Texas Gulf Energy, Incorporated reported unaudited and preliminary earnings results for the year ended December 31, 2012. For the period, the company's consolidated revenues were approximately $36.3 million an increase of $5.4 million, or 17.5%, from consolidated revenues of $30.9 million in the same period in the prior fiscal year. The increase in consolidated Revenue was a result of an increase in utilization at International Plant Services, L.L.C., improved billing rates at Fishbone Services Inc., and the underlying business environment.

The preliminary and unaudited net income decreased from $1.1 million for the year ended December 31, 2011 to approximately $300,000 for the year ended December 31, 2012.