Petrodelta S.A. explores for, produces, gathers, transports, and stores hydrocarbons in Venezuela. The company is based in Caracas, Venezuela. Petrodelta S.A. operates as a subsidiary Harvest-Vinccler Dutch Holding, B.V.
Avenida Veracruz con Calle Cali
Urbanizacion Las Mercedes
dificio Pawa, Piso 5
Petrodelta S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 6 14
Petrodelta S.A. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $215,777,000 against $240,356,000 a year ago. Income from operations was $80,265,000 or $30.37 per share against $107,300,000 or $40.86 per share a year ago. Income before income tax was $76,315,000 against $115,703,000 a year ago. Net income under IFRS was $73,410,000 or $27.78 per share against $96,633,000 or $36.80 per share a year ago. Net income under U.S. GAAP was $60,260,000 against $67,036,000 per share a year ago.
For nine months, the company reported total revenues of $676,986,000 against $664,129,000 a year ago. Income from operations was $200,148,000 or $24.71 per share against $342,328,000 or $46.65 per share a year ago. Income before income tax was $181,129,000 against $527,594,000 a year ago. Net income under IFRS was $164,162,000 or $20.25 per share against $349,100,000 or $47.56 per share a year ago. Net income under U.S. GAAP was $172,976,000 against $213,522,000 per share a year ago.
Petrodelta Announces Production and Revenue Results for the Second Quarter of 2014
Aug 11 14
Petrodelta announced production and revenue results for the second quarter of 2014. For the quarter, the company reported oil production average approximately 45,000 b/d in the second quarter, up 18% from the year-ago quarter. Current production is averaging about 41,000 b/d, with a few wells offline and waiting to be serviced.
For the quarter, the company generated USD 244 million in net revenue compared to USD 211 million in 2013's second quarter.
Petrodelta Reports Earnings Results for the Fourth Quarter 2013 and Production Results for the Year 2013
Mar 17 14
Petrodelta reported earnings results for the fourth quarter 2013 and production results for the year 2013. For the quarter, the company’s net loss was USD 93.3 million as a result of an exchange rate loss and higher tax expenses. Oil sales increased 15% to 3.86Mb while natural gas sales dropped 2% to 620Mf3 compared to the same quarter 2012.
For the year, the company's oil production was up 10% year-over-year in 2013 to 14.54Mb and natural gas sales increased 19% to 2.59Bf3.