Terra Energy Corp. reported earnings results for the first quarter ended March 31, 2014. The company has reported that net earnings for the first quarter ended March 31, 2014 were CAD 23.04 million, or CAD 0.73 per share, compared to CAD 12.69 million, or CAD 0.46 per share, for the same quarter ended March 31, 2013.

Revenue for the first quarter ended March 31, 2014 was CAD 73.84 million, compared to CAD 59.57 million for the same quarter ended March 31, 2013. Earnings before income taxes for the first quarter ended March 31, 2014 were CAD 30.56 million, compared to CAD 19.21 million for the same quarter ended March 31, 2013.