Approach Resources: 3Q Earnings Snapshot
FORT WORTH, Texas (AP) _ Approach Resources Inc. (AREX) on Thursday reported a loss of $4.3 million in its third quarter.
The Fort Worth, Texas-based company said it had a loss of 5 cents per share. Losses, adjusted for one-time gains and costs, came to 4 cents per share.
The oil and gas company posted revenue of $32.6 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $1.63. A year ago, they were trading at $2.39.