Abraxas Petroleum (AXAS) Reports Q2 Loss of $0.45

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Go back to Abraxas Petroleum (AXAS) Reports Q2 Loss of $0.45

Abraxas Announces Second Quarter 2016 Results

August 9, 2016 4:20 PM EDT

SAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (NASDAQ: AXAS) today reported financial and operating results for the three and six months ended June 30, 2016.

Financial and Operating Results for the Three Months Ended June 30, 2016

The three months ended June 30, 2016 resulted in:

Production of 444 MBoe (4,883 Boepd) Revenue of $11.0 million Adjusted EBITDA(a) of $2.2 million Adjusted EBITDA per bank loan agreement of $13.9 million(a) Adjusted discretionary cash flow(a) of $1.2 million... More