Forbes Energy Services Ltd. reported consolidated earnings results for the first quarter ended March 31, 2016. Consolidated revenues were $31.9 million for the first quarter of 2016, compared to $41.4 million for the fourth quarter of 2015. GAAP net loss attributable to common shares was $24.7 million, or $1.11 per diluted share, for the first quarter of 2016, compared to $19.6 million, or $0.88 per diluted share, for the fourth quarter of 2015. Adjusted EBITDA loss totaled $3.9 million in the first quarter of 2016, as compared to $4.2 million in the fourth quarter of 2015.