Eagle Rock Energy Partners L.P. (EROC) Wednesday reported first-quarter net loss of $33 million, wider than the net loss of $50 million last year.
Revenues for the quarter were $255.7 million, compared to $225.8 million a year ago. Analysts polled by Thomson Reuters estimated revenues of $307.73 million for the quarter.
Expenses for the quarter totaled $275 million, compared to $264 million a year ago.
"We faced a challenging operating environment in the first quarter with severe winter storms impacting our midstream volumes and efficiencies in the Panhandle, and with NGL," said CEO Joseph Mills.
"Our integration of the midstream assets acquired from BP is progressing well, and we continue to see great interest from producers as evidenced by our recent acreage dedication agreement with Apache," added Mills.
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