Newfield Exploration Co. (NYSE:NFX) reported its unaudited third quarter 2011 financial and operating results. For the third quarter of 2011, Newfield recorded net income of $269 million, or $1.99 per diluted share (all per share amounts are on a diluted basis). Net income for the third quarter includes a net unrealized gain on commodity derivatives of $201 million ($129 million after-tax), or $0.95 per share. Without the effect of this item, net income for the third quarter of 2011 would have been $140 million, or $1.04 per share.



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