Abraxas Petroleum (AXAS) Misses Q3 EPS by 1c

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Go back to Abraxas Petroleum (AXAS) Misses Q3 EPS by 1c

Abraxas Announces Third Quarter 2019 Financial and Operating Results

November 13, 2019 2:24 PM EST

SAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (NASDAQ: AXAS) today reported financial and operating results for the three and nine months ended September 30, 2019.

Financial Highlights for the Three Months Ended September 30, 2019:

The three months ended September 30, 2019 resulted in:

Production of 9,899 Boepd (up 3% vs 2Q19) Revenue of $31.5 million (down 9% vs 2Q19) Net income of $17.0 million, or $ 0.10 per share (up 45% vs 2Q19) Adjusted net income (excluding certain non-cash items)(a) of $ 3.8 million, or $ 0.02 per share (down 10% vs 2Q19) EBITDA(a) of $20.0 million... More