New Source Energy Partners L.P. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $38,117,000 compared to $27,427,000 a year ago. Operating loss was $57,082,000 compared to operating income of $3,005,000 a year ago. Net loss was $57,172,000 compared to $1,531,000 a year ago. Net loss per common unit was $3.03 compared to $0.12 a year ago. Adjusted EBITDA was $6,105,000 compared to $12,090,000 a year ago. Distributable cash flow was $3,917,000 against $7,412,000 a year ago. Maintenance capital expenditures were $1,039,000 against $3,679,000 a year ago.

For the quarter, the company's average net daily production was 3,889 Boe/d compared to 4,566 Boe/d a year ago. Total crude oil production was 37,561 Bbls compared to 40,681 Bbls a year a year ago. Natural gas production was 736,758 Mcf compared to 988,216 Mcf a year a year ago. Natural gas liquids production was 189,689 Bbls compared to 205,583 Bbls a year a year ago.

For the first quarter, the company recorded impairment of oil and natural gas properties of $43,119,000.