Abraxas Petroleum's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Abraxas Petroleum (AXAS) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Abraxas Petroleum vs Its Competitors
- TTM: Trailing 12-month revenue of 50M vs 1,851,682M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-21.5% annualized vs trailing 12 months), vs accelerating (+147.2%) for its tracked peer group.
- Growth: Abraxas Petroleum generated -57.3% revenue growth year over year in Q4 2022, vs 37.9% for its tracked competitors combined.
- Profitability: Its -122.7% net margin compares with 9.8% for the peer group.
- Peer revenue share: Abraxas Petroleum accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.46M compares with $5.53M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AXAS Sales vs. its Competitors, Q4 2022
Abraxas Petroleum reported revenue contraction of 57.33 % year on year in Q4 2022, below its competitors' combined revenue growth of 37.91 %.
With a net margin of -122.70 %, Abraxas Petroleum reported lower profitability than its competitors (9.83 %).
Abraxas Petroleum generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Abraxas Petroleum vs. its Competitors, Q4 2022
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Abraxas Petroleum and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Abraxas Petroleum Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Abraxas Petroleum's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.3% year over year, combined, vs -57.3% for Abraxas Petroleum. Abraxas Petroleum's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Abraxas Petroleum's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Abraxas Petroleum Corp | Yes | No | No | No |
| Competitors combined (116) | ||||
| High-Confidence Competitors (1) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 62.50 % (5 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AXAS Stock Performance relative to its Competitors
AXAS Stock Performance relative to High-Confidence Competitors
AXAS Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Calumet Inc | 282.9% | Outperformed |
| 2 | Zion Oil and Gas Inc | 282.9% | Outperformed |
| 3 | Par Pacific Holdings Inc | 282.9% | Outperformed |
| 4 | Gran Tierra Energy Inc | 282.9% | Outperformed |
| 5 | Laredo Oil Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Abraxas Petroleum's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Abraxas Petroleum's Comment on Competition and Industry Peers
We operate in a highly competitive environment. The principal resources necessary for the exploration and production of oil and gas are leasehold prospects under which oil and gas reserves may be discovered, drilling rigs and related equipment and services to explore for such reserves and knowledgeable personnel to conduct all phases of oil and gas operations. We must compete for such resources with both major oil and gas companies and independent operators. Many of these competitors have financial and other resources substantially greater than ours. Although we believe our current operating and financial resources are adequate to preclude any significant disruption of our near term operations, we cannot assure you that such materials and resources will be available to us in the future.
Publicly Traded Peers of Abraxas Petroleum Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Abraxas Petroleum Corp | 0.90 | 49.74 |
| Exxon Mobil Corporation | 673,641.86 | 368,757.00 |
| Chevron Corp | 403,688.03 | 215,261.00 |
| Shell Plc | 282,974.90 | 266,886.00 |
| Totalenergies Se | 193,539.61 | 162,863.00 |
| Conocophillips | 152,316.15 | 63,345.00 |
| SUBTOTAL | 2,685,875.29 | 1,869,334.12 |
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Sources: Abraxas Petroleum Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Abraxas Petroleum Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Abraxas Petroleum's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Biglari Holdings Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Abraxas Petroleum's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Abraxas Petroleum's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Exxon Mobil Corporation | Corporate and Unallocated 0.20 % |
| Chevron Corp | Reportable Segment, Aggregation before Other Operating 99.73 % |
| Williams companies inc | Transmission And Gulf Of Mexico 44.10 % |
| Eog Resources Inc | United States of America 98.40 % |
| Imperial Oil Limited | Upstream 42.18 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Abraxas Petroleum's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Abraxas Petroleum Corp | 1 | 456,303 | 342,459 |
