SOURCE: Industrial Info Resources

Industrial Info Resources

March 09, 2010 05:20 ET

Eagle Rock Energy Takes Major Hits in Fourth-Quarter, Full-Year 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 9, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Energy company Eagle Rock Energy Partners LP (NASDAQ:EROC) (Houston, Texas) reported net income losses and declines in revenue for fourth-quarter and full-year 2009, although the company stressed that much of this could be attributed to one-time losses on commodity derivatives and debt payments. Eagle Rock reported a net income loss of $68.65 million for the fourth quarter, compared to an income gain of $54.8 million in the same period in 2008, and a loss of $171.26 million for the full year, compared to a gain of $87.52 million in 2008.

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