FORT WORTH, Texas (AP) _ Approach Resources Inc. (AREX) on Monday reported fourth-quarter profit of $868,000.
The Fort Worth, Texas-based company said it had net income of 1 cent per share. Losses, adjusted for non-recurring gains, came to 7 cents per share.
The oil and gas company posted revenue of $22.4 million in the period.
For the year, the company reported that its loss narrowed to $19.9 million, or 21 cents per share. Revenue was reported as $114 million.
In the final minutes of trading on Monday, the company's shares hit $1.08. A year ago, they were trading at $2.62.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AREX at https://www.zacks.com/ap/AREX