Athlon Energy surges on strong Q3 results


Athlon Energy (ATHL +11.2%) powers higher after posting Q3 earnings and revenues that easily beat expectations.

Discretionary cash flow increased 93% to ~$54M in Q3 vs. ~$28M for the year-ago quarter.

Average daily production volumes rose 69% to 12,960 boe/day vs. 7,673 boe/day a year ago.

ATHL says it plans to provide FY 2014 outlook early in Q1, at which time it expects to provide initial production results on its first two horizontal Wolfcamp wells.

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