Callon Petroleum (NYSE: CPE) reported Q3’11 net income of $8.4 million, or $0.21 per share, compared to Q3’10 net income of $1.6 million, or $0.05 per share. Total Q3’11 revenues were $33.5 million, an increase of 64% from Q3’10. Production during the quarter averaged 5,261 BOEPD, an increase of 23% from Q3’10.

For the nine months ended September 30, 2011, CPE reported net income of $32.4 million, or $0.85 per share, compared to net income of $7.7 million, or $0.26 per share during the same period of 2010. Total revenues for the first nine mon...


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