Equal Energy LTD (EQU) Financial Statements (2024 and earlier)

Company Profile

Business Address 4801 GAILLARDIA PARKWAY
OKLAHOMA CITY, OK 73142
State of Incorp. AB
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)

6/30/2014
MRQ
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 15,631
Cash and cash equivalents 15,631
Receivables 15,314
Other undisclosed current assets (682)
Total current assets: 30,263
Noncurrent Assets
Property, plant and equipment 166,227
Oil and gas, full cost method, property and equipment, after accumulated depletion 166,075
Deferred tax assets, net 30,906
Other undisclosed noncurrent assets (165,086)
Total noncurrent assets: 198,122
TOTAL ASSETS: 228,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 17,134
Other undisclosed accounts payable and accrued liabilities 17,134
Asset retirement obligation 278
Other undisclosed current liabilities 341
Total current liabilities: 17,753
Noncurrent Liabilities
Long-term debt and lease obligation 42,309
Long-term debt, excluding current maturities 42,309
Liabilities, other than long-term debt 4,362
Asset retirement obligations 4,362
Total noncurrent liabilities: 46,671
Total liabilities: 64,424
Equity
Equity, attributable to parent 163,961
Common stock 358
Additional paid in capital 230,574
Accumulated other comprehensive loss (102,102)
Retained earnings 35,131
Total equity: 163,961
TOTAL LIABILITIES AND EQUITY: 228,385

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

6/30/2014
TTM
12/31/2013
Revenues 61,863
Revenue, net 64,047
Cost of revenue (36,807)
Cost of goods and services sold (14,091)
Gross profit: 25,056
Operating expenses (14,989)
Operating income: 10,067
Interest and debt expense (3,645)
Income from continuing operations before equity method investments, income taxes: 6,422
Other undisclosed income from continuing operations before income taxes 3,645
Income from continuing operations before income taxes: 10,067
Income tax expense (3,786)
Income from continuing operations: 6,281
Income before gain (loss) on sale of properties: 8,057
Income from discontinued operations 1,776
Net income available to common stockholders, diluted: 8,057

Comprehensive Income ($ in thousands)

6/30/2014
TTM
12/31/2013
Net income: 8,057
Comprehensive income: 8,057
Other undisclosed comprehensive income, net of tax, attributable to parent 61
Comprehensive income, net of tax, attributable to parent: 8,118

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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