Approach Resources, Inc. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2017. For the quarter, the company's oil, NGL and gas sales were $25,608,000 compared to $23,749,000 a year ago. Operating loss was $3,935,000 compared to $8,452,000 a year ago. Loss before income tax benefit was $12,770,000 compared to $13,988,000 a year ago. Net loss was $8,512,000 compared to $9,073,000 a year ago. Diluted loss per share was $0.10 compared to $0.22 a year ago. Adjusted net loss was $6,538,000 compared to $9,567,000 a year ago. Adjusted net loss per diluted share was $0.08 compared to $0.23 a year ago. EBITDAX was $13,844,000 compared to $14,145,000 a year ago.

For the nine months, the company's oil, NGL and gas sales were $76,932,000 compared to $63,797,000 a year ago. Operating loss was $18,760,000 compared to $37,807,000 a year ago. Loss before income tax benefit was $28,243,000 compared to $59,615,000 a year ago. Net loss was $158,176,000 compared to $38,768,000 a year ago. Diluted loss per share was $1.95 compared to $0.94 a year ago. Adjusted net loss was $24,058,000 compared to $33,025,000 a year ago. Adjusted net loss per diluted share was $0.30 compared to $0.80 a year ago. EBITDAX was $40,908,000 compared to $36,555,000 a year ago.

For the quarter, the company's oil production was 278 MBbls compared to 298 MBbls a year ago. NGLs production was 374 MBbls compared to 394 MBbls a year ago. Gas production was 2,455 MMcf compared to 2,556 MMcf a year ago. Total production was 1,061 MBoe compared to 1,117 MBoe a year ago. Total production was 11.5 MBoe/d compared to 12.1 MBoe/d a year ago.

For the nine months, the company's oil production was 837 MBbls compared to 970 MBbls a year ago. NGLs production was 1,109 MBbls compared to 1,149 MBbls a year ago. Gas production was 7,331 MMcf compared to 7,873 MMcf a year ago. Total production was 3,168 MBoe compared to 3,431 MBoe a year ago. Total production was 11.6 MBoe/d compared to 12.5 a year ago.