Talisman Energy Sinks to Loss in Q1, Misses Estimates; FY 2013 Production Guidance Unchanged

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Talisman Energy Inc. ( TLM ) reported first quarter 2013 non-GAAP loss of $60 million, or $0.06 per share, on revenues of $1.1 billion. Analysts expected earnings per share of $0.02 and revenues of $1.5 billion.

In the same period last year, the company recorded a non-GAAP income of $167 million, or $0.16 per share, on revenues of $2.1 billion.

The 2013 production guidance range is unchanged, with liquids volumes expected to rise in the second half of 2013 in North America (Eagle Ford), Colombia, Malaysia (Kinabalu) and Vietnam (HST/HSD). The company said it remains on target to deliver full year production guidance of 170-176 mboe/d, including 30-35 mbbls/d of liquids.




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This article appears in: Investing , Commodities

Referenced Stocks: TLM

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