Vanguard Natural Resources Swings To Q4 Profit

(RTTNews) - Vanguard Natural Resources, LLC (VNR) Wednesday reported fourth-quarter net income of $870 thousand or $0.01 per share, compared to net loss of $201.5 million or $3.41 per share last year.

Adjusted net income for the quarter were $0.14 per share compared to $0.27 per share last year. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped to $108.0 million from $110.7 million last year. Analysts estimated revenues of $125.34 million for the quarter.