Forbes Energy Services Ltd. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $111,726 compared with $109,659 for the same period a year ago. Operating income was $1,619 compared with $2,743 for the same period a year ago. Loss from continuing operations before taxes was $5,392 compared with $4,339 for the same period a year ago. Loss from continuing operations was $3,991 or $0.19 per basic and diluted share compared with $3,880 or $0.19 per basic and diluted share for the same period a year ago. Net loss attributable to common shareholders was $4,185 or $0.19 per basic and diluted share compared with $4,072 or $0.19 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $16,414 compared with $18,038 for the same period a year ago.

For the year, the company reported total revenues of $449,278 compared with $419,933 for the same period a year ago. Operating income was $16,838 compared with $10,772 for the same period a year ago. Loss from continuing operations before taxes was $11,381 compared with $17,412 for the same period a year ago. Loss from continuing operations was $8,321 or $0.42 per basic and diluted share compared with $12,797 or $0.64 per basic and diluted share for the same period a year ago. Net loss attributable to common shareholders was $9,097 or $0.42 per basic and diluted share compared with $13,866 or $0.65 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $75,061 compared with $68,462 for the same period a year ago.