Vanguard Natural Resources, LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net loss attributable to company of $27,023,000 or $0.42 per basic and diluted share compared to $2,024,000 or $0.04 per basic and diluted share for the same period of last year. Total revenues were $67,406,000 against $56,744,000 a year ago. Loss from operations was $11,351,000 against income from operations of $4,556,000 a year ago. Adjusted EBITDA was $72,433,000 against $53,239,000 a year ago. Adjusted net income was $16,889,000 or $0.26 per share against $21,612,000 or $0.41 per share a year ago. Distributable cash flow was $41,400,000 or $0.61 per unit against $44,498,000 or $0.86 per unit a year ago. Capital expenditures for the drilling, capital workover and recompletion of oil and natural gas properties were approximately $14.6 million in the first quarter of 2013 compared to $8.2 million for the comparable quarter of 2012 and $10.1 million for the fourth quarter of 2012. The company put together a capital budget of approximately $55 million with an additional $5 million to $10 million in operated projects identified. For the quarter, the company produced 11,990 MMcf of natural gas, an increase of 68% from the 7,147 MMcf of natural gas produced in the fourth quarter of 2012, 725 MBbls of oil, an increase of 4% from the 697 MBbls of oil produced in the fourth quarter of 2012, and 257 MBbls of NGLs, an increase of 23% from the 210 MBbls of NGLs produced in the fourth quarter of 2012. The company reported average production of 33,122 BOE per day in the first quarter of 2013, up 144% over 13,569 BOE per day produced in the first quarter of 2012 and a 45% increase from the fourth quarter of 2012. On a BOE basis, crude oil, natural gas and natural gas liquids accounted for 24% 67%, and 9% of its first quarter 2013 production, respectively. This significant increase in production from 2012 is a direct result of the Arkoma acquisition completed on June 30, 2012 from Antero Resources and the Barrett transaction which closed at the end of last year. The company expects its capital spending in the second quarter will be less than the $19.0 million. The total capital spends for the year 2013 is expected to be approximately $4 million on assets. In terms of percent of production hedged, 2013 expected gas production is 94% hedged, 2014 is 86%, 2015 is 93% and 2016 is 95% hedged and the first half of 2017 is approximately 48% hedged all at weighted average prices of about $4.62. 2013 expected oil production is 100% hedged, 2014 is 88% hedged and 2015 is 36% hedged.

Vanguard Natural Resources, LLC will be added to NASDAQ Composite Index.

Vanguard Natural Resources, LLC announced that its board of directors has declared a cash distribution attributable to the month of March 2013 of $0.2025 per unit payable on May 15, 2013 to unit holders of record on May 1, 2013.