Abraxas Petroleum Corporation is an independent energy company primarily engaged in the acquisition, exploration, development, and production of oil and gas. The Company focuses primarily on the development of conventional and unconventional resources in its primary operating areas in the Rocky Mountains, South Texas, Powder River Basin and Permian Basin.


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TypePublic
HQSan Antonio, US
Founded1977
Size (employees)112 (est)+3%
Websiteabraxaspetroleum.com
Abraxas was founded in 1977 and is headquartered in San Antonio, US
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Key People/Management at Abraxas

Robert L.g. Watson

Robert L.g. Watson

President – Chief Executive Officer
Kenneth W. Johnson

Kenneth W. Johnson

Vice President – Operations
Stephen T. Wendel

Stephen T. Wendel

Vice President – Marketing and Contracts
Peter Bommer

Peter Bommer

Vice President – Engineering
Dirk A. Schwartz

Dirk A. Schwartz

Vice President – Business Development
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Abraxas Office Locations

Abraxas has an office in San Antonio
San Antonio, US (HQ)
18803 Meisner Dr
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Abraxas Financials and Metrics

Abraxas Revenue

Abraxas's revenue was reported to be $86.26 m in FY, 2017
USD

Revenue (Q2, 2018)

27.5m

Net income (Q2, 2018)

(10.6m)

EBIT (Q2, 2018)

10.9m

Market capitalization (14-Dec-2018)

208.3m

Closing stock price (14-Dec-2018)

1.3

Cash (30-Jun-2018)

882.0k

EV

207.6m
Abraxas's current market capitalization is $208.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

94.3m133.8m67.0m56.6m86.3m

Revenue growth, %

42%(50%)(16%)

General and administrative expense

12.9m11.8m13.6m16.3m

Operating expense total

12.9m11.8m13.6m16.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

29.1m25.9m33.6m44.2m18.7m18.9m16.1m9.6m11.0m14.0m18.8m13.2m24.7m40.6m27.5m

Cost of goods sold

17.9m18.6m21.0m27.6m11.9m19.1m20.5m

Gross profit

11.2m7.3m12.6m16.7m1.3m5.7m20.1m

Gross profit Margin, %

38%28%38%38%10%23%49%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

5.2m3.8m3.5m1.6m

Accounts Receivable

10.5m

Inventories

Current Assets

39.5m38.4m32.7m23.9m34.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

5.0m349.0k3.7m2.7m3.9m957.0k483.0k1.8m1.1m652.0k819.0k5.6m882.0k

Current Assets

44.2m27.9m33.1m33.5m29.7m21.2m25.6m20.7m10.6m14.9m13.3m17.4m19.1m32.0m34.3m

PP&E

341.5m284.4m183.9m150.6m145.3m141.0m165.9m204.5m259.0m

Total Assets

257.2m237.5m286.9m317.1m366.6m373.0m322.4m212.2m163.9m162.7m156.6m187.1m226.6m292.6m330.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

38.6m63.3m(127.1m)(96.4m)16.0m

Inventories

Accounts Payable

27.3m1.6m(46.0m)(3.5m)6.2m

Cash From Operating Activities

51.7m7.0m26.9m38.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

11.7m4.7m7.7m25.4m(718.0k)(7.3m)(59.7m)(40.9m)(87.8m)(91.1m)13.7m20.9m20.1m10.8m225.0k

Depreciation and Amortization

18.8m

Accounts Payable

18.9m(18.4m)(10.6m)45.0m(48.2m)(34.1m)(45.0m)(15.6m)(13.2m)(2.2m)(3.0m)8.6m(7.9m)(741.0k)5.8m

Cash From Operating Activities

36.0m2.4m29.5m(2.5m)12.5m22.2m11.8m28.4m22.3m32.2m45.3m
USDY, 2018

EV/EBIT

19 x

EV/CFO

4.6 x

Financial Leverage

3.1 x
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Abraxas Company Life and Culture

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Abraxas Frequently Asked Questions

  • When was Abraxas founded?

    Abraxas was founded in 1977.

  • Who are Abraxas key executives?

    Abraxas's key executives are Robert L.g. Watson, Kenneth W. Johnson and Stephen T. Wendel.

  • How many employees does Abraxas have?

    Abraxas has 112 employees.

  • What is Abraxas revenue?

    Latest Abraxas annual revenue is $86.3 m.

  • What is Abraxas revenue per employee?

    Latest Abraxas revenue per employee is $770.2 k.

  • Who are Abraxas competitors?

    Competitors of Abraxas include GulfSlope Energy, BreitBurn Energy Partners and Amerisur Resources.

  • Where is Abraxas headquarters?

    Abraxas headquarters is located at 18803 Meisner Dr, San Antonio.

  • Where are Abraxas offices?

    Abraxas has an office in San Antonio.

  • How many offices does Abraxas have?

    Abraxas has 1 office.