Harvest Natural Resources (HNR) Posts Q4 adj.-Loss of 9c/Share

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Harvest Natural Resources Announces 2015 Fourth Quarter and Year-End Results

March 30, 2016 6:30 AM EDT

HOUSTON, March 30, 2016 /PRNewswire/ -- Harvest Natural Resources, Inc. (Harvest or the Company) (NYSE: HNR) today announced 2015 fourth quarter and year-end earnings. 

Harvest posted a fourth quarter 2015 net loss of $73.2 million, or $1.42 per diluted share, compared with a net loss of $179.7 million, or $4.23 per diluted share, for the 2014 fourth quarter.  For the year-ended December 31, 2015, Harvest's net loss was $98.6 million, or $2.18 per diluted share, compared with a net loss of $193.5 million, or $4.60 per diluted share, for 2014. 

The fourth quarter 2015 results include exploration charges of $0.6 million, or $0.01 pre-tax per... More