Yuma Energy, Inc. Announces Unaudited Consolidated Production and Earnings Results for the First Quarter Ended March 31, 2018
Yuma Energy, Inc. announced unaudited consolidated production and earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced revenues of $5,645,536 compared to $7,144,424 for the same period a year ago. Loss from operations was $1,451,831 compared to $1,024,086 for the same period a year ago. Loss before taxes was $3,172,920 compared to income of $2,628,656 for the same period a year ago. Net loss attributable to common stockholders was $3,536,937 or $0.16 per diluted share compared to income of $2,262,515 or $0.16 per diluted share for the same period a year ago. Net cash used in operating activities was $4,400,810 compared to net cash provided by operating activities of $951,526 a year ago. Capital expenditures for oil and gas properties were $3,507,005 compared to $2,053,826 for the same period a year ago.
For the quarter, the company reported production volumes of crude oil and condensate of 47,157 Bbl against 76,397 Bbl a year ago. Natural gas was 633,440 Mcf against 899,427 Mcf a year ago. Natural gas liquids were 25,243 Bbl against 33,474 Bbl a year ago.