Forbes Energy Services Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $62,810,000 compared to $113,175,000 a year ago. Operating loss was $6,858,000 compared to income of $4,896,000 a year ago. Pre-tax loss was $13,629,000 compared to $2,052,000 a year ago. Net loss attributable to common shareholders was $8,942,000 or $0.41 per diluted share compared to $1,687,000 or $0.08 per diluted share a year ago. Adjusted EBITDA from U.S. Operations was $7,411,000 compared to $19,590,000 a year ago. Capital expenditures for equipment received during the three months ended June 30, 2015 amounted to $3.4 million, which is comprised of expenditures in the company's fluid logistics segment of approximately $2.7 million, and $700,000 for the well servicing segment. Net cash provided by operating activities totaled $9.4 million for the three months ended June 30, 2015, compared to $21.4 million in the previous quarter. The decrease in cash provided by operating activities was primarily due to various changes in working capital in the normal course of business. The company posted a wider loss as demand dropped due to crumbling oil prices.

For the six months period, the company reported total revenues of $147,143,000 compared to $223,086,000 a year ago. Operating loss was $6,502,000 compared to income of $10,317,000 a year ago. Pre-tax loss was $20,138,000 compared to $3,877,000 a year ago. Net loss attributable to common shareholders was $13,570,000 or $0.62 per diluted share compared to $3,175,000 or $0.15 per diluted share a year ago. Adjusted EBITDA from U.S. Operations was $22,049,000 compared to $39,103,000 a year ago.