Rosetta Resources Q2 Profit Decreases - Quick Facts

(RTTNews) - Rosetta Resources Inc. (ROSE) reported second-quarter net income of $75.4 million, or $1.27 per share, compared to $77.0 million, or $1.46 per share, for the same period in 2012. Adjusted net income for the quarter was $52.3 million, or $0.88 per share.

On average, 27 analysts polled by Thomson Reuters expected the company to report profit per share of $0.97 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $236.5 million compared to $198.0 million for the same period in 2012. Analysts expected revenue of $217.29 million for the quarter. Second quarter revenues including realized derivatives were $193.8 million in 2013 and $125.5 million in 2012.

Rosetta's total production for the quarter averaged 48.8 thousand barrels of oil equivalent per day, up 46 percent from the same period in 2012. The company said the increase was a result of continued production growth from the Eagle Ford assets and the addition of newly acquired Permian assets at mid-quarter.