Abraxas petroleum corp (AXAS)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Other

21

1

4

88

12

1

36

-

15

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and gas production revenues

-

-

-

-

-

-

-

-

-

-

18,787

-

13,972

11,004

9,541

13,344

16,075

18,937

18,646

31,180

43,865

33,181

25,475

20,535

29,092

21,478

21,163

16,131

17,146

15,934

16,379

16,450

17,665

16,653

13,847

13,709

14,646

Rig revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

259

259

Other

-

-

-

-

-

-

-

-

-

-

15

-

4

4

23

4

2

7

15

12

9

11

43

4

3

16

33

32

24

4

14

2

1

3

1

1

4

Revenues

31,536

34,820

34,514

35,996

41,625

30,916

40,630

29,588

24,722

13,152

18,802

22,007

13,976

11,008

9,564

13,348

16,077

18,944

18,661

31,192

43,874

33,192

25,518

20,539

29,095

21,494

21,196

16,163

17,170

15,938

16,393

16,452

17,666

16,656

13,848

13,969

14,909

Operating costs and expenses:
Lease operating

5,647

8,066

7,734

7,277

6,724

5,730

4,569

-

4,089

3,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease operating

-

-

-

-

-

-

-

-

-

-

4,118

-

4,599

4,259

4,751

5,268

5,236

6,277

6,293

7,514

7,131

5,585

5,645

5,108

5,469

6,166

6,462

4,446

6,816

5,382

5,934

6,330

5,670

5,566

4,015

5,266

5,040

Production and ad valorem taxes

2,495

2,926

3,098

2,856

3,569

2,485

3,113

2,405

2,045

1,158

1,620

1,852

1,200

1,227

1,175

1,424

1,569

1,886

1,800

2,676

3,744

2,838

2,204

1,962

2,637

1,911

1,927

1,889

1,714

1,489

1,496

1,537

1,549

1,426

1,254

1,292

1,525

Rig expense

0

0

672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion, amortization and accretion

12,605

12,188

13,574

13,034

11,142

8,839

10,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rig expense

-

-

-

-

-

-

-

-

-

-

-

-

192

263

79

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

7,877

4,415

5,374

-

6,371

5,669

5,892

7,677

10,165

8,810

12,069

12,698

13,836

9,106

7,499

6,043

7,260

5,776

6,509

4,764

5,971

5,380

4,838

4,823

4,161

3,780

3,430

3,821

4,433

Proved property impairment

-

-

-

-

-

-

-

-

-

-

-

0

3,806

28,735

35,085

68,682

59,891

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

1,977

-

-

11,761

1,306

-

-

0

0

-

-

-

Rig operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

223

193

General and administrative (including stock-based compensation of $504; $428; $1,398 and $1,894, respectively)

2,736

2,705

2,728

3,662

2,586

3,065

2,728

5,584

5,057

2,898

2,737

5,324

2,760

2,753

2,725

2,598

2,654

3,502

3,034

5,463

2,379

3,061

2,475

4,260

2,410

2,797

2,530

3,441

2,267

2,404

1,901

2,280

2,061

2,446

2,646

2,094

2,191

Total operating cost and expenses

23,483

25,885

27,806

26,829

24,021

20,119

20,670

20,569

19,068

11,892

13,849

18,892

18,928

42,906

49,707

85,649

79,515

20,475

23,196

28,351

27,090

20,590

17,823

15,238

17,934

18,627

17,428

1,473

28,529

15,961

14,169

-

13,441

13,218

-

-

-

Operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,345

12,696

13,382

Operating income

8,053

8,935

6,708

9,167

17,604

10,797

19,960

9,019

5,654

1,260

4,953

3,115

-4,952

-31,898

-40,143

-72,301

-63,438

-1,531

-4,535

2,841

16,784

12,602

7,695

5,301

11,161

2,867

3,768

14,690

-11,359

-23

2,224

1,482

4,225

3,438

2,503

1,273

1,527

Other (income) expense:
Interest income

27

-

-

-

-

-

-

-

0

1

-

-

0

1

-

1

0

0

1

1

0

1

0

1

1

0

1

1

1

1

1

1

2

2

2

2

-2

Interest expense

2,951

-

-

-

1,952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

2,765

2,967

-

-

1,492

1,199

621

868

501

507

478

960

1,152

1,238

1,122

992

958

834

643

548

777

602

979

1,110

1,259

1,208

1,442

1,596

1,270

1,195

974

983

1,336

1,605

2,271

-2,252

Amortization of deferred financing fees

169

128

121

120

113

111

96

69

100

117

137

256

151

448

164

162

161

163

157

155

150

281

348

347

344

343

333

330

311

266

30

247

245

770

500

515

-513

(Gain) 1oss on derivative contracts

12,081

5,636

-29,075

49,274

-13,568

-19,763

-7,883

-12,224

-5,456

6,450

9,381

-7,682

2,429

-13,440

665

6,204

12,219

-3,949

4,827

27,861

-534

-1,356

-734

1,358

-2,124

-783

-925

-365

-84

914

-924

-

16,641

-1,113

-

-

-

Loss on sale of non-oil and gas assets

-

-

-

1

-194

15

-3

0

0

102

0

-

374

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on derivative contracts - unrealized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,959

