Abraxas Petroleum (AXAS) Posts Q1 Loss of $0.15/Share

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Go back to Abraxas Petroleum (AXAS) Posts Q1 Loss of $0.15/Share

Abraxas Announces First Quarter 2019 Financial and Operating Results

May 6, 2019 5:10 PM EDT

SAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (NASDAQ: AXAS) today reported financial and operating results for the three months ended March31, 2019.

Financial Highlights for the ThreeMonths Ended March 31, 2019

The three months ended March 31, 2019 resulted in:

Production of979MBoe (10,874Boepd) Revenue of $34.5million Net loss of $25.5million, or$0.15 per share Adjusted net income (excluding certain non-cash items)(a) of $2.6 million, or $0.02per share EBITDA(a) of $19.7 million Adjusted EBITDA per bank loan covenants(a) of $19.7 million... More