Inactive Instrument

Abraxas Petroleum Corporation

Equities

ABP

US0038303048

Oil & Gas Exploration and Production

Abraxas Petroleum Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

August 12, 2022 at 10:57 am EDT

Abraxas Petroleum Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 14.54 million compared to USD 18.44 million a year ago. Net income was USD 6.75 million compared to net loss of USD 14.01 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to basic loss per share from continuing operations of USD 1.67 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to diluted loss per share from continuing operations of USD 1.67 a year ago.
For the six months, revenue was USD 26.72 million compared to USD 35.11 million a year ago. Net income was USD 46.88 million compared to net loss of USD 37.7 million a year ago. Basic earnings per share from continuing operations was USD 5.92 compared to basic loss per share from continuing operations of USD 4.49 a year ago. Diluted earnings per share from continuing operations was USD 4.82 compared to diluted loss per share from continuing operations of USD 4.49 a year ago.

Latest news about Abraxas Petroleum Corporation

North American Morning Briefing : Recession Threat Grows as Further Tightening Likely	23-06-23	DJ
North American Morning Briefing : Stock Futures -2-	23-06-16	DJ
North American Morning Briefing : Caution Ahead of Fed, Inflation Data to Hold Back Stocks	23-06-09	DJ
North American Morning Briefing : Stock Futures -2-	23-06-02	DJ
North American Morning Briefing : Investors Await -2-	23-05-26	DJ
North American Morning Briefing : Powell on Tap -2-	23-05-19	DJ
North American Morning Briefing : Hopes of Easing -2-	23-05-12	DJ
Abraxas Petroleum Corporation Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-17	CI
North American Morning Briefing : Stock Futures -3-	23-04-05	DJ
North American Morning Briefing : Investor Mood -3-	23-03-29	DJ
Angelo, Gordon & Co., L.P. acquired Abraxas Petroleum Corporation.	22-12-30	CI
Abraxas Petroleum Corporation Appoints Kenneth R. Cooper as Class III Director and Member of Audit Committee and Compensation Committee of the Board	22-11-17	CI
Abraxas Petroleum Corporation Announces Executive Changes	22-11-15	CI
Abraxas Petroleum Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-14	CI
Abraxas Petroleum Corporation Announces Steven P. Harris Would No Longer as Chief Financial Officer, Effective as of September 30, 2022	22-09-16	CI
Abraxas Petroleum Corporation Announces Executive Changes	22-09-16	CI
Abraxas Petroleum Corporation Appoints David N. Roberts to the Board as a Class II Director	22-09-13	CI
Abraxas Petroleum Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-12	CI
Abraxas Petroleum Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-16	CI
Abraxas Petroleum Corporation Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-31	CI
Abraxas Petroleum Corporation Announces Executive Changes	22-01-03	CI
Abraxas Petroleum Corporation Announces the Repayment of All of Its Revolving Credit Facility	22-01-03	CI
Lime Rock Resources V-A, L.P. managed by Lime Rock Management LP acquired Certain Oil, Gas, and Mineral Properties in the Williston Basin Region of North Dakota from Abraxas Petroleum Corporation for $87.2 million.	22-01-02	CI
Abraxas Petroleum Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-15	CI
Abraxas Petroleum Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-16	CI

Chart Abraxas Petroleum Corporation

Duration

Period

More charts

Company Profile

Abraxas Petroleum Corporation is an energy company. It is primarily engaged in the acquisition, exploration, development and production of oil and gas. Its oil and gas assets are in two operating regions, the Permian/Delaware Basin and the Rocky Mountain. Its properties in the Permian/Delaware Basin region are primarily located in Ward and Winkler Counties, Texas and produce oil and gas primarily from the Bone Spring and Wolfcamp formations. Its properties in the Rocky Mountain region are primarily located in Montana, which produce oil and gas primarily from the Bakken, Three Forks and Red River formations. Its estimated proved reserves are 16.8 million barrels of oil equivalent (MMBoe), of which 100% are classified as proved developed, approximately 57% are oil and approximately 97% of which are operated by the Company. Its daily net production is approximately 4,922 barrels of oil equivalent per day (Boepd), of which approximately 63% is oil.

Sector

Oil & Gas Exploration and Production

More about the company

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
CHEVRON CORPORATION	+11.22%	306B
CONOCOPHILLIPS	+12.21%	153B
CNOOC LIMITED	+51.38%	124B
CANADIAN NATURAL RESOURCES LIMITED	+22.70%	83.43B
EOG RESOURCES, INC.	+12.20%	78.06B
PIONEER NATURAL RESOURCES COMPANY	+19.56%	62.81B
OCCIDENTAL PETROLEUM CORPORATION	+13.52%	60.08B
HESS CORPORATION	+12.74%	49.91B
DIAMONDBACK ENERGY, INC.	+33.97%	37.05B

Other Oil & Gas Exploration and Production