UNITED STATES
|
(c) | Exhibits. | |
Exhibit Number |
Description | |
99.1 | Press Release dated August 9, 2004, "Stone Energy Corporation Announces Second Quarter 2004 Results" |
The following information is furnished under Item 9. "Regulation FD Disclosure" and Item 12. "Results of Operation and Financial Condition."
On August 9, 2004, we issued a press release with respect to our quarterly earnings for the second quarter of 2004. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. The press release contains a measure (discussed below) that may be deemed a non-GAAP financial measure as defined in Item 10 of Regulation S-K under the Securities Exchange Act of 1934. In this case, the most directly comparable generally accepted accounting principle (GAAP) financial measure and information reconciling the GAAP and non-GAAP financial measure is also included in the press release.
In the press release, we refer to a non-GAAP financial measure we call discretionary cash flow. Management believes this measure is a financial indicator of our companys ability to internally fund capital expenditures and service debt. Management also believes this non-GAAP financial measure of cash flow is useful information to investors because it is widely used by professional research analysts in the valuation, comparison, rating and investment recommendations of companies within the oil and gas exploration and production industry. Many investors use the published research of these analysts in making their investment decisions. Discretionary cash flow should not be considered an alternative to net cash provided by operating activities or net income, as defined by GAAP.
In accordance with General Instructions B.2 and B.6 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STONE ENERGY CORPORATION |
Date: August 9, 2004 | By: /s/ James H. Prince |
James H. Prince Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX | ||
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Exhibit Number |
Description | |
99.1 | Press Release dated August 9, 2004, "Stone Energy Corporation Announces Second Quarter 2004 Results" |