| Exxon Mobil Corporation | 673,642 | 6,357,879 | 575,414 |
| Chevron Corp | 403,688 | 5,001,533 | 487,116 |
| Shell Plc | 282,975 | 3,139,835 | 213,165 |
| Totalenergies Se | 193,540 | 17,683,279 | 1,450,271 |
| Conocophillips | 152,316 | 6,398,485 | 936,263 |
| PEERS TOTAL | 2,685,874 | 5,532,915 | 479,089 |
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Abraxas Petroleum's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Sharkninja Inc | North America 64.87 % |
| Sm Energy Co | Permian Basin 49.29 % |
| Granite Ridge Resources Inc | Permian 67.87 % |
| Us Energy Corp | Rockies 84.98 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Abraxas Petroleum's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (165 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 100.00 % | 57.30 % (avg) | +42.7 pp |
| Operating Margin | 31.52 % | industry median | -8.1 pp |
| EBITDA Margin | 100.23 % | 11.81 % (avg) | +88.4 pp |
| Capital Intensity (Capex / Revenue) | - | 24.95 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Abraxas Petroleum's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (165 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 0.2x | 15.8x | -15.6x |
| EV / EBITDA | 0.3x | 8.9x | -8.7x |
| P/B | 0.4x | 1.8x | -1.4x |
| Return on Equity | 56.81 % | industry aggregate | 27.10 % |
| Return on Invested Capital | 11.73 % | 5.38 % (avg) | 6.35 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Abraxas Petroleum's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -49.89 % | -15.63 % | 52.53 % | 72.92 % | -13.42 % | -66.67 % | 83.21 % | -36.93 % |
| Operating Margin | -211.55 % | -129.76 % | 24.73 % | 38.57 % | -19.91 % | -463.30 % | 38.66 % | 31.52 % |
| Return on Invested Capital | -31.70 % | -44.15 % | 8.04 % | 14.38 % | -5.36 % | -90.93 % | -14.57 % | 11.73 % |
| P/E | - | - | - | 4.3x | - | - | - | 0.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Abraxas Petroleum's Strategic Group Map
Every company in Abraxas Petroleum's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Abraxas Petroleum is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Abraxas Petroleum's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Abraxas Petroleum falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Abraxas Petroleum's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 27.1 points above the industry aggregate.
Weaknesses
- Operating margin 8.1 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-21.5% annualized vs trailing 12 months).
Opportunities
- Trades at a lower P/E than the industry average (0.2x vs 15.8x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (38.70 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Abraxas Petroleum's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Abraxas Petroleum Corp | 1.13 | 2.14 | 0.02 |
| Exxon Mobil Corporation | 0.13 | 1.11 | 0.17 |
| Chevron Corp | 0.01 | 1.16 | 0.21 |
| Shell Plc | 0.37 | 1.30 | 0.05 |
| Totalenergies Se | 0.28 | 0.97 | 0.02 |
| Conocophillips | 0.49 | 1.36 | 0.45 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Abraxas Petroleum's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Abraxas Petroleum Corp | Q4 2022 | -57.3 % | - |
| Exxon Mobil Corporation | Q2 2026 | +42.3 % | +97.5 % |
| Chevron Corp | Q2 2026 | +56.3 % | +385.6 % |
| Shell Plc | Q4 2025 | -6.1 % | +9.7 % |
| Totalenergies Se | Q4 2025 | -7.1 % | -16.7 % |
| Conocophillips | Q2 2026 | +36.8 % | +98.8 % |
| PEERS TOTAL | +4.0 % | +44.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Abraxas Petroleum's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Abraxas Petroleum Corp | Q4 2022 | - | +74.1 % |
| Exxon Mobil Corporation | Q2 2026 | - | +3.9 % |
| Chevron Corp | Q2 2026 | +36.3 % | +22.3 % |
| Shell Plc | Q4 2025 | - | - |
| Totalenergies Se | Q4 2025 | - | - |
| Conocophillips | Q2 2026 | +32.0 % | - |
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Abraxas Petroleum's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Abraxas Petroleum Corp | 46.31% | 54.89% | 56.81% |
| Exxon Mobil Corporation | 7.29% | 7.92% | 12.57% |
| Chevron Corp | 6.40% | 6.49% | 10.85% |
| Shell Plc | 4.89% | 4.22% | 10.33% |
| Totalenergies Se | 4.59% | 11.37% | 11.37% |
| Conocophillips | 7.55% | 8.36% | 14.30% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Abraxas Petroleum's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Abraxas Petroleum Corp | 0.01 | 0.02 |
| Exxon Mobil Corporation | 20.82 | 1.83 |
| Chevron Corp | 19.41 | 1.88 |
| Shell Plc | 15.86 | 1.06 |
| Totalenergies Se | 14.74 | 1.19 |
| Conocophillips | 16.64 | 2.40 |
| PEERS AVERAGE | 16.59 | 1.44 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.