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Penn Virginia Corp. Details 1Q 2014 Results

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May 14, 2014

On May 12, Penn Virginia Corp. (NYSE: PVA) detailed its financial results for first-quarter 2014. The quarter ended March 31, the company added.

Operating income for the quarter was lower than it had been in fourth-quarter 2013. It was $14.9 million, Penn Virginia said, noting that this amount did not include a $57.4 million gain on asset sales. In fourth-quarter 2013, the gain on asset sales had been $0.2 million and the amount excluding that had been $15.5 million.

The quarter-over-quarter decrease was due to higher exploration expenses and other ...

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