PostRock Energy Corporation Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
For the year, the company reported net income of $14,541,000 against net loss of $10,756,000 a year ago. EBITDA was $52,421,000 against $22,252,000 a year ago. Adjusted EBITDA was $19,840,000 against $28,006,000 a year ago. Total revenues were $83,505,000 against $72,300,000 a year ago. Operating loss was $67,000 against $11,298,000 a year ago. Income before income taxes was $3,862,000 against loss before income taxes of $23,186,000 a year ago. Basic and diluted income per share was $0.98 against basic and diluted loss per share of $9.32 a year ago. Net cash flows from operating activities was $19,633,000 against $11,243,000 a year ago. Capital expenditures for the year totaled $37.5 million in 2014. This included $27.0 million spent on exploration and development, $5.8 million on maintenance expenditures, including the compressor optimization project, and acquisition and geological and geophysical expenditures of $1.8 million and $1.4 million, respectively.