New Source Energy Partners L.P. reported unaudited earnings results for the third quarter and nine months and operating results for the third quarter ended September 30, 2014. For the quarter, the company reported total revenues of $56,424,000 against $12,431,000 for the same period a year ago. Operating loss was $5,247,000 against income of $2,121,000 for the same period a year ago. Loss before income taxes was $2,926,000 against $1,986,000 for the same period a year ago. Net loss attributable to company was $3,168,000 against $1,986,000 for the same period a year ago. Net loss per common unit was $0.18 against $0.22 per share a year ago. Adjusted EBITDA was $19,292,000 against $7,112,000 for the same period a year ago. Distributable cash flow was $13,048,000 or $0.73 per unit against $4,106,000 a year ago.

For the first nine months of 2014, the company reported total revenues of $110,669,000 against $32,440,000 for the same period a year ago. Operating loss was $986,000 against $1,541,000 for the same period a year ago. Loss before income taxes was $1,986,000 against income before income taxes of $7,358,000 for the same period a year ago. Net loss attributable to company was $3,144,000 against profit of $4,768,000 for the same period a year ago. Net loss per common unit was $0.21 against $0.01 per share a year ago. Adjusted EBITDA was $42,823,000 against $17,611,000 for the same period a year ago. Distributable cash flow was $27,072,000 against $10,488,000 a year ago.

For the quarter, the company reported average net daily production was 4,647 boe/d compared to 3,936 boe/d for the same period a year ago. Natural gas production was 960,434 Mcf compared to 755,889 Mcf for the same period a year ago. Natural gas liquids production was 227,439 Bbls compared to 216,225 Bbls for the same period a year ago.