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Abraxas: 2Q Earnings Snapshot

August 7, 2019

SAN ANTONIO (AP) _ Abraxas Petroleum Corp. (AXAS) on Wednesday reported second-quarter net income of $11.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Antonio-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring gains, were 2 cents per share.

The energy company posted revenue of $34.8 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit 67 cents. A year ago, they were trading at $2.35.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXAS at https://www.zacks.com/ap/AXAS

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