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Supplemental Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2011
Supplemental Quarterly Financial Information

Supplemental Quarterly Financial Information (Unaudited)

 

    First     Second     Third     Fourth  
    Quarter     Quarter     Quarter     Quarter  
2011                                
Revenues   $ 68,583     $ 73,618     $ 83,353     $ 80,451  
Operating loss 1   $ (28,529 )   $ (80,713 )   $ (9,031 )   $ (37,146 )
Loss attributable to Penn Virginia Corp.   $ (26,340 )   $ (71,918 )   $ (6,718 )   $ (27,939 )
Loss per share - Basic 2:   $ (0.58 )   $ (1.57 )   $ (0.15 )   $ (0.61 )
Loss per share - Diluted 2:   $ (0.58 )   $ (1.57 )   $ (0.15 )   $ (0.61 )
Weighted-average shares outstanding:                                
Basic     45,687       45,768       45,817       45,864  
Diluted     45,687       45,768       45,817       45,864  
                                 
2010                                
Revenues   $ 67,878     $ 53,288     $ 68,953     $ 64,319  
Operating income (loss) 3   $ 92     $ (20,878 )   $ (53,053 )   $ (24,969 )
Net loss from continuing operations   $ 10,766     $ (21,097 )   $ (30,159 )   $ (24,837 )
Income (loss) from discontinued operations, net of tax   $ 12,174     $ 21,308     $ -     $ (34 )
Gain on sale of discontinued operations, net of tax   $ -     $ 49,612     $ -     $ 1,934  
Income (loss) attributable to Penn Virginia Corp.   $ 13,594     $ 31,079     $ (30,159 )   $ (22,937 )
Earnings (loss) per share - Basic 2:                                
Continuing operations   $ 0.24     $ (0.46 )   $ (0.66 )   $ (0.54 )
Discontinued operations   $ 0.06     $ 0.06     $ -     $ -  
Gain on sale of discontinued operations   $ -     $ 1.08     $ -     $ 0.04  
Net income (loss)   $ 0.30     $ 0.68     $ (0.66 )   $ (0.50 )
Earnings (loss) per share - Diluted 2:                                
Continuing operations   $ 0.24     $ (0.46 )   $ (0.66 )   $ (0.54 )
Discontinued operations   $ 0.06     $ 0.06     $ -     $ -  
Gain on sale of discontinued operations   $ -     $ 1.08     $ -     $ 0.04  
Net income (loss)   $ 0.30     $ 0.68     $ (0.66 )   $ (0.50 )
Weighted-average shares outstanding:                                
Basic     45,465       45,539       45,591       45,615  
Diluted     45,761       45,790       45,591       45,615  

 

1   Includes impairment of oil and gas properties of $71 million and $34 million during the quarters ended June 30, 2011 and December 31, 2011, respectively.

2   The sum of the quarters may not equal the total of the respective year's earnings per common share due to changes in weighted-average shares outstanding throughout the year.

3   Includes an impairment of $1.1 million for oil and gas properties held for sale during the quarter ended June 30, 2010. Includes impairments of oil and gas assets of $35.1 million and $9.7 million for the quarters ended September 30, 2010 and December 31, 2010, respectively.