Selected Financial Data
 
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Financial Highlights

 
Financial Data

2005

2004

2003

2002

2001
Net Revenues(1)
$ 370.0
$ 228.4
$ 181.3
$ 111.0
$ 96.6
Operating Income (2)
162.0
80.8
62.1
30.8
1.6
Net Income (3)
62.1
33.4
28.5
12.1
34.3
Net Cash Flows Provided by Operating Activities
231.4
146.4
109.7
65.8
44.2
 
Common Share Data (4)          
Net Income, Basic ($/share)
$ 3.35
$ 1.82
$ 1.59
$ 0.68
$ 1.96
Net Income, Diluted ($/share)
3.31
1.81
1.58
0.67
1.93
Dividends Paid ($/share)
0.45
0.45
0.45
0.45
0.45
Average Shares Oustanding, Diluted
18.7
18.5
18.1
17.9
17.8
 
Capitalization
Net Long-term Debt(5)
$ 325.8
$ 188.9
$ 154.3
$ 106.9
$ 3.5
Minority Interest in Penn Virginia Resources Partners
313.5
182.9
190.5
192.8
144.0
Shareholder's Equity
310.6
252.9
211.6
188.0
185.5
Total Capitalization
949.9
624.9
556.4
487.7
333.0
Percent of Net Long-term Debt to Total Capitalization
34.3%
30.2%
27.7%
21.9%
1.1%

Production Data

Oil and Condensate (Mbbl)
302
396
625
349
164
Natural Gas (Bcf)
25.6
22.1
20.1
18.7
13.1
Total Oil and Gas Production (Bcfe)
27.4
24.5
23.8
20.8
14.1
Daily Production (MMcfe)
74.9
66.8
65.2
57.0
38.6
Coal Produced by Lessees (Millions of tons)
30.2
31.2
26.5
14.3
15.3
Daily Plant Inlet Volumes (MMcf)(6)
127
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Realized Prices and Margins

         
Oil and Condensate ($/Bbl)
$ 45.67
$ 33.75
$ 26.91
$ 23.63
$ 22.94
Natural Gas ($/Mcf)
8.31
6.27
5.31
3.35
4.06
Coal Royalties
2.74
2.23
1.90
2.20
2.11
Mistrream Processing Margin ($/Mcf)
1.15
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Estimated Reserves

         
Total Proved Oil and Gas Reserves (Bcfe)
376.6
354.1
322.9
273.4
252.8
Coal (Millions of Recoverable Tons)
689.1
558.1
588.2
614.8
492.8
(1) 2005 revenues are shown net of cost of gas purchased.
(2) Operating Income in 2004 included $8.2 million of loss on assets held for sale and impairment of oil and gas properties.
(3) Net Income in 2001 included a $54.7 million ($35.6 million after tax) gain on the sale of Norfolk Southern Corporation common stock.
(4) Amounts per common share in 2000 through 2003 have been adjusted for the effect of a two for one stock split effective on June 3, 2004.
(5) Net of $43.4 million cash equivalents held as collateral for the debt as of December 31, 2001.
(6) Natural gas midstream results from date of Cantera acquisition effective March 3, 2005.

Abbreviations:

 

 

Bbl - Barrel

HCBM - Horizontal CBM

Mcfe - Thousand Cubic Feet Equivalent

Bcf - Billion Cubic Feet

Mbbl - Thousand Barrels

MMcf - Million Cubic Feet

Bcfe - Billion Cubic Feet Equivalent

MMbbl - Million Barrels

MMcfe - Million Cubic Feet Equivalent

CBM - Coal Bed Methane

Mcf - Thousand Cubic Feet

MMbtu - Million British Thermal Units

 

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