Intercept Energy Services Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company's gross revenues were higher by 114% to $1.1 million compared to $0.5 million for the same quarter last year and were higher by 19% to $2.2 million compared to $1.9 million on a year to date basis, due to increase in number of Heating Units in operation in 2015 and also additional revenues generated during the second quarter of 2015 on acquisition of 640 Energy by managing a water depot and a disposal well. Net loss before other items for the quarter ended June 30, 2015 decreased to $0.5 million compared to a net loss before other items of $0.8 million for the same quarter last year due to increase in revenues during the quarter.

Net loss before other items was $1.4 million compared to $1.1 million on a year to date basis compared to the same period last year, mainly due to increase in overall operation costs in first quarter of 2015. Net loss for the quarter ended June 30, 2015 was $0.2 million compared to a net loss of $0.2 million for the same quarter last year and net loss was $1.9 million compared to $1.3 million on a year to date basis compared to the same period last year, mainly due to increase in overall operating costs in first quarter of 2015 and increase in finance expense on a year to date basis.