Brief: Abraxas Petroleum Q1 Loss Per Share $0.15

Abraxas Petroleum

06/05/2019 22:16

May 6 (Reuters) - Abraxas Petroleum Corp  AXAS.O :
    * ABRAXAS ANNOUNCES FIRST QUARTER 2019 FINANCIAL AND
OPERATING
RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $0.02 EXCLUDING ITEMS
    * Q1 LOSS PER SHARE $0.15
    * Q1 REVENUE $34.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$33.4
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES
DATA
    * QTRLY PRODUCTION OF 979 MBOE (10,874 BOEPD)
    * SIGNED A DEFINITIVE AGREEMENT TO SELL ITS INTEREST IN
CERTAIN
NON-OPERATED PROPERTIES LOCATED IN WILLISTON BASIN
    * DEAL FOR $15.5 MILLION PLUS ASSUMPTION OF AN ESTIMATED
$5.4
MILLION IN OUTSTANDING AFES
    * DIVESTITURE REPRESENTS APPROXIMATELY 5 PERCENT OF CURRENT
BAKKEN
DAILY PRODUCTION.

Source text for Eikon:  ID:nBw19fj5Ya 
Further company coverage:  AXAS.O 

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