New Source Energy Partners L.P. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairments for the Quarter Ended September 30, 2015
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.