Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  BHP Billiton Limited    BHP   AU000000BHP4

News SummaryMost relevantAll newsSector news 

BHP Petrohawk Losses Deepen as Gas Prices Fall

11/07/2012 | 06:24pm US/Eastern
   By Rhiannon Hoyle 

SYDNEY--Losses at BHP Billiton Ltd.'s (>> BHP Billiton Limited) U.S. shale operation Petrohawk Energy Corp. this year have deepened amid continued weakness in natural-gas markets.

BHP on Thursday reported a loss from continuing operations before income tax of US$211.5 million for the nine months to Sep. 30 for Petrohawk, compared with profit of US$201.3 million in the year-earlier period.

In a statement to the stock exchange, BHP said the average price for natural gas in the nine months to the end of September had nearly halved year-on-year, contributing to the deepening losses.

Petrohawk had recorded a third-quarter loss of US$55 million, the statement added, a sharp turnaround from profit of US$127 million in the same quarter of 2011.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : BHP Billiton Limited
React to this article
12:03pDJEUROPE MARKETS : European Stocks Close At 3-month Highs
05:25a WINNERS & LOSERS SUMMARY : BHP Hit By Downgrade, Brazil Accusation
03:24aDJASIA MARKETS : Nikkei Comes Close, But Fails To Retake 20,000 Level
01:40aDJASIA MARKETS : Nikkei Nears Highest Levels Since August On Weaker Yen
11/25 Mud from Brazil dam burst is toxic, UN says
11/25DJBrazil Dam's Failure Flooded Region With Toxic Waste, U.N. Report Says -- Upd..
11/25DJCorrection to Brazil Dam's Failure Flooded Region
11/25DJBHP Billiton Says Tailings from Brazil Dam Spill Were Chemically Stable
11/25DJJapan's Nikkei Flirts With 20000, but Falls Short
11/25DJBrazil Dam's Failure Flooded Region With Toxic Waste, U.N. Report Says
News chart
Full-screen chart
Income Statement Evolution
More Financials