Harvest Natural Resources (HNR) Reports Q4 Loss of $0.60

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Harvest Natural Resources Announces 2016 Fourth Quarter and Year-End Results

March 6, 2017 6:30 AM EST

HOUSTON, March 6, 2017 /PRNewswire/ -- Harvest Natural Resources, Inc. (Harvest or the Company) (NYSE: HNR) today announced 2016 fourth quarter and year-end earnings. 

Harvest posted a fourth quarter 2016 net income of $100.6 million, or $9.00 per basic and diluted share, compared with a net loss of $73.2 million, or $5.70 per basic and diluted share, for the 2015 fourth quarter.  For the year-ended December 31, 2016, Harvest's net income was $66.6 million, or $5.35 per basic and diluted share, compared with a net loss of $98.6 million, or $8.71 per basic and diluted share, for 2015.

The fourth quarter 2016 results include... More