Operational Updates | Service & Supply | Quarterly / Earnings Reports | Oilfield Services
GreenHunter: 1,444% Growth Due to Shale Expansion
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GreenHunter Energy Inc. has reported financial and operating results for the fiscal year ended December 31, 2012.
Operating Results - Twelve Months Ended December 31, 2012New business activities in our water management segment comprised the entirety of our $17.1 million of operating revenues during 2012 compared to water management operating revenues of $1.1 million in 2011. Adjusted EBITDA increased $8.1 million from a negative $2.8 million during fiscal 2011 to $5.3 million during fiscal 2012. Our net loss to common shareholders for fiscal year 2012 was $21.2 million or ($0.73) per common share compared to a net loss of $5.5 million or ($0.22) per common share during 2011. The net loss in 2012 included a non-cash write-down of a legacy renewable asset in the amount of $15.9 million…
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Gulf Coast - South Texas News
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