The net loss for the second quarter of 2008 include unrealized losses principally on hedges of $874 million, compared to unrealized losses of $91 million in the same period of 2007.
The company has reported adjusted net income from continuing operations of $66 million or diluted earnings per share of $0.29 for the second quarter of 2008, compared to adjusted net income from continuing operations of $162 million or diluted earnings per share of $0.57 for the second quarter of 2007.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations for the second quarter of 2008 were $143 million, compared to adjusted EBITDA from continuing operations of $230 million for the second quarter of 2007.
