Breitburn Energy Partners LP (BBEP) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
707 WILSHIRE BOULEVARD LOS ANGELES, CA 90017 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 71,124 | 10,464 | 12,628 | 2,458 | 4,507 | |||
| Cash and cash equivalent | 71,124 | 10,464 | 12,628 | 2,458 | 4,507 | |||
| Receivables | (1,740) | 174 | 167,298 | 98,866 | 68,675 | |||
| Inventory, net of allowances, customer advances and progress billings | 998 | 926 | 3,727 | 3,890 | ✕ | |||
| Inventory | 998 | 926 | 3,727 | 3,890 | ||||
| Prepaid expense | 8,230 | 6,447 | 7,304 | 3,334 | ✕ | |||
| Derivative instruments and hedges, assets | 439,627 | 408,151 | 7,914 | 34,018 | ||||
| Intangible current assets | 365 | ✕ | ✕ | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 2,779 | ||
| Other undisclosed current assets | 552,144 | 130,324 | 1,600 | 600 | 3,686 | |||
| Total current assets: | 630,756 | 588,327 | 600,708 | 117,062 | 113,665 | |||
| Noncurrent Assets | ||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 3,413,646 | 3,932,882 | 6,454,201 | 3,915,376 | 2,711,893 | |||
| Long-term investments and receivables | 7,160 | 6,567 | 6,463 | 6,641 | 7,004 | |||
| Long-term investments | 7,160 | 6,567 | 6,463 | 6,641 | 7,004 | |||
| Intangible asset, including goodwill, after accumulated amortization | 92,024 | 500 | ✕ | |||||
| Goodwill | 92,024 | |||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 500 | |||||||
| Derivative instruments and hedges | 226,764 | 319,560 | 71,319 | 55,210 | ||||
| Regulated entity, other noncurrent assets | 52,800 | |||||||
| Deposits noncurrent assets | 50,800 | 22,600 | ||||||
| Other noncurrent assets | 63,846 | 117,872 | 157,042 | 74,205 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 27,722 | ||
| Other undisclosed noncurrent assets | (95,264) | (11,421) | ||||||
| Total noncurrent assets: | 3,484,652 | 4,284,085 | 7,037,626 | 4,079,220 | 2,801,829 | |||
| TOTAL ASSETS: | 4,115,408 | 4,872,412 | 7,638,334 | 4,196,282 | 2,915,494 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 112,765 | 121,741 | 184,294 | 112,090 | 74,351 | |||
| Interest and dividends payable | 21,064 | 20,250 | ||||||
| Taxes payable | 15,340 | 24,292 | 25,207 | |||||
| Employee-related liabilities | 11,057 | 21,654 | 22,322 | 15,359 | 10,857 | |||
| Accounts payable | 47,838 | 50,412 | 129,270 | 69,809 | 42,497 | |||
| Accrued liabilities | 17,466 | 5,133 | 7,495 | 26,922 | 20,997 | |||
| Debt | 1,198,259 | 154,000 | 105,000 | |||||
| Derivative instruments and hedges, liabilities | 4,462 | 5,457 | 24,876 | 5,625 | ||||
| Asset retirement obligation | 5,905 | 2,341 | 4,948 | |||||
| Other undisclosed current liabilities | 37,271 | 35,462 | 61,857 | 45,923 | 35,264 | |||
| Total current liabilities: | 1,354,200 | 318,006 | 361,556 | 182,889 | 115,240 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 3,094 | 2,867,157 | 6,494,320 | 1,156,675 | 755,696 | |||
| Long-term debt, excluding current maturities | 3,094 | 2,867,157 | 6,494,320 | 1,156,675 | 755,696 | |||
| Liabilities, other than long-term debt | 270,740 | 278,110 | 262,667 | 133,349 | 109,435 | |||
| Asset retirement obligations | 252,589 | 252,037 | 233,463 | 123,769 | 98,480 | |||
| Accrued environmental loss contingencies | 600 | 600 | 1,800 | 2,200 | 1,900 | |||
| Other liabilities | 17,551 | 25,218 | 25,135 | 4,820 | 4,662 | |||
| Derivative instruments and hedges, liabilities | 255 | 2,269 | 2,560 | 4,393 | ||||
| Other undisclosed noncurrent liabilities | 1,881,347 | 3,244 | (3,246,385) | 733,549 | 345,587 | |||
