Abraxas Petroleum (AXAS) Tops Q1 EPS by 1c

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Go back to Abraxas Petroleum (AXAS) Tops Q1 EPS by 1c

Abraxas Announces First Quarter 2018 Financial and Operating Results

May 8, 2018 4:00 PM EDT

SAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (NASDAQ: AXAS) today reported financial and operating results for the three months ended March 31, 2018.

Financial Highlights for the Three Months Ended March 31, 2018

The three months ended March 31, 2018 resulted in:

Production of 944 MBoe (10,485 Boepd) Revenue of $40.6 million Net income of $10.8 million, or $0.07 per share Adjusted net income(a) (excluding certain non-cash items) of $14.9 million, or $0.09 per share EBITDA(a) of $27.0 million Adjusted EBITDA per bank... More