PostRock Energy Corporation announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $11.173 million against $21.596 million a year ago. Operating loss was $47.447 million against operating income of $0.222 million a year ago. Loss before income taxes was $53.317 million against $7.445 million a year ago. Net loss attributable to common stockholders was $53.317 million or $7.90 per basic and diluted share against $7.445 million or $2.34 per basic and diluted share a year ago. Negative EBITDA was $41.533 million against positive EBITDA of $4.852 million a year ago. Adjusted EBITDA was $7.335 million against $6.545 million a year ago. During the quarter, capital expenditures totaled $1.1 million.

For the six months, the company reported total revenue of $23.669 million against $43.399 million a year ago. Operating loss was $55.263 million against operating income of $0.925 million a year ago. Loss before income taxes was $59.693 million against $15.067 million a year ago. Net loss attributable to common stockholders was $59.693 million or $9.0 per basic and diluted share against $15.067 million or $4.80 per basic and diluted share a year ago. Negative EBITDA was $36.269 million against positive EBITDA of $8.961 million a year ago. Adjusted EBITDA was $10.339 million against $12.642 million a year ago. Net cash flows from operating activities were $7.446 million against $8.451 million a year ago. Expenditures for equipment, development and leasehold were $7.090 million against $14.737 million a year ago.

For the quarter, the company's averaged 649 barrels per day, down 5% from the prior-year period. Total natural gas production was 3,167 MMcf against 3,336 MMcf a year ago. Total crude oil production was 59,058 Bbls against 62,050 Bbls a year ago. Total natural gas 22:1 oil-to-gas economic equivalency was 4,467 MMcfe against 4,701 MMcfe a year ago. Total natural gas 6:1 oil-to-gas economic equivalency was 3,521 MMcfe against 3,708 MMcfe a year ago.

For the six months, the company's averaged 649 barrels per day, down 5% from the prior-year period. Total natural gas production was 6,279 MMcf against 6,594 MMcf a year ago. Total crude oil production was 130,964 Bbls against 115,636 Bbls a year ago. Total natural gas 22:1 oil-to-gas economic equivalency was 9,160 MMcfe against 9,137 MMcfe a year ago. Total natural gas 6:1 oil-to-gas economic equivalency was 7,065 MMcfe against 7,287 MMcfe a year ago.

The company recorded an impairment of its oil and gas properties of $39.4 million in the second quarter of 2015.

For the remainder of the year 2015, at current NYMEX oil and natural gas forward prices and current expected costs, of 2015, for the remainder management expects to record between $40 and $50 million of additional impairments to the carrying value of the company's oil and natural gas properties.

Management expects to record approximately $25 million and $20 million in the third and fourth quarters of 2015, respectively.