Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Financial Results | Capital Markets
FX Energy Hits 12.4 Mmcfe/d in Production During 4Q
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FX Energy, Inc. announced financial results for its fourth quarter and full year of 2014. The Company reported a net loss for the full year 2014 of $59.2 million, or $1.12 per share, compared to a net loss in 2013 of $11.8 million, or $0.22 per share. Included in the Company's yearly results were noncash, intracompany foreign exchange losses of $26.2 million for 2014, and noncash foreign exchange gains of $5.0 million for 2013. Without the foreign exchange gains and losses, the Company would have recorded net losses of $33.0 million and $16.8 million for 2014 and 2013, respectively.
For the fourth quarter of 2014, the Company reported a net loss of $37.3 million, or $0.69 per share, compared to net income of $3.8 million, or $0.07 per share, during the same quarter of 2013. Fourth quarter…
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