Approach Resources Inc
CIK:0001405073|SEC Filings
Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
|||
| REVENUES: | ||||||
| Revenues | $ 15,416 | $ 32,562 | $ 49,379 | $ 91,660 | ||
| EXPENSES: | ||||||
| Lease operating | 3,958 | 5,816 | 13,007 | 16,116 | ||
| Production and ad valorem taxes | 1,712 | 2,120 | 5,186 | 7,189 | ||
| Exploration | 7 | 6 | 1,455 | 9 | ||
| General and administrative | [1] | 4,740 | 5,576 | 12,817 | 18,229 | |
| Restructuring expenses | 8,533 | 14,957 | ||||
| Depletion, depreciation and amortization | 13,108 | 14,500 | 39,782 | 47,029 | ||
| Impairment | 300 | |||||
| Loss on sale of assets | 157 | 90 | ||||
| Total expenses | 32,215 | 28,018 | 87,594 | 88,572 | ||
| OPERATING (LOSS) INCOME | (16,799) | 4,544 | (38,215) | 3,088 | ||
| OTHER: | ||||||
| Interest expense, net | (7,633) | (6,452) | (21,818) | (18,522) | ||
| Commodity derivative gain (loss) | 346 | (3,256) | (2,145) | (10,068) | ||
| Other expense | (18) | (30) | ||||
| LOSS BEFORE INCOME TAX BENEFIT | (24,086) | (5,182) | (62,178) | (25,532) | ||
| INCOME TAX BENEFIT | (4,903) | (921) | (12,602) | (4,753) | ||
| NET LOSS | $ (19,183) | $ (4,261) | $ (49,576) | $ (20,779) | ||
| LOSS PER SHARE: | ||||||
| Basic | $ (0.20) | $ (0.05) | $ (0.53) | $ (0.22) | ||
| Diluted | $ (0.20) | $ (0.05) | $ (0.53) | $ (0.22) | ||
| WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||||
| Basic | 93,666,654 | 94,486,395 | 94,035,030 | 94,527,831 | ||
| Diluted | 93,666,654 | 94,486,395 | 94,035,030 | 94,527,831 | ||
| ||||||