Intercept Energy Services Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. The company's gross revenues were lower by 15% to CAD 1.2 million for the three months ended March 31, 2015 compared to CAD 1.4 million for the same quarter last year, mainly due to decrease in the average charge out rates for its Heating Units in the USA due to the general overall slowdown of the oil and gas activities in the regions where the Corporation operates. Net loss before other items for the quarter ended March 31, 2015 was CAD 0.9 million compared to a net loss before other items of CAD 0.3 million for the same quarter last year and increase in loss before other items by 166%, mainly due to decrease in overall revenues and decrease in average charge out rates for its Heating Units during the current quarter due to slower oil and gas activities in the regions where the Corporation operates.

Net loss for the quarter ended March 31, 2015 was CAD 1.1 million compared to a net loss of CAD 0.4 million for the same quarter last year an increase in loss by 170%, mainly due decrease in overall revenues and decrease in average charge out rates for its Heating Units during the current quarter due to slower oil and gas activities in the regions where the Corporation operates and increase in finance expenses as the Corporation entered into higher rate lease financing for its Equipment during the second half of 2014. Basic and diluted loss per common share was CAD 0.01 against CAD 0.00 per share a year ago.