Isramco Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenues were $11,452,000 against $11,464,000 a year ago. Operating income was $779,000 against $1,926,000 a year ago.

Net loss was $509,000 or $0.19 per basic and diluted share against net income of $1,542,000 or $0.57 per basic and diluted share a year ago. This decrease was primarily due to net gain of $3,650,000 on sale of investment in shares of Jerusalem Oil Exploration Ltd, a related party in 2012, lower crude oil and NGLs sales revenues as a result of the decrease in crude oil and NGLs prices and oil production volumes which were partially offset by increase in revenues from well service activities, and net loss on derivative contracts recorded in 2012. Net cash provided by operating activities was $1,913,000 against $5,460,000 a year ago.