| Quarterly Financial Data |
The following table summarizes the unaudited quarterly financial data, including income before income taxes, net income, and net income per common share for the years ended 2012 and 2011.
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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June 30,
2012 |
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(In thousands, except per share data) |
Year ended June 30, 2012 |
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Total operating revenues |
$ |
3,735 |
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$ |
3,202 |
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$ |
4,805 |
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$ |
1,970 |
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$ |
13,712 |
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Total operating expenses (income) |
$ |
2,883 |
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$ |
8,076 |
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$ |
9,367 |
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$ |
(26,388 |
) |
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$ |
(6,062 |
) |
Income (loss) before income taxes |
$ |
1,123 |
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$ |
(4,755 |
) |
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$ |
(4,590 |
) |
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$ |
28,754 |
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$ |
20,532 |
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Net income (loss) attributable to Magellan Petroleum Corporation |
$ |
940 |
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$ |
(4,557 |
) |
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$ |
(4,590 |
) |
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$ |
34,705 |
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$ |
26,498 |
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Net income (loss) per basic common share outstanding |
$ |
0.02 |
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$ |
(0.08 |
) |
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$ |
(0.09 |
) |
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$ |
0.64 |
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$ |
0.49 |
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Net income (loss) per diluted common share outstanding |
$ |
0.02 |
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$ |
(0.08 |
) |
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$ |
(0.09 |
) |
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$ |
0.64 |
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$ |
0.49 |
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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June 30,
2011 |
|
(In thousands, except per share data) |
Year ended June 30, 2011 |
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Total operating revenues |
$ |
3,699 |
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$ |
4,461 |
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$ |
4,867 |
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$ |
5,149 |
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$ |
18,176 |
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Total operating expenses |
$ |
7,658 |
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$ |
8,158 |
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$ |
4,947 |
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$ |
25,632 |
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$ |
46,395 |
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(Loss) income before income taxes |
$ |
(3,713 |
) |
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$ |
(3,476 |
) |
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$ |
111 |
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$ |
(20,218 |
) |
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$ |
(27,296 |
) |
Net loss attributable to Magellan Petroleum Corporation |
$ |
(3,376 |
) |
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$ |
(2,099 |
) |
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$ |
(84 |
) |
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$ |
(26,873 |
) |
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$ |
(32,432 |
) |
Net loss per basic common share outstanding |
$ |
(0.06 |
) |
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$ |
(0.04 |
) |
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* |
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$ |
(0.51 |
) |
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$ |
(0.62 |
) |
Net loss per diluted common share outstanding |
$ |
(0.06 |
) |
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$ |
(0.04 |
) |
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* |
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$ |
(0.51 |
) |
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$ |
(0.62 |
) |
(*) Not meaningful
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