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Approach Resources revenue
Approach Resources's revenue is $114.0 million.
What is Approach Resources's revenue?
- Approach Resources has 99 employees, and the revenue per employee ratio is $1,151,868.
- Approach Resources's peak quarterly revenue was $73.4M in 2014(q2).
- Approach Resources peak revenue was $258.5M in 2014.
- Approach Resources annual revenue for 2017 was 105.3M, 16.66% growth from 2016.
- Approach Resources annual revenue for 2018 was 114.0M, 8.24% growth from 2017.
- Approach Resources's revenue growth from 2010 to 2018 is 98.04%.
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Approach Resources historical revenue
Approach Resources's peak revenue was $258.5M in 2014. The peak quarterly revenue was $73.4M in 2014(q2).
Approach Resources's revenue increased from $57.6m in 2010 to $114.0M currently. That's a 98.04% change in annual revenue.
Approach Resources annual revenue
Approach Resources annual revenue over time
| Fiscal year / year | Approach Resources revenue |
|---|---|
| 2010 | $57.6M |
| 2011 | $108.4M |
| 2012 | $128.9M |
| 2013 | $181.3M |
| 2014 | $258.5M |
| 2015 | $131.3M |
| 2016 | $90.3M |
| 2017 | $105.3M |
| 2018 | $114.0M |
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Approach Resources annual growth
Approach Resources saw the greatest revenue growth in 2011, when revenue increased by 88.23%.
Approach Resources had the lowest revenue growth in 2015, when revenue changed by -49.2%.
Approach Resources annual growth rate over time
| Year | Approach Resources growth |
|---|---|
| 2011 | 88%↑ |
| 2012 | 19%↑ |
| 2013 | 41%↑ |
| 2014 | 43%↑ |
| 2015 | -49%↓ |
| 2016 | -31%↓ |
| 2017 | 17%↑ |
| 2018 | 8%↑ |
Approach Resources quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Approach Resources quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2011 | - | $29.1M | $28.0M | $31.1M |
| 2012 | $30.6M | $29.9M | $33.0M | $35.3M |
| 2013 | $36.3M | $42.3M | $44.2M | $58.6M |
| 2014 | $61.9M | $73.4M | $68.1M | $55.1M |
| 2015 | $33.3M | $38.6M | $33.9M | $25.5M |
| 2016 | $17.6M | $22.4M | $23.7M | $26.5M |
| 2017 | $26.4M | $25.0M | $25.6M | $28.4M |
| 2018 | $28.8M | $30.3M | $32.6M | $22.4M |
| 2019 | $19.2M | $14.7M | $15.4M | - |
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Approach Resources financial information
| CEO | J. Ross Craft |
| Industry | Energy Equipment & Services |
| Company Type | Public |
| Employees Number | 99 |
| Date Founded | 2002 |
| Headquarters | Fort Worth, Texas |
| Number of Locations | 1 |
| Revenue | $114.0M |
| Net Income | -$19,911,000 |
| EBITDA | $62.3M (2018) |
| PE Ratio | -4.54 |
| Tax Rate | 0.2% |
| Market Capitalization | $90.3M |
| Total Assets | $1,084,647,000 |
| Ticker | AREX |
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Approach Resources investors
| Investors | Security type |
|---|---|
| J. Ross Craft | |
| Yorktown Partners LLC |
Approach Resources competitors
Approach Resources's top competitor, Pioneer Natural Resources, earned an annual revenue of $19.4B.
Approach Resources's smallest competitor is Sheridan Production with revenue of $13.0M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pioneer Natural Resources | $58,210 | $19.4B | 1,853 | - |
| Laredo Petroleum | $58,301 | $677.0M | 257 | - |
| Civitas Resources | $51,617 | $3.5B | 322 | 9 |
| Matador Resources | $65,557 | $3.5B | 286 | 14 |
| Diamondback Energy | $55,974 | $11.1B | 732 | 29 |
| Callon Petroleum | $79,510 | $2.3B | 169 | - |
| Legacy Reserves Service Inc. | $46,280 | $554.9M | 200 | - |
| Sheridan Production | $46,486 | $13.0M | 200 | - |
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Zippia gives an in-depth look into the details of Approach Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Approach Resources. The employee data is based on information from people who have self-reported their past or current employments at Approach Resources. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Approach Resources. The data presented on this page does not represent the view of Approach Resources and its employees or that of Zippia.
Approach Resources may also be known as or be related to APPROACH RESOURCES INC, Approach Resources, Approach Resources Inc, Approach Resources Inc. and Approach Resources, Inc.