The company reported that revenue from oil and gas production totaled $205.7 million for the fourth quarter of 2007, compared to $127.2 million for the fourth quarter of 2006.
Oil and gas production increased 26% to 64 billion cubic feet equivalent (bcfe) for 2007, compared to 50.9bcfe for 2006. Oil and gas production increased 31% to 20.2bcfe in the fourth quarter of 2007, compared to 15.4bcfe in the fourth quarter of 2006.
ATP Oil & Gas recorded net income available to common shareholders of $48.6 million or $1.58 per basic and $1.55 per diluted share for 2007, compared to a net loss available to common shareholders of $39.3 million or $1.33 per basic and $1.33 per diluted share for 2006.
The company recorded net income available to common shareholders of $12.7 million or $0.39 per basic and $0.38 per diluted share for the fourth quarter of 2007, compared to a net loss available to common shareholders of $37 million or $1.24 per basic and $1.24 per diluted share for the fourth quarter of 2006.
