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Approach Resources Inc (AREX.OQ)

AREX.OQ on NASDAQ Stock Exchange Global Select Market

2.75USD
23 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Approach Resources Q4 Adjusted Non-Gaap Loss Per Share $0.07
Thursday, 8 Mar 2018 

March 8 (Reuters) - Approach Resources Inc ::REPORTS FOURTH QUARTER AND FULL-YEAR 2017 FINANCIAL AND OPERATING RESULTS AND PROVIDES 2018 OUTLOOK.Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.07.Q4 EARNINGS PER SHARE $0.51.Q4 REVENUE $28.4 MILLION VERSUS I/B/E/S VIEW $28.1 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.07 -- THOMSON REUTERS I/B/E/S.‍CAPITAL BUDGET FOR 2018 IS A RANGE OF $50 MILLION TO $70 MILLION​.‍Q4 PRODUCTION OF 1,064 MBOE OR 11.6 MBOE/D​.Q4 2017 PRODUCTION TOTALED 1,064 MBOE (11.6 MBOE/D).Q1 2018 PRODUCTION IS ESTIMATED TO BE APPROXIMATELY 11.3 MBOE/D.SEES 2018 ‍TOTAL PRODUCTION OF 4,200 MBOE TO 4,500 ​MBOE.Q1 2018 PRODUCTION WILL BE AFFECTED BY NO NEW WELL COMPLETIONS IN Q4 AND WEATHER.  Full Article

Approach Resources Extends Revolving Credit Facility Maturity And Reaffirms Borrowing Base
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Approach Resources Inc ::APPROACH RESOURCES EXTENDS REVOLVING CREDIT FACILITY MATURITY AND REAFFIRMS BORROWING BASE.APPROACH RESOURCES - LENDERS AMENDED AND EXTENDED MATURITY DATE OF CREDIT FACILITY TO MAY 7, 2020.APPROACH RESOURCES INC - BORROWING BASE WAS UNANIMOUSLY REAFFIRMED AT $325 MILLION.  Full Article

Approach Resources reports Q3 loss per share $0.10
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Approach Resources Inc :Approach Resources Inc reports third quarter 2017 results and Bolt-On acquisition.Q3 adjusted non-gaap loss per share $0.08.Q3 loss per share $0.10.Q3 revenue $25.6 million versus I/B/E/S view $25.2 million.Q3 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S.In Q3 produced 11.5 MBoe/d, despite negative impact of 500 Boe/d from hurricane harvey, versus 12.1 MBoe/d last year.  Full Article

Approach Resources says on track to deliver FY production volumes, despite impact from hurricane Harvey​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Approach Resources Inc ::Approach Resources-on track to deliver fy production volumes consistent with lower end of previous guidance, despite impact from hurricane Harvey​.Approach Resources-‍now expect 2017 capex to be $47 million to $49 million, or 20 percent below midpoint of prior guidance.  Full Article

Approach resources files for mixed shelf of up to $500 mln
Friday, 15 Sep 2017 

Sept 15 (Reuters) - Approach Resources Inc :Files for mixed shelf of up to $500 million - SEC filing‍​.  Full Article

Approach Resources Q2 loss per share $0.10
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Approach Resources Inc :Approach Resources Inc. reports second quarter 2017 results, resumes production growth.Q2 adjusted non-GAAP loss per share $0.11 excluding items.Q2 loss per share $0.10.Q2 revenue $25 million versus I/B/E/S view $26 million.Q2 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S.Approach Resources Inc - ‍expect Q3 production to average approximately 11.8-12.0 MBOE/D​.Approach Resources Inc qtrly ‍total production 11.9 MBOE/D versus 12.6​ MBOE/D.Approach Resources Inc qtrly ‍total production 1,080 MBOE versus 1,148​ MBOE.Approach Resources Inc qtrly ‍total oil, NGL and gas sales including derivative impact $24.97 million versus $23.8 million​.  Full Article

Approach Resources reports Q1 revenue $26.4 million
Thursday, 4 May 2017 

May 4 (Reuters) - Approach Resources Inc :Approach Resources Inc. reports first quarter 2017 results.Q1 loss per share $2.00.Q1 revenue $26.4 million versus I/B/E/S view $25.8 million.Q1 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Q1 adjusted non-GAAP loss per share $0.11.Approach Resources Inc qtrly production was 11.4 mboe/d.Approach Resources Inc - Expect to resume production growth in Q2 2017, with average daily production of approximately 11.7 mboe/d.Approach Resources Inc - Have secured a dedicated frac services crew for up to 30 wells over next two years.  Full Article

Approach Resources Q4 loss per share $0.32
Thursday, 9 Mar 2017 

Approach Resources Inc : Approach Resources Inc. Reports 2016 fourth quarter and full-year financial and operating results and provides 2017 outlook . Q4 loss per share $0.32 . Q4 revenue $26.5 million versus i/b/e/s view $26 million . Q4 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S . Q4 adjusted non-gaap loss per share $0.27 excluding items . Approach Resources Inc - qtrly production was 12.0 mboe/d . Approach Resources Inc sees 2017 capital expenditures $50 million - $70 million . Approach Resources Inc - qtrly total production 12.0 mboe/d versus 12.4 mboe/d . Approach Resources Inc - q1 2017 production is estimated to be approximately 11.3 mboe/d . Approach Resources Inc - expect to resume quarterly production growth starting in q2 of 2017 . Approach Resources Inc - sees fy total production 4,163 - 4,453 mboe .Approach Resources - q1 2017 production will be affected by no new well completions in q4 2016, weather, rvp pipeline specification issues in q1 2017.  Full Article

Approach Resources Q2 adjusted Non-GAAP loss per share $0.25
Wednesday, 3 Aug 2016 

Approach Resources Inc : Approach Resources Inc. Reports second quarter 2016 results . Q2 adjusted Non-GAAP loss per share $0.25 . Q2 revenue $22.4 million versus I/B/E/S view $22.6 million . Q2 loss per share $0.39 . Q2 earnings per share view $-0.27 -- Thomson Reuters I/B/E/S . Approach Resources Inc says plan to complete three wells in Q3 2016, and expect Q3 production to average around 11.9 mboe/d . Approach Resources Inc says Q2 production was 12.6 mboe/d, exceeding prior guidance for quarter .Approach Resources Inc says at June 30, 2016, had $1 billion revolving credit facility in place, with borrowing base and lender commitment amount of $325 million.  Full Article

BRIEF-Approach Resources Q4 Adjusted Non-Gaap Loss Per Share $0.07

* REPORTS FOURTH QUARTER AND FULL-YEAR 2017 FINANCIAL AND OPERATING RESULTS AND PROVIDES 2018 OUTLOOK