Abraxas Petroleum Past Earnings Performance
Past criteria checks 3/6
Abraxas Petroleum's earnings have been declining at an average annual rate of -19.6%, while the Oil and Gas industry saw earnings growing at 33.2% annually. Revenues have been declining at an average rate of 18.5% per year. Abraxas Petroleum's return on equity is 61.1%, and it has net margins of 75.1%.
Key information
-19.6%
Earnings growth rate
-22.0%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | -18.5% |
| Return on equity | 61.1% |
| Net Margin | 75.1% |
| Last Earnings Update | 31 Dec 2022 |
Recent past performance updates
Recent updates
It Looks Like Abraxas Petroleum Corporation's (NASDAQ:AXAS) CEO May Expect Their Salary To Be Put Under The Microscope
Jul 07
Abraxas Petroleum: Remains In A State Of Limbo
Jun 16Abraxas Petroleum Looks To Be Headed Towards Restructuring
May 02News Flash: Analysts Just Made A Substantial Upgrade To Their Abraxas Petroleum Corporation (NASDAQ:AXAS) Forecasts
Jan 26Revenue & Expenses BreakdownBeta
How Abraxas Petroleum makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 22 | 50 | 37 | 13 | 0 |
| 30 Sep 22 | 63 | 37 | 11 | 0 |
| 30 Jun 22 | 70 | 36 | 8 | 0 |
| 31 Mar 22 | 74 | 17 | 8 | 0 |
| 31 Dec 21 | 79 | -45 | 8 | 0 |
| 30 Sep 21 | 69 | -108 | 9 | 0 |
| 30 Jun 21 | 60 | -180 | 9 | 0 |
| 31 Mar 21 | 44 | -250 | 8 | 0 |
| 31 Dec 20 | 43 | -185 | 9 | 0 |
| 30 Sep 20 | 59 | -184 | 10 | 0 |
| 30 Jun 20 | 78 | -93 | 10 | 0 |
| 31 Mar 20 | 110 | 2 | 11 | 0 |
| 31 Dec 19 | 129 | -65 | 11 | 0 |
| 30 Sep 19 | 137 | 59 | 12 | 0 |
| 30 Jun 19 | 147 | 44 | 12 | 0 |
| 31 Mar 19 | 143 | 22 | 12 | 0 |
| 31 Dec 18 | 149 | 58 | 12 | 0 |
| 30 Sep 18 | 143 | -2 | 14 | 0 |
| 30 Jun 18 | 126 | -5 | 16 | 0 |
| 31 Mar 18 | 108 | 13 | 16 | 0 |
| 31 Dec 17 | 86 | 16 | 16 | 0 |
| 30 Sep 17 | 79 | 15 | 16 | 0 |
| 30 Jun 17 | 68 | 12 | 14 | 0 |
| 31 Mar 17 | 66 | -42 | 14 | 0 |
| 31 Dec 16 | 57 | -96 | 14 | 0 |
| 30 Sep 16 | 46 | -158 | 11 | 0 |
| 30 Jun 16 | 47 | -208 | 11 | 0 |
| 31 Mar 16 | 53 | -167 | 11 | 0 |
| 31 Dec 15 | 67 | -127 | 12 | 0 |
| 30 Sep 15 | 77 | -31 | 15 | 0 |
| 30 Jun 15 | 103 | 47 | 14 | 0 |
| 31 Mar 15 | 116 | 56 | 14 | 0 |
| 31 Dec 14 | 122 | 62 | 13 | 0 |
| 30 Sep 14 | 112 | 69 | 12 | 0 |
| 30 Jun 14 | 99 | 47 | 12 | 0 |
| 31 Mar 14 | 88 | 51 | 12 | 0 |
| 31 Dec 13 | 84 | 47 | 12 | 0 |
| 30 Sep 13 | 82 | 0 | 12 | 0 |
| 30 Jun 13 | 71 | -22 | 12 | 0 |
| 31 Mar 13 | 66 | -19 | 11 | 0 |
| 31 Dec 12 | 59 | 3 | 10 | 0 |
| 30 Sep 12 | 60 | -12 | 9 | 0 |
| 30 Jun 12 | 60 | 27 | 9 | 0 |
Quality Earnings: AXAS has a high level of non-cash earnings.
Growing Profit Margin: AXAS became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AXAS has become profitable over the past 5 years, growing earnings by -19.6% per year.
Accelerating Growth: AXAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AXAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-6.8%).
Return on Equity
High ROE: AXAS's Return on Equity (61.1%) is considered outstanding.