This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GreenHunter Water SWD Injection Volumes (Graphic: Business Wire)

GreenHunter Energy, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC), a diversified water resource, waste management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, announced today financial and operating results for the three and six months ended June 30, 2012.

FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2012

Revenues for the three months ended June 30, 2012 were $4.2 million, compared to zero revenues during the second quarter of 2011. The operating loss for the three months ended June 30, 2012 was $429 thousand, compared to an operating loss of $1.037 million during the second quarter of 2011. Net loss to common shareholders was $1.0 million, ($(0.04) loss per common share basic and diluted) for the three months ended June 30, 2012 compared to a net loss of $1.655 million, ($(0.07) loss per common share basic and diluted), during the second quarter of 2011. The increase in revenues and decrease in both the operating loss and loss to common shareholders was due to the strategic shift in the Company’s business plan to our water management products and services business activities which were initiated in late 2011.

For the three months ended June 30, 2012, GreenHunter Energy’s adjusted Earnings Before Interest, Income Taxes, Depreciation and Amortization’ (“Adjusted EBITDA”) was $573 thousand or $0.02 per basic and diluted common shares outstanding. This represents a 138% increase over the Adjusted EBITDA of $240 thousand or $0.01 per basic and diluted common shares outstanding for the three months ended March 31, 2012. Adjusted EBITDA for the three months ended June 30, 2011 was negative $1.059 million or ($(0.04) loss per common share basic and diluted–a reconciliation of adjusted EBITDA to net loss is included in the tables attached). Second quarter financial numbers reflect a full quarter of revenues from the Hunter Disposal facilities which were acquired in mid-February 2012. Improvements in operational efficiencies, equipment utilization and revenue mix resulted in a 200 basis point sequential improvement in gross margins during the second quarter to 43.5% as compared to what was realized in the first quarter of 2012.

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs