GMX Resources Reports Q3'11 Earnings; Updates Operations and Liquidity Position
GMX Resources (NYSE: GMXR) reported a net loss in Q3’11 of $68.9 million, or $1.21 per share, compared to Q3’10 net income of $2.2 million, or $0.08 per share. Total Q3’11 revenues net of hedging were $28.4 million, a 15% increase over Q3’10 earnings of $24.8 million. GMXR’s Q3’11 production was 6.1 Bcfe, a 32% increase over the same period