Approach Resources Inc
Energy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | |
|---|---|---|---|---|---|---|
| Revenue | $114.0M | $105.3M | $90.3M | — | — | — |
| Operating income | $1.2M | −$19.7M | −$44.9M | −$272.5M | $67.2M | $43.6M |
| Net income | −$7.4M | −$140.8M | −$13.7M | −$7.7M | $2.9M | −$347,000 |
| Total assets | $1.08B | $1.10B | $1.10B | $1.17B | $1.39B | $1.15B |
| Total liabilities | $495.4M | $492.2M | $541.6M | $567.0M | $618.4M | $435.0M |
| Equity | $589.2M | $607.4M | $563.0M | $608.0M | $774.3M | $710.5M |
| EPS (diluted) | $-0.08 | $-2.00 | $-0.33 | $-0.19 | $0.08 | $-0.01 |
| Shares out. | 94.3M | 80.9M | 40.8M | 40.6M | 39.4M | 39.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2018- Operating margin
- 1.1%
- Net margin
- −6.5%
- Return on equity
- −1.3%
- Return on assets
- −0.7%
- Return on capital (ROCE)
- 0.1%
- Liabilities / assets
- 45.7%
- Debt / equity
- 0.84×
- Book value / share
- $6.25
- Revenue growth (YoY)
- 8.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2018- Altman Z″ (distress)
- 0.76distress
- Accruals / assets
- −3.9%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 13, 2019
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Bankruptcy or receivership · Modified shareholder rightsDec 31, 2020
- Terminated a material agreement · Bankruptcy or receivership · Modified shareholder rights · Other material eventDec 18, 2020
- Entered a material agreement · Terminated a material agreement · Completed an acquisition or dispositionOct 1, 2020
- Bankruptcy or receivership · Director / officer changeSep 29, 2020
- Entered a material agreementSep 8, 2020
- Entered a material agreement · Terminated a material agreement · Bankruptcy or receivershipJun 11, 2020
- Terminated a material agreementApr 1, 2020
- Director / officer changeFeb 21, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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