Constellation Energy Partners LLC reported consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $5.1 million against $20.6 million a year ago. Loss from continuing operations was $10.6 million against income of $6.7 million a year ago. Net loss was $13.3 million or $0.55 per basic and diluted per unit against net loss of $5.9 million or $0.24 per basic and diluted per unit a year ago. Adjusted EBITDA was $5.3 million against $4.6 million a year ago. Capital spending was $2.5 million. The company produced 335 MBOE during the first quarter of 2013 for average net production of 3,722 BOE per day for the quarter against 354 MBOE first quarter of 2012 for average net production of 3,886 BOE per day. Net oil production for the first quarter, which accounted for approximately 14% of the company’s total production during quarter, was 531 barrels per day, which represents an increase in net oil production of approximately 34% over the prior quarter and 64% over the first quarter of 2012. For the year 2013, the company expected capital spending of between $19.0 million and $21.0 million in 2013. Of this amount, $21.0 million is maintenance capital. For the year 2013, the company expected net production to range between 1,267 MBOE and 1,433 MBOE for 2013, with operating costs forecast to range between $31.4 million and $34.2 million for the year.

Constellation Energy Partners LLC, Q1 2013 Earnings Call, May 17, 2013

Constellation Energy Partners LLC announced that they will report Q1, 2013 results After-Market on May 15, 2013