Starting with the financials. The adjusted net income for the quarter was $314 million or $1.75 per share diluted, that's an increase of 31% compared to the first quarter of last year. Our only adjustment was for unrealized commodity derivative losses due to strong oil prices.GAAP net income was $263 million or $1.47 per share diluted. Quarterly revenues were almost $1.2 billion, a 30% increase over the first quarter of last year. Crude oil and liquids represented nearly half of our sales volumes and combined with strong prices accounted for over 80% of our revenue for the first quarter.
Noble Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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