SARATOGA RESOURCES INC /TX Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1304 ALTA VISTA AUSTIN, TX 78704 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1382 - Oil and Gas Field Exploration Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 10,911 | 32,547 | 32,302 | |||
| Cash and cash equivalent | 10,911 | 32,547 | 32,302 | |||
| Receivables | 3,779 | 6,759 | 12,430 | |||
| Other current assets | 150 | 150 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 1,269 | ||
| Other undisclosed current assets | 1,007 | 1,056 | 150 | |||
| Total current assets: | 15,847 | 40,512 | 46,151 | |||
| Noncurrent Assets | ||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 75,714 | 186,246 | 180,071 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 75,502 | 186,060 | 179,859 | |||
| Regulated entity, other noncurrent assets | 4,077 | 6,352 | 5,729 | |||
| Other noncurrent assets | 20,351 | 21,666 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 19,929 | ||
| Other undisclosed noncurrent assets | (79,579) | (192,412) | (177,088) | |||
| Total noncurrent assets: | 96,065 | 207,911 | 208,500 | |||
| TOTAL ASSETS: | 111,912 | 248,424 | 254,651 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 19,729 | 15,200 | 18,046 | |||
| Accounts payable | 6,722 | 5,392 | 7,259 | |||
| Accrued liabilities | 13,007 | 9,808 | 10,787 | |||
| Debt | 179,131 | 339 | 373 | |||
| Derivative instruments and hedges, liabilities | 0 | 838 | 171 | |||
| Estimated litigation liability | 3,400 | |||||
| Asset retirement obligation | 256 | |||||
| Other undisclosed current liabilities | (689) | 3,755 | 6,130 | |||
| Total current liabilities: | 201,571 | 20,131 | 24,977 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 179,800 | 178,197 | 150,396 | |||
| Long-term debt, excluding current maturities | 179,800 | 178,197 | 150,396 | |||
| Liabilities, other than long-term debt | 16,398 | 12,832 | 16,816 | |||
| Asset retirement obligations | 16,398 | 12,649 | 16,816 | |||
| Derivative instruments and hedges, liabilities | 182 | |||||
| Other undisclosed noncurrent liabilities | (179,800) | |||||
| Total noncurrent liabilities: | 16,398 | 191,029 | 167,212 | |||
| Total liabilities: | 217,969 | 211,159 | 192,188 | |||
| Equity | ||||||
| Equity, attributable to parent | (106,057) | 37,265 | 62,463 | |||
| Common stock | 31 | 31 | 31 | |||
| Additional paid in capital | 78,755 | 78,165 | 77,140 | |||
| Accumulated other comprehensive loss | (171) | |||||
| Accumulated deficit | (184,843) | (40,932) | (14,537) | |||
| Total equity: | (106,057) | 37,265 | 62,463 | |||
| TOTAL LIABILITIES AND EQUITY: | 111,912 | 248,424 | 254,651 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 54,354 | 67,415 | 84,012 | ||
| Revenue, net | ✕ | 52,803 | 69,116 | 83,940 | |
| Cost of revenue (Cost of Product and Service Sold) | (29,169) | (24,161) | (23,145) | ||
| Gross profit: | 25,185 | 43,254 | 60,867 | ||
| Operating expenses | (173,821) | (63,727) | (71,683) | ||
| Other operating expense, net (Other Expenses) | (21,450) | (17,627) | |||
| Other undisclosed operating income | 29,169 | 45,611 | 40,772 | ||
| Operating income (loss): | (119,467) | 3,688 | 12,330 | ||
| Nonoperating expense | (24,254) | (16) | (32) | ||
| Investment income, nonoperating | (16) | (32) | |||
| Other nonoperating expense | (24,254) | ||||
| Interest and debt expense | (24,302) | 21,466 | 17,651 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (168,024) | 25,138 | 29,949 | ||
| Other undisclosed income from continuing operations before income taxes | 24,302 | ||||
| Income (loss) from continuing operations before income taxes: | (143,721) | 25,138 | 29,949 | ||
| Income tax expense (benefit) | (190) | (8,630) | 1,750 | ||
| Income (loss) from continuing operations: | (143,911) | 16,508 | 31,699 | ||
| Income (loss) before gain (loss) on sale of properties: | (143,911) | 16,508 | 31,699 | ||
| Net income (loss): | (143,911) | 16,508 | 31,699 | ||
| Other undisclosed net loss attributable to parent | (42,902) | (35,407) | |||
| Net loss available to common stockholders, diluted: | (143,911) | (26,394) | (3,708) | ||
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (143,911) | 16,508 | 31,699 | ||
| Other comprehensive loss | (26,223) | (3,879) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (143,911) | (9,716) | 27,821 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.