Yuma Energy, Inc. reported unaudited financial and production results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported sales of natural gas and crude oil of $5,822,577 against $6,554,704 a year ago. Loss from operations was $1,449,064 against $1,774,557 a year ago. Income before income taxes was $4,030,385 against $183,977 a year ago. Net loss was $4,030,385 against $163,396 a year ago. Net loss attributable to common stockholders was $4,404,801 or $0.19 per basic and diluted share against $512,696 or $0.04 per basic and diluted share a year ago.

For the six months, the company reported sales of natural gas and crude oil of $11,468,113 against $13,699,128 a year ago. Loss from operations was $2,900,897 against $2,798,643 a year ago. Income before income taxes was $7,203,306 against income of $2,444,679 a year ago. Net loss was $7,203,306 against income of $2,438,729 a year ago. Net loss attributable to common stockholders was $7,941,739 or $0.35 per basic and diluted share against income of $1,749,819 or $0.14 per basic and diluted share a year ago. Net cash provided by operating activities was $3,063,719 against $2,889,407 a year ago. Capital expenditures for oil and gas properties were $6,928,684 against $4,526,587 a year ago.

For the quarter, the company reported production of crude oil and condensate of 47,322 Bbls against 66,242 Bbls a year ago. Natural gas was 538,241 Mcf against 786,111 Mcf a year ago. Natural gas liquids were 28,974 Bbls against 35,092 Bbls a year ago. Total was 166,003 Boe against 232,353 Boe a year ago.

For the six months, the company reported production of crude oil and condensate of 94,479 Bbls against 142,640 Bbls a year ago. Natural gas was 1,171,681 Mcf against 1,685,538 Mcf a year ago. Natural gas liquids were 54,217 Bbls against 68,566 Bbls a year ago. Total was 343,976 Boe against 492,129 Boe a year ago.

For the quarter, the company reported impairment of long lived assets of $176,968.