Camber Energy Inc. (CEI) Financial Statements (2024 and earlier)

Company Profile

Business Address 15915 KATY FREEWAY
HOUSTON, TX 77094
State of Incorp.
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2501,1675,8546577,779760
Cash and cash equivalents2501,1675,8546577,779760
Restricted cash and investments      29
Receivables8,545 24 129647
Inventory, net of allowances, customer advances and progress billings9,796     
Inventory9,796     
Prepaid expense  5757   
Other current assets    221263229
Other undisclosed current assets1,062  255  
Total current assets:19,6541,2235,9361,1338,1711,665
Noncurrent Assets
Operating lease, right-of-use asset3,901   
Property, plant and equipment1,640  11121312,546
Oil and gas, full cost method, property and equipment, after accumulated depletion 1,0846369   
Long-term investments and receivables  26,83836,3008,297  
Long-term investments  26,83836,300957  
Accounts and financing receivable, after allowance for credit loss    7,340  
Intangible assets, net (including goodwill)72,672     
Goodwill52,970     
Intangible assets, net (excluding goodwill)19,702     
Other noncurrent assets     19958
Other undisclosed noncurrent assets2,7626,5724,100155  
Total noncurrent assets:82,05833,47340,4688,56341212,603
TOTAL ASSETS:101,71234,69746,4049,6958,58314,268
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,7604,3413,5561,9992,1044,313
Taxes payable333 
Employee-related liabilities 173303200
Accounts payable6,7607911,4491,4741,5212,972
Accrued liabilities  3,5502,1043482761,141
Debt3    35,692
Derivative instruments and hedges, liabilities3,863     
Asset retirement obligation    30  
Other undisclosed current liabilities21,17113,49093,10977,637  
Total current liabilities:31,79617,83196,66579,6662,10440,005
Noncurrent Liabilities
Long-term debt and lease obligation39,97233,92821,500  247
Long-term debt, excluding current maturities39,97233,92821,500  247
Liabilities, other than long-term debt2,5886253 304979
Asset retirement obligations  6253 304979
Operating lease, liability2,588   
Derivative instruments and hedges, liabilities     00
Other undisclosed noncurrent liabilities3,058  42  
Total noncurrent liabilities:45,61833,98921,553423041,227
Total liabilities:77,41451,820118,21879,7072,40841,231
Equity
Equity, attributable to parent, including:14,493(17,124)(71,814)(79,813)6,175(26,963)
Preferred stock    39,389  
Common stock119182575176
Additional paid in capital169,460571,888409,217179,783152,235141,424
Accumulated other comprehensive loss(249)     
Accumulated deficit(154,838)(589,030)(481,288)(259,602)(154,218)(170,862)
Other undisclosed equity, attributable to parent000(39,389)8,1422,468
Equity, attributable to noncontrolling interest9,805     
Other undisclosed equity    9,801  
Total equity:24,298(17,124)(71,814)(70,012)6,175(26,963)
TOTAL LIABILITIES AND EQUITY:101,71234,69746,4049,6958,58314,268

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues32,0545974013972,7426,860
Revenue, net6,860
Gain (loss) on disposition of assets for financial service operations854(89,523)(152,832)  
Other operating income  418    
Cost of revenue
(Cost of Goods and Services Sold)
(21,341)(14)(12)   
Gross profit:10,7145833893972,7426,860
Operating expenses(39,049)(4,980)(5,835)(5,424)15,868(25,526)
Other operating expense, net    (229)  
Other undisclosed operating income21,3411412229  
Operating income (loss):(6,994)(4,383)(5,433)(5,027)18,610(18,667)
Nonoperating income (expense)(26,027) (164,242)22,931474(86)
Other nonoperating income (expense)480  22,931474(86)
Interest and debt expense(606)(4,706)(1,979)(18)(2,438)(6,019)
Income (loss) from continuing operations before equity method investments, income taxes:(33,627)(9,088)(171,654)17,88616,646(24,772)
Income from equity method investments    957  
Other undisclosed income (loss) from continuing operations before income taxes606(98,654)1,979(46,801)  
Income (loss) from continuing operations before income taxes:(33,022)(107,742)(169,675)(27,958)16,646(24,772)
Income tax expense (benefit) 3,817   (3) 
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(29,205)(107,742)(169,675)(27,958)16,643(24,772)
Income (loss) before gain (loss) on sale of properties:(169,675)(27,328)16,643(24,772)
Income from discontinued operations    630  
Other undisclosed net income62,227215,484339,375   
Net income (loss):33,022107,742169,700(27,328)16,643(24,772)
Net income attributable to noncontrolling interest372     
Other undisclosed net loss attributable to parent(66,415)(215,484)(339,375)(630)  
Net income (loss) attributable to parent:(33,022)(107,742)(169,675)(27,958)16,643(24,772)
Preferred stock dividends and other adjustments   (84,156)(7,131)(5,677) 
Other undisclosed net income available to common stockholders, basic372  0  
Net income (loss) available to common stockholders, diluted:(32,650)(107,742)(253,832)(35,089)10,966(24,772)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):33,022107,742169,700(27,328)16,643(24,772)
Other comprehensive loss(32,845)     
Comprehensive income (loss):177107,742169,700(27,328)16,643(24,772)
Comprehensive income, net of tax, attributable to noncontrolling interest302     
Other undisclosed comprehensive loss, net of tax, attributable to parent(33,022)     
Comprehensive income (loss), net of tax, attributable to parent:(32,543)107,742169,700(27,328)16,643(24,772)

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.

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