AUSTIN, Texas--(BUSINESS WIRE)--Apr. 20, 2015--
Forestar Group Inc. (NYSE: FOR) will release its results for first
quarter 2015 on May 6, before the market opens.
The company will host a conference call on Wednesday May 6, 2015 at
10:00 a.m. ET to discuss results of first quarter 2015.
To access the conference call, listeners calling from North America
should dial 1-877-415-3185 at least 15 minutes prior to the start of the
call. Those wishing to access the call from outside North America should
dial 1-857-244-7328. The passcode is Forestar. Replays of the call will
be available for two weeks following the completion of the live call and
can be accessed at 1-888-286-8010 in North America and at 1-617-801-6888
outside North America. The passcode for the replay is 69043071.
The conference call may also be accessed through Forestar Group’s
Internet site, www.forestargroup.com,
by clicking on "Investor Relations – Investor Events."
About Forestar Group
Forestar Group Inc. operates in three business segments: real estate,
oil and gas and other natural resources. At year-end 2014, the real
estate segment owns directly or through ventures almost 113,000 acres of
real estate located in ten states and 13 markets in the U.S. The real
estate segment has 11 real estate projects representing over 24,400
acres currently in the entitlement process. In addition, the real estate
segment includes 75 entitled, developed and under development projects
in eight states and 13 markets encompassing over 11,200 acres, comprised
of over 18,300 planned residential lots and almost 2,000 commercial
acres. The oil and gas segment includes approximately 960,000 net acres
of oil and gas mineral interests, with approximately 590,000 acres of
fee ownership located principally in Texas, Louisiana, Georgia, and
Alabama and 370,000 net acres of leasehold interests principally located
in Nebraska, Oklahoma, Kansas, Texas and North Dakota. These leasehold
interests include over 9,000 net mineral acres in the core of the
prolific Bakken and Three Forks formations. The other natural resources
segment includes sale of wood fiber and management of our recreational
leases, and approximately 1.5 million acres of groundwater resources,
including a 45% nonparticipating royalty interest in groundwater
produced or withdrawn for commercial purposes from approximately 1.4
million acres in Texas, Louisiana, Georgia and Alabama and about 20,000
acres of groundwater leases in central Texas. Forestar’s address on the
World Wide Web is www.forestargroup.com.
This release contains “forward-looking statements” within the meaning of
the federal securities laws. Forward-looking statements are typically
identified by words or phrases such as “will,” “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,”
and other words and terms of similar meaning. These statements reflect
management’s current views with respect to future events and are subject
to risk and uncertainties. We note that a variety of factors and
uncertainties could cause our actual results to differ significantly
from the results discussed in the forward-looking statements, including
but not limited to: general economic, market, or business conditions;
changes in commodity prices; opportunities (or lack thereof) that may be
presented to us and that we may pursue; fluctuations in costs and
expenses including development costs; demand for new housing, including
impacts from mortgage credit rates or availability; lengthy and
uncertain entitlement processes; cyclicality of our businesses; accuracy
of accounting assumptions; competitive actions by other companies;
changes in laws or regulations; and other factors, many of which are
beyond our control. Except as required by law, we expressly disclaim any
obligation to publicly revise any forward-looking statements contained
in this news release to reflect the occurrence of events after the date
of this news release.
Source: Forestar Group Inc.
Forestar Group Inc.
Anna E. Torma, 512-433-5312