In the 2005 third quarter, net income available to common shareholders was $596 million, or $1.25 per share (diluted) on a split-adjusted basis, and income from continuing operations was $532 million, or $1.12 per share (diluted). Third quarter 2005 results from continuing operations included $99 million ($64 million after tax) or $.13 per share (diluted) of unrealized losses on derivatives.
Cash flow from operating activities of continuing operations was $1.57 billion in the third quarter 2006, and discretionary cash flow totaled $1.11 billion.(1)
"The third quarter was very significant for Anadarko as we completed two major acquisitions and began repositioning our company for the future, including the divestiture of our Canadian subsidiary and certain deepwater properties, which will help us de-lever the balance sheet," Anadarko Chairman, President and CEO Jim Hackett said. "Financial and operating results continued to be strong, assisted by partial-quarter contributions from Kerr-McGee and Western Gas. In addition, we are already beginning to achieve operating synergies within our expanded core Gulf of Mexico deepwater and Rockies unconventional resource plays, providing further conviction that the combined portfolio can deliver competitive growth and returns."
Third quarter sales volumes of natural gas, crude oil and natural gas liquids totaled 54 million barrels of oil equivalent (BOE), or 585,000 BOE per day. Sales volumes from continuing operations totaled 49 million BOE, or 530,000 BOE per day, as natural gas sales averaged 1.69 billion cubic feet per day, oil sales averaged 203,000 barrels per day, and natural gas liquids sales averaged 45,000 barrels per day.
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