EP Energy Corporation (EPEG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1001 LOUISIANA STREET HOUSTON, TX 77002 |
| 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)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 27,000 | 27,000 | 20,000 | 26,000 | 22,000 | |||
| Cash and cash equivalent | 27,000 | 27,000 | 20,000 | 26,000 | 22,000 | |||
| Restricted cash and investments | 18,000 | |||||||
| Receivables | 230,000 | 171,000 | 149,000 | 217,000 | 272,000 | |||
| Inventory, net of allowances, customer advances and progress billings | 22,000 | 16,000 | 16,000 | 24,000 | 25,000 | |||
| Inventory | 22,000 | 16,000 | 16,000 | 24,000 | 25,000 | |||
| Prepaid expense | 5,000 | 35,000 | 5,000 | 5,000 | 7,000 | |||
| Derivative instruments and hedges, assets | 101,000 | 18,000 | 58,000 | 694,000 | 752,000 | |||
| Other current assets | ||||||||
| Other undisclosed current assets | 181,000 | 3,000 | 24,000 | |||||
| Total current assets: | 385,000 | 466,000 | 248,000 | 969,000 | 1,102,000 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 8,728,000 | |||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 10,241,000 | |||||||
| Derivative instruments and hedges | 13,000 | 4,000 | 4,000 | 85,000 | 297,000 | |||
| Regulated entity, other noncurrent assets | 8,000 | 6,000 | 10,000 | 23,000 | 90,000 | |||
| Other noncurrent assets | 1,000 | 2,000 | 1,000 | 1,000 | 2,000 | |||
| Other undisclosed noncurrent assets | (18,969,000) | |||||||
| Total noncurrent assets: | 22,000 | 12,000 | 15,000 | 109,000 | 389,000 | |||
| Other undisclosed assets | 3,774,000 | 4,422,000 | 4,498,000 | 4,755,000 | 8,728,000 | |||
| TOTAL ASSETS: | 4,181,000 | 4,900,000 | 4,761,000 | 5,833,000 | 10,219,000 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 296,000 | 308,000 | 219,000 | 297,000 | 598,000 | |||
| Interest and dividends payable | 70,000 | 62,000 | 43,000 | 47,000 | 53,000 | |||
| Accounts payable | 226,000 | 246,000 | 176,000 | 250,000 | 545,000 | |||
| Debt | 58,000 | 21,000 | ||||||
| Derivative instruments and hedges, liabilities | 17,000 | 4,000 | 1,000 | |||||
| Asset retirement obligation | 1,000 | 2,000 | ||||||
| Disposal group, including discontinued operation | 2,000 | |||||||
| Other liabilities | 86,000 | 100,000 | 98,000 | 50,000 | 47,000 | |||
| Deferred tax liabilities | ✕ | 251,000 | ||||||
| Other undisclosed current liabilities | ||||||||
| Total current liabilities: | 440,000 | 448,000 | 321,000 | 348,000 | 899,000 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 4,380,000 | 4,072,000 | 3,789,000 | 4,812,000 | 4,598,000 | |||
| Long-term debt, excluding current maturities | 4,380,000 | 4,072,000 | 3,789,000 | 4,812,000 | 4,598,000 | |||
| Liabilities, other than long-term debt | 55,000 | 38,000 | 45,000 | 54,000 | 374,000 | |||
| Asset retirement obligations | 39,000 | 33,000 | 40,000 | 40,000 | 40,000 | |||
| Deferred tax liabilities, net | ✕ | 327,000 | ||||||
| Other liabilities | 16,000 | 5,000 | 4,000 | 6,000 | 7,000 | |||
| Derivative instruments and hedges, liabilities | 1,000 | 8,000 | ||||||
| Other undisclosed noncurrent liabilities | (95,000) | (50,000) | ||||||
| Total noncurrent liabilities: | 4,340,000 | 4,060,000 | 3,834,000 | 4,866,000 | 4,972,000 | |||
| Total liabilities: | 4,780,000 | 4,508,000 | 4,155,000 | 5,214,000 | 5,871,000 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (599,000) | 392,000 | 606,000 | 619,000 | 4,348,000 | |||
| Treasury stock, value | (1,000) | (3,000) | (3,000) | |||||
| Additional paid in capital | 3,536,000 | 3,526,000 | 3,546,000 | 3,529,000 | 3,510,000 | |||
| Retained earnings (accumulated deficit) | (4,137,000) | (3,134,000) | (2,939,000) | (2,912,000) | 836,000 | |||
| Other undisclosed equity, attributable to parent | 3,000 | 3,000 | 2,000 | 2,000 | 2,000 | |||
| Total equity: | (599,000) | 392,000 | 606,000 | 619,000 | 4,348,000 | |||
| Other undisclosed liabilities and equity | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 4,181,000 | 4,900,000 | 4,761,000 | 5,833,000 | 10,219,000 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,324,000 | 1,066,000 | 767,000 | 1,908,000 | 3,084,000 | ||
| Revenue, net | ✕ | ✕ | 922,000 | 775,000 | 1,181,000 | 1,989,000 | |
| Cost of revenue (Cost of Product and Service Sold) | (3,000) | (165,000) | (169,000) | (217,000) | (216,000) | ||
| Gross profit: | 1,321,000 | 901,000 | 598,000 | 1,691,000 | 2,868,000 | ||
| Operating expenses | (79,000) | (77,000) | (55,000) | (100,000) | (172,000) | ||
| Other undisclosed operating loss | (1,957,000) | (685,000) | (641,000) | (5,546,000) | (1,203,000) | ||
| Operating income (loss): | (715,000) | 139,000 | (98,000) | (3,955,000) | 1,493,000 | ||
| Nonoperating income | 4,000 | 1,000 | |||||
| Investment income, nonoperating | 985,000 | ||||||
| Other nonoperating income | 4,000 | ||||||
| Interest and debt expense | (292,000) | (342,000) | 72,000 | (371,000) | (335,000) | ||
| Income (loss) from continuing operations before income taxes: | (1,003,000) | (203,000) | (26,000) | (4,326,000) | 1,159,000 | ||
| Income tax expense (benefit) | 9,000 | (1,000) | 578,000 | (432,000) | |||
| Income (loss) from continuing operations: | (1,003,000) | (194,000) | (27,000) | (3,748,000) | 727,000 | ||
| Income (loss) before gain (loss) on sale of properties: | (1,003,000) | (194,000) | 49,000 | (3,748,000) | 727,000 | ||
| Income from discontinued operations | 76,000 | ||||||
| Net income (loss): | (1,003,000) | (194,000) | 49,000 | (3,748,000) | 727,000 | ||
| Other undisclosed net income (loss) attributable to parent | (76,000) | 4,000 | |||||
| Net income (loss) available to common stockholders, diluted: | (1,003,000) | (194,000) | (27,000) | (3,748,000) | 731,000 | ||
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,003,000) | (194,000) | 49,000 | (3,748,000) | 727,000 | ||
| Comprehensive income (loss): | (1,003,000) | (194,000) | 49,000 | (3,748,000) | 727,000 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 4,000 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,003,000) | (194,000) | 49,000 | (3,748,000) | 731,000 | ||
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.