Isramco Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $23,233,000, compared to $17,038,000 for the same quarter of 2013, a 36% increase. This was primarily due to growth in Isramco's well service segment, which increased revenues to $7,482,000 compared to $2,993,000 for the corresponding period in 2013, and to higher production volumes and sale prices for natural gas and crude oil in the United States revenues derived from domestic sales increased to $10,073,000 from $9,159,000 for the same period in 2013. Net income was $3,939,000, or $1.46 per basic and diluted share compared to net income of $3,172,000, or $1.14, per basic and diluted share, for the same period in 2013. This increase was primarily due to royalty revenues from the Tamar Field and increased revenues from domestic production. These increases in Revenues were partially offset by related increases in operating expenses. Operating income was $7,781,000 against $6,464,000 a year ago.

For the six months, the company reported net income of $8,124,000, or $2.96 per basic and diluted share as compared to a net income of $2,663,000 or $0.96 per basic and diluted share, for the comparable six month period in 2013. This increase was primarily due to Isramco's overriding royalty interest in the Tamar Field, which generated $10,214,000 in net revenues as compared to $4,641,000 in 2013. Operating income was 15,817,000 against 7,243,000 a year ago. Net cash provided by operating activities was $13,801,000 against $7,353,000 a year ago.