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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Synergy Resources Revenue Improves More Than 100% 0 comments
    Apr 4, 2014 11:22 AM | about stocks: SYRG

    Originally published at www.seclive.com

    Synergy Resources Corporation (NYSEMKT:SYRG) announced its financial results for the second fiscal quarter of 2014, posting improvements in revenue that exceeded 100% from the year-ago quarter. The oil and gas exploration and production company reported a 111% revenue increase from a year ago to $23M with operating income improving by the same percentage to $9.5M. Net income increased 89% from $2.7M and $0.05 per share a year ago to $5.2M and $0.07 per share. Oil and gas production improved substantially, from 186,039 barrels of oil equivalent (NYSE:BOE) to 352,537 BOE, with average daily production rising from 2,067 BOE in the year-ago quarter to 3,917 BOE. Operationally, Synergy completed and brought six horizontal wells to production with another eight horizontal wells in the drilling process.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: SYRG
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