* Q3 adj EPS $0.25 vs est of $0.22

* Q3 revenue falls 12.4 pct

* Sees Q4 production of 330-340 mmcfed * Shares up 7 percent (Adds conference call details, share movement)

Nov 9 (Reuters) - Oil and natural gas company Quicksilver Resources Inc (KWK.N: Quote, Profile, Research) reported a third-quarter adjusted profit that beat market estimates, helped by higher production and lower expenses, sending its shares up 7 percent.

For the quarter, average production rose 12 percent to 311 million cubic feet equivalent per day (mmcfed), mainly due to a 14 percent growth at the company's Fort Worth Basin properties, Chief Financial Officer Philip Cook said on a conference call with analysts.

Quicksilver has leased about 275,000 net acres in the Barnett shale formation in the Fort Worth Basin, Texas.

For the quarter, the company's net income was $730,000, compared with a loss of $3.8 million, or 2 cents a share, a year earlier.

Excluding items, the company earned $42.7 million, or 25 cents a share.

Revenue fell 12.5 percent to $206.7 million.