-

-

-

Loss on derivative contracts - realized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-115

831

-6,550

Loss on derivative contracts - unrealized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,978

-

-

Earnings from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-109

282

1,251

783

123

546

769

749

-237

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-534

96

-14

-87

-55

0

0

-42

-128

-101

-12

-75

61

14

(Gain) on derivative contracts - Unrealized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,979

-7,135

-945

-

-4,490

7,485

-621

-

-5,267

10,296

-

-

-

-

-

-

-

Total other (income) expense

8,988

2,743

-32,163

46,652

-15,827

-21,351

-9,181

-13,128

-6,424

5,935

8,737

-8,416

1,692

-15,039

-737

4,603

11,066

-5,070

3,837

25,164

8,755

-9,548

-2,629

30,502

-7,971

5,086

-3,173

-4,660

-6,975

10,926

-1,407

-6,819

15,860

5,499

-12,522

-2,129

-3,773

Income before income tax

17,041

11,678

-25,455

55,819

1,777

-10,554

10,779

-4,109

-770

7,195

13,690

-5,301

-3,260

-46,937

-40,880

-67,698

-52,372

-6,601

-698

28,005

25,539

3,054

5,066

35,803

3,190

7,953

595

-

-18,334

10,903

-

-

20,085

-

-

-

-

Income tax (expense) benefit

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-279

0

0

0

-287

0

0

0

613

0

87

0

-

310

0

-

-

0

-

-

-

-

Net (loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40,880

-67,419

-52,372

-6,601

-698

28,292

25,539

3,054

5,066

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from discontinued operations - net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-20

1,840

-140

-20

-362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

17,041

11,678

-25,455

55,819

1,777

-10,554

10,779

-4,109

-770

7,195

13,690

-5,301

-3,260

-46,937

-40,880

-67,419

-52,372

-6,601

-718

30,132

25,399

3,034

4,704

26,996

3,190

7,866

595

-11,867

-18,644

10,903

817

-5,260

20,085

8,937

-10,019

-856

5,300

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.64

-0.50

-0.06

-0.01

0.31

0.24

0.03

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.01

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per common share - basic (in dollars per share)

0.10

0.07

-0.15

0.33

0.01

-0.06

0.07

-0.03

0.00

0.04

0.09

0.02

-0.02

-0.40

-0.39

-0.64

-0.50

-0.06

-0.01

0.32

0.24

0.03

0.05

0.29

0.03

0.09

0.01

-0.13

-0.20

0.12

0.01

-0.05

0.22

0.10

-0.12

-0.01

0.07

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.64

-0.50

-0.06

-0.01

0.29

0.24

0.03

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.01

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per common share - diluted (in dollars per share)

0.10

0.07

-0.15

0.33

0.01

-0.06

0.06

-0.03

0.00

0.04

0.09

0.02

-0.02

-0.40

-0.39

-0.64

-0.50

-0.06

-0.01

0.30

0.24

0.03

0.05

0.29

0.03

0.08

0.01

-0.13

-0.20

0.12

0.01

-0.04

0.21

0.10

-0.12

-0.01

0.07

Weighted average shares outstanding:
Basic (in shares)

166,572

166,491

166,041

166,853

165,392

165,162

165,133

164,581

163,508

162,357

154,118

134,153

133,546

116,120

104,709

104,968

104,614

104,423

104,415

104,918

104,408

93,448

92,566

-

92,475

92,351

92,290

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

169,599

167,349

166,041

170,722

167,629

165,162

167,243

167,250

163,508

163,805

156,813

134,153

133,546

116,120

104,709

104,968

104,614

104,423

104,415

106,558

107,671

97,322

94,321

-

93,542

93,361

93,264

-

-

-

-

-

-

-

-

-

-

Oil Revenues [Member]
Revenues

31,228

34,146

31,981

32,399

37,039

27,472

35,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gas Revenues [Member]
Revenues

226

408

1,473

1,972

1,897

1,608

2,377

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas Liquids Revenues [Member]
Revenues

61

265

1,056

1,537

2,677

1,835

2,223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-