On May 7, Jones Energy Inc. (NYSE: JONE) detailed its financial results for first-quarter 2014, which ended March 31.
Net income was $9.4 million, the company said.
Total operating revenues increased by 77%, or $42.7 million, from first-quarter 2013, the company said. They stood at $98.2 million, compared to first-quarter 2013’s $55.5 million, the company said. The increase was due to higher production volumes for crude oil and natural gas, as well as higher prices for all products, Jones Energy added.
Total operating expenses increased by 67%, or $25 million, ...