year, 2013 -- 18 cents vs 23 cents for the full year 2012