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Approach Res. Inc (AREX)

Approach Res. Inc (AREX)
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Financial Summary for [[ item.sessionDateDisplayLong ]]
Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada.
(Values in U.S. Thousands) Jun, 2019 Mar, 2019 Dec, 2018 Sep, 2018 Jun, 2018
Sales 14,720 19,240 22,380 32,560 30,330
Sales Growth -23.49% -14.03% -31.27% +7.35% +5.42%
Net Income -13,600 -16,800 870 -4,260 -9,070
Net Income Growth +19.05% -2,031.03% +120.42% +53.03% -21.75%
(Values in U.S. Thousands) Jun, 2019 Mar, 2019 Dec, 2018 Sep, 2018 Jun, 2018
Total Assets 1,072,080 1,096,440 1,084,650 1,097,340 1,091,650
Total Assets Growth -2.22% +1.09% -1.16% +0.52% -0.19%
Total Liabilities 513,510 524,550 495,400 509,550 500,440
Total Liabilities Growth -2.10% +5.88% -2.78% +1.82% +1.41%
(Values in U.S. Thousands) Jun, 2019 Mar, 2019 Dec, 2018 Sep, 2018 Jun, 2018
Operating Cash Flow -7,160 -1,220 34,740 29,350 14,250
Operating Cash Flow Growth -486.89% -103.51% +18.36% +105.96% +164.38%
Net Cash Flow 7,180 15,700 0 0 0
Change in Net Cash Flow -54.27% unch unch unch unch
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