Approach Resources (AREX) Tops Q3 EPS by 4c, Revenues Beat
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Disciplined Execution Drives Approach Resources Third Quarter 2018 Results
November 8, 2018 4:54 PM ESTFORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) today reported third quarter 2018 financial and operational results.
Financial and operational highlights for third quarter 2018
Drilled six wells and completed two horizontal Wolfcamp wells Production of 1,043 MBoe or 11.3 MBoe/day Revenues of $32.6 million, a 27% increase over prior year quarter Generated $4.5 million of operating income Net loss was $4.3 million or $0.05 per diluted share, and adjusted net loss (non-GAAP) was $4.2 million or $0.04 per diluted share... More