Approach Resources (AREX) Tops Q3 EPS by 2c
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Approach Resources Inc. Reports Third Quarter 2015 Results
November 4, 2015 4:39 PM ESTFORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) today reported results for third quarter 2015. Highlights for third quarter 2015 include:
Record quarterly production of 1,525 MBoe, or 16.6 MBoe/d, a 17% increase over the prior-year quarter and a 10% increase over second quarter 2015 EBITDAX was $30.7 million, or $0.76 per diluted share Revenues totaled $33.9 million. Including realized hedge gains, revenues were $46.7 million Per-unit cash operating expenses decreased 18% from the prior-year quarter, and 5% from second quarter 2015, to $10.45 per Boe... More