Energen Resources’s net income in the second quarter of 2008 totaled $70.6 million, compared with $66.9 million in the same period of 2007.
This 5.5% increase largely reflects higher average realized sales prices for Energen Resources’s natural gas, oil and natural gas liquids production as well as a 4% rise in production.
For the six months ended June 30, 2008, Energen’s net income totaled $183.6 million or $2.55 per diluted share, an increase when compared to $171.8 million or $2.38 per diluted share in the first half of 2007.
Energen Resources’s net income for the first half of 2008 totaled $143.1 million, compared with $130.1 million in the same period of 2007.
