Swift Energy Q3 Profit Surges - Quick Facts

(RTTNews) - Swift Energy Co. (SFY) said its third-quarter earnings surged to $8.9 million or $0.20 per share from last year's $3.1 million or $0.07 per share. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 19 percent to $153.0 million from $128.8 million for the same quarter last year. Analysts expected revenues of $147.65 million for the quarter. The company attributed the increase in revenues to higher oil and NGL production volumes along with higher natural gas prices.

Production increased 6 percent to 3.06 million barrels of oil equivalent during the third quarter.