Magnum Hunter Resources Reports Earnings

Press release:

• oil and gas revenues increased 64% to $59.4 million for the fourth quarter of 2013, compared with revenues of $36.1 million for the fourth quarter of 2012 
• midstream and marketing revenues increased 595% to $18.2 million for the fourth quarter of 2013, compared with revenues of $2.6 million for the fourth quarter of 2012 
• adjusted EBITDAX (a) for the fourth quarter of 2013 and full year 2013 were $37.0 million and $112.4 million, an increase of 54% and 48%, respectively 
• adjusted net loss (a) of ($0.14) per diluted share is reported for the fourth quarter of 2013