Fortaleza Energy Inc. announced earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported financial natural gas sales of $124,000 against $298,000 a year ago. Funds used in operations were $610,000 or $0.01 per basic and diluted share against funds from operations of $1,137,000 or $0.02 per basic and diluted share a year ago. Net loss was $1,174,000 or $0.01 per basic and diluted share against net income of $5,040,000 or $0.08 per basic and diluted share a year ago. Total revenue was $1,160,000 against $298,000 a year ago.

For the full year, the company reported financial natural gas sales of $937,000 against $946,000 a year ago. Funds used in operations were $1,251,000 or $0.02 per basic and diluted share against $404,000 or $0.01 per basic and diluted share a year ago. Net loss was $1,986,000 or $0.03 per basic and diluted share against net income of $2,779,000 or $0.05 per basic and diluted share a year ago. Total revenue was $1,973,000.

For the quarter, the company reported average natural gas production of 253 Mcf/d against 538 Mcf/d a year ago. Average natural gas liquids production of 8 bbl/d against 16 bbl/d a year ago.

For the full year, the company reported average natural gas production of 360 Mcf/d against 469 Mcf/d a year ago. Average natural gas liquids production of 10 bbl/d against 12 bbl/d a year ago.