Company research
ABRAXAS PETROLEUM CORP
CIK 867665Updated Sep 24, 2026
Securities
Historical securities (1)
AXAS · NASDAQ · equity · closed Jun 22, 2023AXAS price & chart
Historical security
This listing closed Jun 22, 2023. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2022 · USDSource
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 70,547,000Source | 130,476,000Source | 157,761,000Source | 354,631,000Source |
| Property, Plant and Equipment, NetUSD | 43,987,000Source | 105,969,000Source | 122,946,000Source | 328,958,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,876,000Source | 10,034,000Source | 2,775,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 4,961,000Source | 13,547,000Source | 10,049,000Source | 19,645,000Source |
| Assets, CurrentUSD | 11,213,000Source | 24,079,000Source | 24,051,000Source | 20,921,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,000Source | 173,000Source | 228,000Source | 327,000Source |
| Other Assets, NoncurrentUSD | 255,000Source | 255,000Source | 255,000Source | 255,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,410,000Source | 247,064,000Source | 230,728,000Source | 250,812,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | — |
| Common Stock, Value, IssuedUSD | 1,007,000Source | 84,000Source | 85,000Source | 1,684,000Source |
| Retained Earnings (Accumulated Deficit)USD | -509,766,000Source | -547,094,000Source | -502,527,000Source | -318,005,000Source |
| Stockholders' Equity Attributable to ParentUSD | 61,137,000Source | -116,588,000Source | -72,967,000Source | 103,819,000Source |
| Additional Paid in Capital, Common StockUSD | 569,896,000Source | 430,422,000Source | 429,475,000Source | 420,140,000Source |
| Liabilities and EquityUSD | 70,547,000Source | 130,476,000Source | 157,761,000Source | 354,631,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 6,369,000Source | 240,041,000Source | 219,319,000Source | 49,472,000Source |
| Operating Lease, Liability, CurrentUSD | 1,000Source | 40,000Source | 53,000Source | 98,000Source |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 110,000Source | 150,000Source | 203,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 136,000Source | 347,000Source | — | — |
| Long-term DebtUSD | 0Source | 2,205,000Source | 2,515,000Source | 192,718,000Source |
| Long-term Debt, Current MaturitiesUSD | 0Source | 212,688,000Source | 202,751,000Source | 280,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 192,718,000Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 6,341,000Source | 15,312,000Source | 24,432,000Source | 52,267,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,296,000Source | 946,000Source | 1,312,000Source | 1,911,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -8,586,000Source | 3,498,000Source | -9,596,000Source | -19,991,000Source |
| Increase (Decrease) in Accounts PayableUSD | -11,717,000Source | 3,151,000Source | -15,304,000Source | -10,491,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 20,312,000Source | 32,419,000Source | 15,985,000Source | 73,647,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 51,298,000Source | -518,000Source | -12,557,000Source | -84,967,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -78,768,000Source | -24,642,000Source | -653,000Source | 10,453,000Source |
| Repayments of Long-term DebtUSD | 77,966,000Source | 25,816,000Source | 9,059,000Source | 124,692,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,158,000Source | 7,259,000Source | 2,775,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 70,000Source | 6,463,000Source | 7,174,000Source | 12,340,000Source |
| Income Taxes Paid, NetUSD | 0Source | 0Source | 0Source | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 0Source | 4,804,000Source | 2,565,000Source | 543,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 0Source | 8,781,000Source | 3,926,000Source | 738,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 170,000Source | 330,000Source | 414,000Source | 436,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 0Source | -33,022,000Source | 42,880,000Source | -26,831,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -668,000Source | 29,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | 29,000Source | 0Source | -33,000Source |
| Gain (Loss) on InvestmentsUSD | -4,409,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -6,645,000Source | — | -4,108,000Source | — |
| General and Administrative ExpenseUSD | 12,575,000Source | 8,116,000Source | 8,783,000Source | 11,304,000Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Investment Income, InterestUSD | 37,000Source | 15,000Source | 39,000Source | 65,000Source |
| Net Income (Loss) Attributable to ParentUSD | 37,328,000Source | -44,567,000Source | -184,522,000Source | -65,004,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 37,328,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 21,651,000Source | -75,051,000Source | 14,896,000Source | -39,288,000Source |
| Operating Lease, ExpenseUSD | 10,104,000Source | 17,914,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -600,000Source | 0Source | -69,000Source | 389,000Source |
| Payments of Financing CostsUSD | 802,000Source | 158,000Source | 978,000Source | 1,960,000Source |
| Payments to Acquire InvestmentsUSD | 19,500,000Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | — | — | 0Source | 402,000Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 49,737,000Source | 78,858,000Source | 43,043,000Source | 129,146,000Source |
| Operating Income (Loss)USD | 15,677,000Source | 30,484,000Source | -199,418,000Source | -25,716,000Source |
| Other Nonoperating Income (Expense)USD | -600,000Source | 0Source | -69,000Source | 389,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 37,328,000Source | -44,567,000Source | -184,522,000Source | -65,004,000Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | 37,328,000Source | -44,567,000Source | -184,522,000Source | -65,004,000Source |
| Earnings Per Share, BasicUSD per share | 1.44Source | -5.3Source | -22.01Source | -0.39Source |
| Earnings Per Share, DilutedUSD per share | 1.44Source | -5.3Source | -22.01Source | -0.39Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 25,868,000Source | 8,408,000Source | 8,382,000Source | 166,247,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 25,868,000Source | 8,408,000Source | 8,382,000Source | 166,312,000Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 34,060,000Source | 48,374,000Source | 242,461,000Source | 154,862,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 0Source | -33,022,000Source | 42,880,000Source | -26,831,000Source |
| Gain (Loss) on InvestmentsUSD | -4,409,000Source | — | — | — |
| General and Administrative ExpenseUSD | 12,575,000Source | 8,116,000Source | 8,783,000Source | 11,304,000Source |
| Investment Income, InterestUSD | 37,000Source | 15,000Source | 39,000Source | 65,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 37,328,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 21,651,000Source | -75,051,000Source | 14,896,000Source | -39,288,000Source |
| Operating Lease, ExpenseUSD | 10,104,000Source | 17,914,000Source | — | — |
| Other IncomeUSD | 22,000Source | 22,000Source | 59,000Source | 154,000Source |