InvestorsHub Logo

Timothy Smith

08/12/12 3:23 PM

#12 RE: Ichauway #11

Rosetta's second-quarter report boasted a 25% year-over-year increase in total production, led by a 61% increase in liquids production.

This was a 6% increase over the prior quarter's production in the Eagle Ford shale, which drives 96% of Rosetta's total production; however, it was a 1% decrease from the prior quarter's total production due to a sale of natural gas assets (part of Rosetta's long-term strategy).

Net income per share was triple that of the second quarter of 2011, although a large portion was a gain from hedging, which doesn't count towards adjusted net income. Revenues were 77% higher than in the second quarter of 2011.