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3 million or $0.26 per share, compared to a loss of $353 thousand or $0.02 per share in the year-ago quarter.
The 2006 third quarter results included a $2.5 million tax benefit resulting from the utilization of available net operating tax loss carryforwards and a $0.2 million charge of stock option expense.
OMNI Energy's quarterly operating revenues jumped to $26.6 million from $9.6 million in the same period last year.
Two analysts polled by Thomson FirstCall expected the company to report revenue of $27.06 million. For the nine months ended September 30, 2006 the company posted a net profit of $15 million or $0.
63 per share, compared to a loss of $5.15 million or $0.40 per share in the same period last year.
OMNI Energy's operating revenue for nine months climbed to $72.7 million from $32.2 million in the same period last year.
OMNI is currently up $0.30 trading at $9.50 on a volume of 962,988 shares.
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