Petrohawk reveals operating revenues

Texas-based energy company Petrohawk has announced first-quarter operating revenues of $440m (£291m) and cash flows from operations before changes in working capital of approximately $184m, or $0.61 per fully diluted common share.

After adjusting for the effects of an unrealised gain on derivatives, net income for the quarter was $0.13 per fully diluted share, or $39.9m after tax.

Before excluding selected items, the company reported net income of $156.1m, or $0.52 per fully diluted share, for the quarter.