| Total noncurrent liabilities: | 2,155,181 | 3,148,511 | 3,510,602 | 2,023,573 | 1,210,718 | |||
| Total liabilities: | 3,509,381 | 3,466,517 | 3,872,158 | 2,206,462 | 1,325,958 | |||
| Equity | ||||||||
| Equity, attributable to parent | 1,902 | (117) | (662) | |||||
| Accumulated other comprehensive income (loss) | 1,902 | (117) | (662) | |||||
| Other undisclosed equity | 604,125 | 1,406,012 | 3,766,838 | 1,989,820 | 1,589,536 | |||
| Total equity: | 606,027 | 1,405,895 | 3,766,176 | 1,989,820 | 1,589,536 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,115,408 | 4,872,412 | 7,638,334 | 4,196,282 | 2,915,494 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 469,005 | 1,108,715 | 1,429,969 | 634,658 | 422,995 | ||
| Revenue, net | 522,096 | 670,101 | 863,436 | 663,840 | 417,415 | ||
| Cost of revenue | (606,101) | (2,939,973) | (440,709) | (270,868) | (149,565) | ||
| Gross profit: | (137,096) | (1,831,258) | 989,260 | 363,790 | 273,430 | ||
| Operating expenses | (439,711) | (545,324) | (443,293) | (319,514) | (251,730) | ||
| Operating income (loss): | (576,807) | (2,376,582) | 545,967 | 44,276 | 21,700 | ||
| Nonoperating income (expense) | 357 | 814 | 568,279 | (29,157) | 5,532 | ||
| Investment income, nonoperating | 566,533 | (29,182) | 5,580 | ||||
| Other nonoperating income (expense) | 357 | 814 | 1,746 | 25 | (48) | ||
| Interest and debt expense | (148,214) | (203,027) | (126,960) | (87,067) | (61,206) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (724,664) | (2,578,795) | 987,286 | (71,948) | (33,974) | ||
| Income from equity method investments | 500 | 700 | |||||
| Other undisclosed income (loss) from continuing operations before income taxes | (93,177) | (2,691) | (566,043) | 28,682 | (7,381) | ||
| Income (loss) from continuing operations before income taxes: | (817,841) | (2,581,486) | 421,243 | (42,766) | (40,655) | ||
| Income tax expense (benefit) | 1,708 | (1,527) | 73 | (905) | (84) | ||
| Income (loss) from continuing operations: | (816,133) | (2,583,013) | 421,316 | (43,671) | (40,739) | ||
| Income (loss) before gain (loss) on sale of properties: | (816,133) | (2,583,013) | 421,316 | (43,671) | (40,739) | ||
| Net income (loss): | (816,133) | (2,583,013) | 421,316 | (43,671) | (40,739) | ||
| Net income (loss) attributable to noncontrolling interest | 1,182 | (326) | 17 | (62) | |||
| Net income (loss) attributable to parent: | (814,951) | (2,583,339) | 421,333 | (43,671) | (40,801) | ||
| Preferred stock dividends and other adjustments | (6,142) | (16,500) | (10,083) | 21 | 82 | ||
| Other undisclosed net loss available to common stockholders, basic | (11,744) | (22,548) | (5,348) | ||||
| Net income (loss) available to common stockholders, diluted: | (832,837) | (2,622,387) | 405,902 | (43,650) | (40,719) | ||
Comprehensive Income ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (816,133) | (2,583,013) | 421,316 | (43,671) | (40,739) | ||
| Other comprehensive income (loss) | 1,261 | 163 | (392) | ||||
| Other undisclosed comprehensive income (loss) | 870 | 112 | (270) | ||||
| Comprehensive income (loss): | (814,002) | (2,582,738) | 420,654 | (43,671) | (40,739) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 313 | (438) | (287) | 62 | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 574 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (813,689) | (2,583,176) | 420,941 | (43,671) | (40,677) | ||
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.