Quicksilver Gas Services LP (KGS, Financial) filed Amended Quarterly Report for the period ended 2011-03-31.
Quicksilver Gas Services Lp has a market cap of $229.93 million; its shares were traded at around $0 with a P/E ratio of 37.1. The dividend yield of Quicksilver Gas Services Lp stocks is 6.9%.
Total Revenue and Volumes The increase in revenue was principally due to $4.3 million in higher revenue due to increased volumes on the Alliance System and $2.9 million in higher revenues on the Lake Arlington System. The increased revenue is due to the connection of 48 wells in the 2011 period compared to 21 for the 2010 period with the increase primarily on the Alliance and Lake Arlington Systems.
Managements discussion and analysis of financial condition and results of operations are based on our condensed consolidated interim financial statements and related footnotes contained within Item 1 of Part I of this Quarterly Report. The process of preparing financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Our critical accounting estimates used in the preparation of the consolidated financial statements were discussed in Item 7 in our 2010 Annual Report on Form 10-K. These critical estimates, for which no significant changes have occurred in the three months ended March 31, 2011, include estimates and assumptions pertaining to:
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Quicksilver Gas Services Lp has a market cap of $229.93 million; its shares were traded at around $0 with a P/E ratio of 37.1. The dividend yield of Quicksilver Gas Services Lp stocks is 6.9%.
Highlight of Business Operations:
Our management uses a variety of financial and operational measures to analyze our performance. We view these measures as important factors affecting our profitability and unitholder value and therefore we review them monthly for consistency and to identify trends in our operations. These performance measures are outlined below:Total Revenue and Volumes The increase in revenue was principally due to $4.3 million in higher revenue due to increased volumes on the Alliance System and $2.9 million in higher revenues on the Lake Arlington System. The increased revenue is due to the connection of 48 wells in the 2011 period compared to 21 for the 2010 period with the increase primarily on the Alliance and Lake Arlington Systems.
Managements discussion and analysis of financial condition and results of operations are based on our condensed consolidated interim financial statements and related footnotes contained within Item 1 of Part I of this Quarterly Report. The process of preparing financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Our critical accounting estimates used in the preparation of the consolidated financial statements were discussed in Item 7 in our 2010 Annual Report on Form 10-K. These critical estimates, for which no significant changes have occurred in the three months ended March 31, 2011, include estimates and assumptions pertaining to:
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