Abraxas Petroleum (AXAS) Tops Q1 EPS by 1c
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Abraxas Announces First Quarter 2016 Results
May 10, 2016 5:15 PM EDTSAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (NASDAQ: AXAS) today reported financial and operating results for the three months ended March 31, 2016.
Financial and Operating Results for the Three Months Ended March 31, 2016
The three months ended March 31, 2016 resulted in:
Production of 538 MBoe (5,916 Boepd) Revenue of $15.3 million inclusive of realized hedge settlements Adjusted EBITDA(a) of $7.2 million inclusive of Raven Drilling(b) Adjusted EBITDA per bank loan agreement of $11.8 million(a) Adjusted... More