Boston, MA 06/02/2014 (wallstreetpr) – The leading private sector American company Halcón Resources Corporation (NYSE:HK) recently announced results of its annual meeting and quarterly financial per performance. The details of both the results are as follow-
Financial Announcement:
According to the reports published by the company, total revenues for the Q1 year 2014 amounted to $275.1 million. It was an amazing first quarter and HK managed to increase its revenues by 44% on YOY basis. Not only did the company managed to post higher revenue figures, but also it managed to drop down its operating cost per unit by $28.40 per Boe.
Halcón Resources Corporation (NYSE:HK) posted a net income figure of $11.9 million in the first quarter. In terms of per share, it managed to earn $0.03 per diluted share as the net income for the Q1 of current year. There were ups and downs in the first quarter, as a result of which the common shareholders of HK lost $77.9 million in the first three months of year 2014. Total operating revenues of the company touched 275,149 marks in the Q1.
Annual Meeting Announcements:
Halcón Resources Corporation (NYSE:HK) recently held an annual meeting to discuss various issues, plans and few decisions taken by the management.
The first point of discussion of the meeting was but the selection of the directors. Hence following names were shortlisted-
James W. Christmas, Thomas R. Fuller, David B. Miller and Michael A. Vlasic. Their tenure will expire in the annual general meeting of year 2017. Please note that all of the four names suggested were well known names of the industry.
The second point of discussion was to pass amendment of article 4 of Halcón Resources Corporation (NYSE:HK). The authorized common share capital of HK was increased to 1,340,000,000 shares after making certain changes. Apart from it, Deloitte & Touche LLP was appointed as an independent accounting firm for the current fiscal year ending 31st March.
