Miller Energy Loss Amid Revenue Growth - Quick Facts

(RTTNews) - Oil and gas company Miller Energy Resources Inc (MILL) Tuesday reported first-quarter net loss to stockholders of $15.6 million or $0.34 per share compared with a loss of $9.4 million or $0.22 per share last year.

Revenues for the quarter were higher at $25.4 million compared with $13 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.19 per share on revenues of $27.2 million for the quarter. Analysts' estimates typically exclude special items.

Average net production for the quarter increased 144% year-over-year to 3,313 boe/d.

Operating expenses for the quarter rose to $35 million from $19 million a year ago, due to higher depreciation and general expenses.