“The Company reported net income of $4.1 million, or $0.16 per diluted share, which includes a $5.6 million net unrealized gain on the value of derivative contracts.”
This was in quarterly report but I’m confused on the net unrealized gain of the derivative contract.. so this is essentially saying the company is including an unrealized gain towards their net income? This is an oil and gas company to add context.. I’m assuming their are talking about an oil futures contract? I have no idea.. can anyone clarify.. the company is USEG and this can be found on their latest quarterly filing. Thank you!
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