For Kodiak Oil & Gas (UNKNOWN:KOG.DL), the money is really flowing these days. The company announced robust gains in its Q3 results, revealing that for the period it took in revenues of just under $300 million. This was nearly triple the $112 million it posted in the year-ago quarter. Net income increased almost tenfold, coming in at $31.2 million ($0.12 per diluted share) against Q3 2013's $3.5 million ($0.01).
In spite of the increases, the company's net came in significantly below the average analyst estimate for EPS of $0.23. Collectively, those analysts expected a top line of $297 million.
Following the announcement of the results, Kodiak's shares were down slightly in after-hours trading. They sagged by 0.2%, or $0.02, to $12.95 per share.
Fool contributor Eric Volkman has no position in Kodiak Oil & Gas. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.