Talisman Energy Q2 Profit Falls - Quick Facts

(RTTNews) - Talisman Energy Inc.(TLM, TLM.TO) reported that its second-quarter net income declined to $97 million from last year's $196 million, with net income per share decreasing to $0.06 from $0.14 last year.

Net income was $97 million, compared to a net loss of $213 million in the first quarter. This was primarily a result of mark-to-market gainsfrom the company's active hedging program and gains from the sale ofnon-core assets in Canada and Indonesia.

Loss from operations for the latest-quarter was $27 million, compared to profit from operations $71 million last year. Loss from operations per share was $0.03, compared to profit of $0.07 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue and other income fell to $1.185 billion from $1.800 billion in the year ago quarter. Five analysts had consensus revenue estimate of $1.39 billion for the quarter.

The company has declared a quarterly dividend on the company's common shares of $0.0675 per share. The dividend will be paid on September 30, 2013 to shareholders of record at the close of business on August 16, 2013.

The company revised its 2013 production guidance to the lower end of the 375-395,000 boe/d range. The company now expects cash flow to be between $2.1-2.3 billion for the year.