New Source Energy Partners L.P. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of $20,105,000 against $56,424,000 a year ago. The decrease in revenue and adjusted EBITDA in the third quarter reflect the resumption of a declining rig count and mounting pressure on oil and gas prices. Operating loss was $60,954,000 against $5,075,000 a year ago. Net loss attributable to the company was $61,528,000 against $2,996,000 a year ago. Net loss per common unit was $3.38 against $0.17 a year ago. Adjusted EBITDA was $49,000 against $1,069,000 a year ago. Maintenance capital expenditures were $63,000 against $5,104,000 a year ago.
For the nine months, the company reported total revenues of $82,306,000 against $110,669,000 a year ago. Operating loss was $225,099,000 against $815,000 a year ago. Net loss attributable to the company was $228,556,000 against $2,943,000 a year ago. Net loss per common unit was $12.34 against $0.20 a year ago. Adjusted EBITDA was $7,293,000 against $5,791,000 a year ago. Maintenance capital expenditures were $1,254,000 against $12,752 a year ago.
For the quarter, the company reported total production volumes of 265,630 (Boe) against 427,501 (Boe). Average daily volumes was 2,887 (Boe) against 4,647 (Boe) a year ago.
For the nine months, the company reported total production volumes of 913,014 (Boe) against 1,278,426 (Boe). Average daily volumes was 3,344 (Boe) against 4,683 (Boe) a year ago.
For the quarter, the company reported impairment of $49,141,000.