Disciplined Execution Drives Approach Resources Third Quarter 2018 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/9/2026
- Nasdaq ends sharply higher; chip surge offsets Iran worries
- Software stocks slide as Starbucks builds AI tools to replace vendor software
- Applied Materials surges as CEO signals multi-year chip boom
- Oil prices settle 2% lower as economic worries outweigh supply risks
- Meta falls as massive AI infrastructure spending plans overshadow chip progress
- Morgan Stanley Reiterates Overweight Rating on Rocket Lab USA (RKLB), Bull Case Raised to $293
- GameStop stockholders approve share count increase to 2.5 billion
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
- Key things to know ahead of SK Hynix’s blockbuster US listing
- AI bubble fears mount as Zuckerberg admits agent delays and Burry shorts sector
Approach Resources (AREX) Tops Q3 EPS by 4c, Revenues Beat
November 8, 2018 4:58 PM ESTApproach Resources (NASDAQ: AREX) reported Q3 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $32.56 million versus the consensus estimate of $29.64 million.
Drilled six wells and completed two horizontal Wolfcamp wellsProduction of 1,043 MBoe or 11.3 MBoe/dayRevenues of $32.6 million, a 27% increase over prior year quarterGenerated $4.5 million of operating incomeNet loss was $4.3 million or $0.05 per diluted share, and adjusted net loss (non-GAAP) was $4.2 million or... More