Erin Energy Corporation reported unaudited consolidated earnings and operating results for the second quarter and earnings for the six months ended June 30, 2017. For the quarter, the company reported operating loss of $91.33 million compared to $27.199 million a year ago. Loss before income taxes was $98.65 million compared to $22.688 million a year ago. Net loss attributable to the company was $98.565 million compared to $22.572 million a year ago. Net loss per share was $0.46 compared to $0.11 a year ago.

For the six months, the company reported operating loss of $116.42 million compared to $55.492 million a year ago. Loss before income taxes was $125.577 million compared to $55.543 million a year ago. Net loss attributable to the company was $125.07 million compared to $54.983 million a year ago. Net loss per share was $0.59 compared to $0.26 a year ago. Net cash provided by operating activities was $4.38 million compared to $1.47 million a year ago. Capital expenditures were $5.75 million compared to $9.667 million a year ago.

For the second-quarter 2017, net daily production was approximately 5,100 bopd, compared with 5,400 bopd for the comparative period in 2016. The company lifted and sold approximately 309,000 net barrels of oil at an average price of $47.15 per barrel, compared to approximately 508,000 net barrels of oil at an average price of $45.58 per barrel during the comparative period 2016.

The company reported impairment of oil and gas properties of $78.71 million in the second quarter of 2017.