Quattro Exploration and Production Ltd. announced earnings and operating results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of CAD 2,398,139, net income from operations of CAD 764,796. Comprehensive net income was CAD 256,019. Profit per share was CAD 0.01. Net debt (excluding decommissioning, non-cash liabilities & deferred taxes) was CAD 10,182,882.

The company's production averaged 1,646 boe/d in the first quarter with oil production increasing 150% to 465 barrels per day, as a result of the closing of its acquisition at Superb, Saskatchewan.