Vanguard Natural Resources net loss widens to $6.79 million in May

By Caroline Salls

Pittsburgh, June 30 – Vanguard Natural Resources, LLC reported a $6.79 million net loss for May on $42.01 million in revenue, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

Those figures showed a decline from the $1.63 million net loss posted for April on $42.39 million in revenue.

The company had $170.44 million in cash as of May 31, up from $68.95 million at the end of April.

Vanguard is a Houston-based oil and gas exploration and development company. The company filed for bankruptcy on Feb. 1 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 17-30560.

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