Abraxas Petroleum (AXAS) Reports In-Line Q3 EPS, Revenues In-Line

Abraxas Petroleum (NASDAQ: AXAS) reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $24.7 million versus the consensus estimate of $24.77 million.

The three months ended September 30, 2017 resulted in:

• Production of 805 MBoe (8,745 Boepd)
• Revenue of $24.7 million
• Net loss of $0.8 million, or $0.00 per share
• Adjusted net income(a) (excluding certain non-cash items) of $6.1 million, or $0.04 per share
• EBITDA(a) of $15.7 million
• Adjusted EBITDA per bank loan covenants of $15.9 million(a)

(a) See reconciliation of non-GAAP financial measures below.

For earnings history and earnings-related data on Abraxas Petroleum (AXAS) click here.

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