PostRock Energy Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
For the year, the company reported total revenue of $72,300,000 compared to $54,995,000 a year ago. Operating loss was $11,298,000 compared to $35,911,000 a year ago. Loss from continuing operations before income taxes was $8,856,000 compared to $44,717,000 a year ago. Loss from continuing operations was $9,036,000 or $0.93 basic and diluted per share compared to $44,717,000 or $4.12 diluted per share a year ago. Net loss available to common stock was $23,366,000 or $0.93 basic and diluted per share compared to $58,893,000 or $4.33 diluted per share a year ago. Net cash flows from operating activities were $11,243,000 compared to $69,119,000 a year ago. Equipment, development, leasehold and pipeline were $52,283,000 compared to $16,759,000 a year ago. EBITDA was $22,252,000 compared to LBITDA of $6,596,000 a year ago. Adjusted EBITDA was $19,840,000 compared to $73,358,000 a year ago.