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Trilogy Energy Trust reports Q3 loss as revenue falls from year ago

 
11/9/2009 5:51:00 PM | Canadian Press (English)

CALGARY - Trilogy Energy Trust (TSX:TET.UN) said Monday it lost $10.8 million in its most recent quarter as revenue was cut in less than half.

The trust said the loss amounted to 11 cents per diluted unit for the quarter ended Sept. 30 compared with a profit of $131.1 million or $1.35 per diluted unit a year ago when the company recorded a $109-million gain on derivatives.

Petroleum and natural gas sales totalled $49.1 million, down from $125.6 million.

Trilogy Energy Trust is a petroleum and natural gas-focused Canadian energy trust.

© The Canadian Press, 2005
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