Warren Resources (WRES) Reports In-Line Q3 EPS

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Warren Resources Announces Third Quarter 2014 Financial and Operating Results

November 4, 2014 6:45 AM EST

Total Revenue Increases 17% to $40.5 Million Production Increases 116% to approximately 7.1 Bcfe Lease Operating Expense and Taxes per Mcfe Declines 33%

NEW YORK, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Warren Resources, Inc. (Nasdaq: WRES) today reported its third quarter 2014 financial and operating results. Warren reported net income of $3.7 million, or $0.05 per basic and diluted share, compared to net income of $14.7 million, or $0.20 per basic and diluted share for the third quarter of 2013.

The Company's financial results in the third quarter of 2014 were impacted by $3.7 million of... More