Sardar Biglari — CEO of San Antonio-based Biglari Holdings Inc., pictured arriving at the Majestic Theatre for that company’s 2020 annual meeting — bought the majority of Abraxas Petroleum Corp.’s shares in mid-September this year.Welcome back to Earnings Roundup, SA Inc’s weekly summary of the latest financial reports from companies of local interest. Look for it online Monday during quarterly or annual earnings reporting periods.
This week’s roundup of financial reports includes San Antonio-based Abraxas Petroleum and Usio, as well as the parent companies of Six Flags Fiesta Texas and Pollo Tropical.Abraxas Petroleum Corp. has sold its oil and gas products this year for more than $96 per barrel on average, up from $60 per barrel last year. Higher energy prices boosted the company’s third-quarter earnings from a year ago, even as Abraxas’ overall oil and gas production and revenue declined.
, and several Abraxas executives and board members have since resigned. The company recently sold its North Side office for $5 million.$13.25 million vs. $20.8 million last year.Josie Norris, San Antonio Express-News / Staff photographerUsio Inc., a payment processing technology company, saw its third-quarter revenue rise year over year for the ninth consecutive quarter.
. Higher ticket prices and eliminating free and heavily discounted products drove some visitors away from its parks.$505 million vs. $638 million last year.“This was a year of transition for Six Flags, as we made bold changes to our business model in order to elevate the guest experience and to position the company for sustainable, long-term earnings growth.” —DALLAS — Fiesta Restaurant Group Inc.
Source: News Formal (newsformal.com)
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