Quicksilver Resources (KWK) lowers its previously reported Q4 profit to $23.5M, or $0.14/share,...

|About: Quicksilver Resources Inc. (KWK)|By:, SA News Editor

Quicksilver Resources (KWK) lowers its previously reported Q4 profit to $23.5M, or $0.14/share, and raises its revenue to $223M, to account for an impairment of U.S. midstream assets and a reduction in the fair value of certain commodity derivatives. KWK in February reported a profit of $48.9M, or $0.28/share, on revenue of $216M.