Terra Energy Corp. announced audited earnings results for the year ended December 31, 2014. For the year, the company reported revenue before royalties of $47,125,000 compared to $42,361,000 a year ago.

Loss before income taxes and other income was $16,239,000 compared to $10,411,000 a year ago. Net loss was $15,772,000 compared to net income of $1,891,000 a year ago.