This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Abraxas Corrects Q4 2011 Adjusted Net Income

Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided corrected fourth quarter 2011 adjusted net income financial information.

Earlier today, the Company announced its fourth quarter and full year 2011 results and subsequently found an error in the fourth quarter 2011 adjusted net income calculation.

The following table reflects the corrected adjusted net income, excluding certain non-cash items, for the three months ended December 31, 2011:

(In thousands)   Three Months Ended

December 31,

Net loss $ (5,260 )

Loss on unrealized derivative contracts



Adjusted net income, excluding certain non-cash items  



Net loss per share – basic     (0.06 )
Adjusted net income, excluding certain non-cash items, per share – basic  




Adjusted net income, excluding certain non-cash items, for the period presented excludes the unrealized losses on derivative contracts of $6.0 million.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs