ABRAXAS PETROLEUM CORP
Energy · Crude Petroleum & Natural Gas · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $49.7M | $78.9M | $43.0M | $34.5M | $40.6M | $86.3M |
| Operating income | $15.7M | $30.5M | −$199.4M | $6.7M | $20.1M | $20.9M |
| Net income | $37.3M | −$44.6M | −$184.5M | −$25.5M | $10.8M | $16.0M |
| Total assets | $70.5M | $130.5M | $157.8M | $354.6M | $424.7M | $273.8M |
| Total liabilities | $9.4M | $247.1M | $230.7M | $250.8M | $258.2M | $167.5M |
| Equity | $61.1M | −$116.6M | −$73.0M | $103.8M | $166.5M | $106.3M |
| EPS (diluted) | $1.44 | $-5.30 | $-22.01 | $-3.00 | $0.06 | $0.10 |
| Shares out. | 8.4M | 8.4M | 168.1M | 166.9M | 165.9M | 163.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- 31.5%
- Net margin
- 75.1%
- Return on equity
- 61.1%
- Return on assets
- 52.9%
- Return on capital (ROCE)
- 24.4%
- Liabilities / assets
- 13.3%
- Debt / equity
- 0.15×
- Book value / share
- $7.26
- Revenue growth (YoY)
- −36.9%
- 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 · FY2022- Altman Z″ (distress)
- -14.79distress
- Accruals / assets
- 24.1%high accruals
- Piotroski F-Score
- 7/9strong
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● 2 warning● 4 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- High accruals — earnings-quality risk
- Operating margin is positive
- Strong return on equity (>15%)
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
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-Kmissed a reporting deadline ↗Apr 3, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2021
- NT 10-Qmissed a reporting deadline ↗Aug 10, 2020
- NT 10-Qmissed a reporting deadline ↗Jun 24, 2020
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2020
- NT 10-Q/Amissed 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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Krog George William JrOfficer — Former VP CAO | Jan 26, 2023 | Sell | 1,000 | $0.88 |
| Krog George William JrOfficer — Former VP CAO | Jan 23, 2023 | Sell | 1,000 | $0.92 |
| Krog George William JrOfficer — Former VP CAO | Jan 18, 2023 | Sell | 1,000 | $0.88 |
| Krog George William JrOfficer — Former VP CAO | Jan 13, 2023 | Sell | 1,000 | $0.83 |
| Krog George William JrOfficer — Former VP CAO | Jan 10, 2033 | D | 1,000 | $0.77 |
| Clarke Tod AOfficer — Vice President - Land | Jan 10, 2023 | D | 50 | $0.77 |
| Clarke Tod AOfficer — Vice President - Land | Jan 10, 2023 | D | 50 | $0.77 |
| Clarke Tod AOfficer — Vice President - Land | Dec 9, 2022 | D | 100 | $1.00 |
| Biglari, SardarDirector | Oct 26, 2022 | J | 685,505 | — |
| Angelo Gordon &Amp; Co., L.P. | Sep 14, 2022 | Sell | 685,505 | $116.70 |
| Melton Brian LDirector | May 11, 2022 | Grant | 50,000 | $1.88 |
| Krog George William JrOfficer — VP Chief Accounting Officer | May 11, 2022 | Grant | 143,000 | $1.88 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Amended charter or bylawsDec 12, 2022
- Director / officer changeNov 17, 2022
- Director / officer changeNov 15, 2022
- Entered a material agreement · Shareholder voteOct 27, 2022
- Entered a material agreementOct 3, 2022
- Change in control · Director / officer change · Amended charter or bylawsSep 16, 2022
- Director / officer changeSep 13, 2022
- Director / officer changeMay 18, 2022
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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