XTO: Cross Timbers Oil Co. Message Board

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Gold/Mining/Energy : XTO: Cross Timbers Oil Co.

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From: JakeStraw	7/19/2005 8:03:58 AM
	of 28

XTO Energy earns rise, match forecasts By Tomi Kilgore NEW YORK (MarketWatch) -- XTOEnergy (XTO) reported second-quarter earnings of $219.7 million, or 61 cents a share, up from $99.1 million, or 30 cents a share in the same period a year ago. Excluding non-recurring items, earnings would have been $220.1 million, or 61 cents a share, matching the average analyst estimate compiled by Thomson First Call. Revenue rose to $748.7 million from $444.7 million, topping analyst forecasts of $702.4 million. Average daily gas production increased 27% to 1.019 billion cubic feet and daily oil production grew 109% to 37,022 barrels. The energy producer raised its 2005 production volume growth estimate to 27% to 29%.

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