Carbon Energy Corporation Reports Increases In Financial And Operating Results For Nine Months Ending September 30, 2000.

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Carbon Energy Corporation Reports Increases In Financial And Operating Results For Nine Months Ending September 30, 2000.

Business Editors

DENVER--(BUSINESS WIRE)--Nov. 16, 2000

Carbon Energy Corporation today announced its financial and operating results for the quarter and nine months ended September 30, 2000.

Carbon Energy reported net income of $172,000, or $.03 per share, on revenues from oil and gas sales of $4.4 million for the third quarter of 2000, compared to net income of $533,000 on revenue from oil and gas sales of $2.2 million for the third quarter of 1999. Net cash provided by operations was $1,636,000, compared to $794,000 in the third quarter of 1999. Earnings before interest,...

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