Abraxas Petroleum (AXAS) Reports In-Line Q4 EPS, Miss on Revenues

Note: EPS may not be comparable

Abraxas Petroleum (NASDAQ: AXAS) reported Q4 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $29.6 million versus the consensus estimate of $30.67 million.

The three months ended December 31, 2017 resulted in:

• Production of 808 MBoe (8,788 Boepd)
• Revenue of $29.6 million
• Net loss of $4.1 million, or $0.02 per share
• Adjusted net income(a) (excluding certain non-cash items) of $7.1 million, or $0.04 per share
• EBITDA(a) of $17.6 million
• Adjusted EBITDA per bank loan covenants of $17.8 million(a)
• For earnings history and earnings-related data on Abraxas Petroleum (AXAS) click here.

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