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 in 2010.

For the first nine months of 2011, GMXR reported a net loss of $138.8 million, or $2.69 per share, compared to net income of $3.0 million, or $0.11 per share during the same period in 2010. Total r...


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