Approach Resources is an independent energy company which is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. The Company's business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. 

TypePublic
HQFort Worth, US
Founded2002
Size (employees)100 (est)
Websiteapproachresources.com
Approach Resources was founded in 2002 and is headquartered in Fort Worth, US
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Approach Resources Office Locations

Approach Resources has offices in Fort Worth and New York
Fort Worth, US (HQ)
800 6500 West Fwy
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Approach Resources Financials and Metrics

Approach Resources Revenue

USD

Revenue (Q2, 2018)

59.1m

Net income (Q2, 2018)

(16.5m)

EBIT (Q2, 2018)

(1.5m)

Market capitalization (15-Oct-2018)

186.1m

Closing stock price (15-Oct-2018)

2.0

Cash (30-Jun-2018)

22.0k
Approach Resources's current market capitalization is $186.1 m.
Annual
USDFY, 2016

General and administrative expense

24.7m

R&D expense

3.9m

Operating expense total

28.7m

EBIT

(44.9m)
Quarterly
USDQ3, 2013Q1, 2018Q2, 2018

Revenue

59.1m

General and administrative expense

6.2m6.6m12.7m

R&D expense

1.2m3.0k

Operating expense total

34.3m30.0m60.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

58.8m432.0k600.0k21.0k

Inventories

592.0k929.0k1.2m2.8m

Current Assets

90.4m61.1m20.4m12.5m
Quarterly
USDQ3, 2013Q1, 2018Q2, 2018

Cash

25.5m22.0k22.0k

Current Assets

42.8m12.5m13.8m

Total Assets

1.1b1.1b1.1b

Accounts Payable

40.7m10.0m8.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

72.3m56.2m(174.1m)(52.2m)

Inventories

(45.0k)(179.0k)(325.0k)534.0k

Accounts Payable

12.5m(5.8m)964.0k358.0k

Cash From Operating Activities

125.6m180.2m102.7m26.1m
Quarterly
USDQ3, 2013Q1, 2018Q2, 2018

Net Income

7.9m(7.4m)(16.5m)

Accounts Payable

15.3m(1.8m)(4.0m)

Cash From Operating Activities

119.0m5.4m14.3m

Cash From Financing Activities

135.9m3.0k5.2m
USDY, 2018

Financial Leverage

1.8 x
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Approach Resources Online and Social Media Presence

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Approach Resources News and Updates

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Approach Resources Company Life and Culture

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