American Power Group Corporation reported consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company's net sales decreased $1,227,000 or 69% to $556,000 as compared to net sales of $1,782,000 for the three months ended June 30, 2014. Due to increased oil reserves and a decrease in the growth rate of demand throughout certain parts of the world the price of oil in the U.S. has dropped to the $50 - $60 per barrel range which has resulted in a steady decrease in diesel prices during the three months ended June 30, 2015. Net loss available to common shareholders was $1,710,000 or $0.03 per basic share as compared to a net income available to common shareholders of $7,634,000 or $0.16 per basic share for the three months ended June 30, 2014. Operating loss from continuing operations was $1,191,000 compared to $619,000 for the last year.

For the nine months, the company's net sales decreased $2,797,000 or 57% to $2,086,000 as compared to net sales of $4,883,000 for the nine months ended June 30, 2014. Due to increased oil reserves and a decrease in the growth rate of demand throughout certain parts of the world the price of oil in the U.S. has dropped to the $50 - $60 per barrel range which has resulted in a steady decrease in diesel prices during the nine months ended June 30, 2015. Net income available to common shareholders was $1,062,000 or $0.04 per basic share as compared to a net loss available to common shareholders of $3,028,000 or $0.05 per basic share for the nine months ended June 30, 2014. Operating loss from continuing operations was $3,060,000 compared to $1,295,000 for the last year.