Triangle Petroleum Corp. (NYSE MKT: TPLM) detailed its financial results for the second-quarter fiscal year (FY) 2015, the company said Sept. 8. The second-quarter 2015 FY ended July 31, the company added.
Consolidate revenues increased to $142 million, compared with $50.4 million at the end of second-quarter FY 2014, the company said.
Consolidated net income increased to $14.6 million, compared with $6.8 million at the end of second-quarter FY 2014, the company added.
Adjusted net income increased to $19.5 million, compared with $10.6 million at the end of second-quarter FY 2014, the company noted.
Subsidiary RockPile Energy Services LLC contributed $61.5 million in revenue, and $8.8 million in pre-tax income, to Triangle’s consolidated operations in second-quarter FY 2015. This was higher than second-quarter FY 2014’s $15.8 million in revenue and $0.4 million in pre-tax income, Triangle said.
Denver-based Triangle Petroleum Corp. operates in the Williston Basin.
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