6 Aug 2014quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $163.5 million and net income of $23.8 million for the period ended 2014-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Aug 2014quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $163.5 million and net income of $23.8 million for the period ended 2014-09-30.
29 July 2014securities registration● Neutral
QUICKSILVER RESOURCES INC registered a securities offering with the SEC using its shelf eligibility.
20 May 2014agm notice● Neutral
QUICKSILVER RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 May 2014quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported quarterly revenue of $118.0 million and a net loss of $36.1 million for the period ended 2014-06-30.
9 May 2014substantial holder notice● Neutral
SPO Partners II, L.P, SPO Advisory Partners, L.P, San Francisco Partners, L.P, SF Advisory Partners, L.P, SPO Advisory Corp, John H. Scully, Edward H. McDermott, Eli J. Weinberg reported a QUICKSILVER RESOURCES INC shareholding of 17,655,054 shares (9.96% of votes) in a periodic institutional filing.
8 May 2014substantial holder notice● Neutral
SPO Partners II, L.P, SPO Advisory Partners, L.P, San Francisco Partners, L.P, SF Advisory Partners, L.P, SPO Advisory Corp, John H. Scully, Edward H. McDermott, Eli J. Weinberg disclosed a new substantial QUICKSILVER RESOURCES INC shareholding (10.60% of votes).
8 May 2014substantial holder notice● Neutral
SPO Partners II, L.P, SPO Advisory Partners, L.P, San Francisco Partners, L.P, SF Advisory Partners, L.P, SPO Advisory Corp, John H. Scully, Edward H. McDermott, Eli J. Weinberg reported a QUICKSILVER RESOURCES INC shareholding of 18,805,054 shares (10.60% of votes) in a periodic institutional filing.
6 May 2014quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported quarterly revenue of $118.0 million and a net loss of $36.1 million for the period ended 2014-06-30.
2 May 2014securities registration● Neutral
QUICKSILVER RESOURCES INC filed the final prospectus for a registered offering.
21 Mar 2014material agreement▼ BadMajor
Quicksilver renegotiated its Fortune Creek midstream JV with KKR, pushing out its remaining Horn River capital-spending commitment to mid-2016 (or an earlier Horn River sale) and easing its funding obligations -- a sign it could no longer keep pace with the $100 million/year drilling commitment it had guaranteed KKR in 2011.
14 Mar 2014quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported quarterly revenue of $91.8 million and a net loss of $58.8 million for the period ended 2014-03-31.
14 Feb 2014substantial holder notice● Neutral
Mount Kellett Capital Management LP disclosed a new substantial QUICKSILVER RESOURCES INC shareholding (6.00% of votes).
18 Nov 2013material agreement▼ BadMajor
Quicksilver's lenders again eased its interest-coverage covenant -- down to 1.10x through mid-2014 -- while holding the borrowing base at $350 million, the latest in a string of covenant relief as the company worked through its debt load.
6 Nov 2013quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported quarterly revenue of $114.2 million and a net loss of $31.8 million for the period ended 2013-12-31.
5 Nov 2013quarterly activities report▼ Bad
QUICKSILVER RESOURCES INC reported quarterly revenue of $114.2 million and a net loss of $31.8 million for the period ended 2013-12-31.
10 Oct 2013substantial holder notice● Neutral
Southeastern Asset Management, Inc. I.D. No, Longleaf Partners Small-Cap Fund I.D. No, O. Mason Hawkins I.D. No. XXX-XX-XXXX reported no remaining QUICKSILVER RESOURCES INC shareholding in its periodic institutional filing.
10 Sept 2013substantial holder notice● Neutral
Southeastern Asset Management, Inc. I.D. No, Longleaf Partners Small-Cap Fund I.D. No, O. Mason Hawkins I.D. No. XXX-XX-XXXX reported a QUICKSILVER RESOURCES INC shareholding of 9,470,612 shares (5.30% of votes) in a periodic institutional filing.
8 Aug 2013quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $153.1 million and net income of $10.6 million for the period ended 2013-09-30.
6 Aug 2013quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $153.1 million and net income of $10.6 million for the period ended 2013-09-30.
5 Aug 2013material agreement termination▼ BadMajor
NOVA Gas Transmission terminated the Horn River pipeline agreement (the Komie North Project) after failing to get the regulatory approval it needed, ending Quicksilver's British Columbia pipeline growth plan; Quicksilver's C$14 million in letters of credit would be released once it paid NGTL's roughly $12.8 million in incurred costs.
21 June 2013debt financing▼ BadMajor
Quicksilver closed its refinancing: a new $625 million second-lien term loan from Credit Suisse, $325 million of 11% Senior Notes due 2021, and $200 million of second-lien floating-rate notes due 2019 -- all priced far above its original investment-grade-era debt -- and used the proceeds to retire the tendered 2015 and 2016 Senior Notes, completing the refinancing begun on June 12.
12 June 2013material agreement▼ BadMajor
Quicksilver priced $325 million of new 11% Senior Notes due 2021 and $200 million of second-lien floating-rate notes due 2019 -- yet more expensive debt -- to fund tender offers and covenant-stripping consent solicitations on its 2015, 2016 and 2016-subordinated notes; 88.7%-98.6% of holders tendered, but the tender for the 2016 Subordinated Notes failed to meet its conditions and was terminated, a sign the refinancing wasn't going entirely to plan.
7 June 2013substantial holder notice● Neutral
BlackRock, Inc reported a QUICKSILVER RESOURCES INC shareholding of 6,849,618 shares (3.88% of votes) in a periodic institutional filing.
29 May 2013quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $175.5 million and net income of $242.5 million for the period ended 2013-06-30.
13 May 2013quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $175.5 million and net income of $242.5 million for the period ended 2013-06-30.
13 May 2013late filing notice▼ Bad
QUICKSILVER RESOURCES INC notified the SEC that its quarterly report would be filed late.
7 May 2013quarterly activities report● Neutral
QUICKSILVER RESOURCES INC reported quarterly revenue of $175.5 million and net income of $242.5 million for the period ended 2013-06-30.
6 May 2013asset acquisition disposition● NeutralMajor
Quicksilver closed the sale of 25% of its Barnett Shale assets to Tokyo Gas's TG Barnett Resources, collecting net cash proceeds of $463.4 million.
3 May 2013material agreement▼ BadMajor
As part of the Tokyo Gas deal, Quicksilver's lenders slashed its global borrowing base from $850 million to $350 million, cut the minimum interest-coverage covenant to as low as 1.10x through 2014, capped senior secured leverage at 2.0x, allowed up to $800 million of new second-lien debt, and raised borrowing costs and collateral requirements -- the clearest borrowing-base redetermination of the crisis, resetting credit around a much smaller company.