Abraxas Petroleum Corporation (AXAS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
18803 MEISNER DRIVE SAN ANTONIO, TX 78258 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 25,101 | 18,503 | 9,406 | 10,034 | 9,051 | 7,964 | 4,273 | ||
| Cash and cash equivalents | 25,101 | 18,503 | 9,406 | 10,034 | 9,051 | 7,964 | 4,273 | ||
| Receivables | 5,402 | 7,799 | 7,515 | 13,547 | 14,815 | 13,998 | 11,194 | ||
| Derivative instruments and hedges, assets | 1,126 | ||||||||
| Assets held-for-sale, not part of disposal group | 3,082 | ||||||||
| Other current assets | 861 | 959 | 1,258 | 498 | 993 | 966 | 1,308 | ||
| Total current assets: | 34,446 | 27,261 | 18,179 | 24,079 | 24,859 | 22,928 | 17,901 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2 | 4 | 6 | 173 | 184 | 194 | 205 | ||
| Property, plant and equipment | 53,448 | 58,059 | 59,691 | 105,969 | 109,030 | 112,307 | 119,215 | ||
| Derivative instruments and hedges | 473 | ||||||||
| Other noncurrent assets | 255 | 255 | 255 | 255 | 255 | 255 | 505 | ||
| Total noncurrent assets: | 53,705 | 58,318 | 59,952 | 106,397 | 109,469 | 112,756 | 120,398 | ||
| TOTAL ASSETS: | 88,151 | 85,579 | 78,131 | 130,476 | 134,328 | 135,684 | 138,299 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,037 | 12,539 | 11,827 | 18,849 | 16,299 | 14,793 | 13,543 | ||
| Accounts payable | 11,276 | 12,002 | 11,486 | 18,025 | 14,896 | 13,674 | 12,798 | ||
| Accrued liabilities | 761 | 534 | 337 | 347 | 892 | 833 | 588 | ||
| Interest and dividends payable | 3 | 4 | 477 | 511 | 286 | 157 | |||
| Debt | 318 | 314 | 212,688 | 209,434 | 209,244 | 203,556 | |||
| Derivative instruments and hedges, liabilities | 442 | 2,017 | 3,006 | 2,606 | |||||
| Other liabilities | 214 | 511 | |||||||
| Other undisclosed current liabilities | 2 | 4 | 6 | 8,062 | 9,219 | 9,985 | 41 | ||
| Total current liabilities: | 12,039 | 12,861 | 12,147 | 240,041 | 236,969 | 237,242 | 220,257 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 110 | 118 | 128 | 140 | |||||
| Operating lease, liability | 110 | 118 | 128 | 140 | |||||
| Liabilities, other than long-term debt | 2,965 | ||||||||
| Derivative instruments and hedges, liabilities | 2,965 | ||||||||
| Other undisclosed noncurrent liabilities | 2,995 | 4,998 | 5,150 | 6,803 | 8,250 | 8,341 | 11,283 | ||
| Total noncurrent liabilities: | 2,995 | 4,998 | 5,150 | 6,913 | 8,486 | 8,597 | 14,388 | ||
| Total liabilities: | 15,034 | 17,859 | 17,297 | 247,064 | 245,455 | 245,839 | 234,645 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 73,117 | 67,720 | 60,834 | (116,588) | (111,127) | (110,155) | (96,346) | ||
| Preferred stock | 7 | 7 | 7 | ||||||
| Common stock | 101 | 101 | 84 | 84 | 84 | 84 | 84 | ||
| Additional paid in capital | 576,993 | 571,888 | 569,686 | 430,422 | 430,256 | 429,983 | 429,787 | ||
| Accumulated deficit | (503,984) | (504,276) | (508,943) | (547,094) | (541,467) | (540,222) | (526,217) | ||
| Total stockholders' equity: | 73,117 | 67,720 | 60,834 | (116,588) | (111,127) | (110,155) | (96,346) | ||
| TOTAL LIABILITIES AND EQUITY: | 88,151 | 85,579 | 78,131 | 130,476 | 134,328 | 135,684 | 138,299 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,252 | 14,536 | 12,185 | 22,880 | 20,865 | 18,443 | 16,670 | |
| Cost of revenue | (5,498) | (5,359) | (34,046) | (10,186) | (10,094) | (10,154) | (9,675) | |
| Gross profit: | 7,754 | 9,177 | (21,861) | 12,694 | 10,771 | 8,289 | 6,995 | |
| Operating expenses | (5,231) | (1,900) | 26,730 | (1,938) | (1,942) | (2,233) | (2,152) | |
| Operating income: | 2,523 | 7,277 | 4,869 | 10,756 | 8,829 | 6,056 | 4,843 | |
| Nonoperating income (expense) | (97) | (529) | 35,265 | (16,383) | (10,074) | (20,061) | (28,533) | |
| Investment income, nonoperating | 14 | 1 | (123) | (248) | (9,943) | (22,693) | ||
| Other nonoperating expense | (100) | (500) | ||||||
| Interest and debt expense | (6,645) | 1,384 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,426 | 6,748 | 33,489 | (5,627) | (1,245) | (14,005) | (22,306) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 6,645 | (1,384) | ||||||
| Net income (loss) attributable to parent: | 2,426 | 6,748 | 40,134 | (5,627) | (1,245) | (14,005) | (23,690) | |
| Other undisclosed net loss available to common stockholders, basic | (2,134) | (2,081) | (1,983) | |||||
| Net income (loss) available to common stockholders, diluted: | 292 | 4,667 | 38,151 | (5,627) | (1,245) | (14,005) | (23,690) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,426 | 6,748 | 40,134 | (5,627) | (1,245) | (14,005) | (23,690) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 2,426 | 6,748 | 40,134 | (5,627) | (1,245) | (14,005) | (23,690) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.