Seeking Alpha

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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