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Approach Resources Inc (AREX.OQ)

AREX.OQ on NASDAQ Stock Exchange Global Select Market

2.95USD
22 May 2017
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Latest Key Developments (Source: Significant Developments)

Approach Resources reports Q1 revenue $26.4 million
Thursday, 4 May 2017 04:41pm EDT 

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 04:34pm EST 

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 04:30pm EDT 

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

Approach Resources updates FY 2015 production guidance
Wednesday, 5 Aug 2015 04:30pm EDT 

Approach Resources Inc:Expects FY 2015 total production to be in range of 5,400 -- 5,550 mboe.  Full Article

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