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Vanguard Natural Resources Details 1Q 2014 Financial Results

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May 1, 2014

On April 29, Vanguard Natural Resources LLC (NASDAQ: VNR) detailed its financial results for first-quarter 2014, which ended March 31.

Net income was $24.6 million, up from first-quarter 2013’s $16.9 million, the company said.Capex had increased from first-quarter 2013, the company said, noting that it was $31.2 million compared to $14.6 million. The capex covered drilling, workover and well recompletions, the company said.

Throughout the year, low-risk development drilling will be focused on natural gas and oil wells with a high British thermal unit, Vanguard added. The capital budget for ...

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