Abraxas Petroleum's Corporate Customers have recorded an advance in their cost of revenue by 6.94 % in the 4 quarter 2022 year on year, sequentially costs of revenue were trimmed by -4.04 %. During the corresponding time, Abraxas Petroleum Corp saw a revenue deteriorated by -57.33 % year on year, sequentially revenue fell by -26.32 %. While revenue at the Abraxas Petroleum Corp's corporate clients recorded rose by 29.45 % year on year, sequentially revenue grew by 76.45 %.
Abraxas Petroleum's Customers have recorded an advance in their cost of revenue by 6.94 % in the 4 quarter 2022 year on year, sequentially costs of revenue were trimmed by -4.04 %, for the same period Abraxas Petroleum Corp revnue deteriorated by -57.33 % year on year, sequentially revenue fell by -26.32 %.
Abraxas Petroleum's Comment on Sales, Marketing and Customers
The revenue generated by our operations is highly dependent upon the prices
we receive for our oil and gas. Historically, the markets for oil and gas have
been volatile and are likely to continue to be volatile in the future. The prices
we receive for our oil and gas production are subject to wide fluctuations and
depend on numerous factors beyond our control including seasonality, the condition
of the United States economy (particularly the manufacturing sector), foreign
imports, political conditions in other petroleum producing countries, the actions
of the Organization of Petroleum Exporting Countries, domestic regulation, legislation
and policies.
Abraxas Petroleum’s Comment on Sales, Marketing and Customers
The revenue generated by our operations is highly dependent upon the prices
we receive for our oil and gas. Historically, the markets for oil and gas have
been volatile and are likely to continue to be volatile in the future. The prices
we receive for our oil and gas production are subject to wide fluctuations and
depend on numerous factors beyond our control including seasonality, the condition
of the United States economy (particularly the manufacturing sector), foreign
imports, political conditions in other petroleum producing countries, the actions
of the Organization of Petroleum Exporting Countries, domestic regulation, legislation
and policies.
Sources:
Abraxas Petroleum Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Abraxas Petroleum Corp’s corporate clients.
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