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
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,47715,63116,85020,42821,530
Cash and cash equivalents17,47715,63116,85020,42821,530
Receivables17,33715,31419,69418,42919,819
Derivative instruments and hedges, assets   9911,303 
Prepaid expense and other current assets908
Other undisclosed current assets(1,388)(682)(4,427)(3,782)(4,445)
Total current assets:33,42630,26333,10836,37837,812
Noncurrent Assets
Property, plant and equipment164,033166,227163,955158,487153,243
Oil and gas, full cost method, property and equipment, after accumulated depletion163,809166,075163,739158,239152,559
Derivative instruments and hedges   223435 
Deferred tax assets, net29,15030,90630,30533,12334,573
Other undisclosed noncurrent assets(162,927)(165,086)(162,640)(157,031)(151,240)
Total noncurrent assets:194,065198,122195,582193,253189,135
TOTAL ASSETS:227,491228,385228,690229,631226,947
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,84117,13415,68415,83913,394
Other undisclosed accounts payable and accrued liabilities10,84117,13415,68415,83913,394
Derivative instruments and hedges, liabilities     1,825
Asset retirement obligation284278   
Disposal group, including discontinued operation284    
Other undisclosed current liabilities951341   
Total current liabilities:12,36017,75315,68415,83915,219
Noncurrent Liabilities
Long-term debt and lease obligation40,70742,30943,67742,78644,294
Long-term debt, excluding current maturities40,70742,30943,67742,78644,294
Liabilities, other than long-term debt4,4514,3625,1285,0035,237
Asset retirement obligations4,4514,3625,1285,0034,918
Derivative instruments and hedges, liabilities     319
Total noncurrent liabilities:45,15846,67148,80547,78949,531
Total liabilities:57,51864,42464,48963,62864,750
Equity
Equity, attributable to parent169,973163,961164,201166,003162,197
Common stock361358358356356
Additional paid in capital230,886230,574230,140229,288228,473
Accumulated other comprehensive loss(102,102)(102,102)(102,102)(102,102)(102,102)
Retained earnings40,82835,13135,80538,46135,470
Total equity:169,973163,961164,201166,003162,197
TOTAL LIABILITIES AND EQUITY:227,491228,385228,690229,631226,947

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

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues20,08415,38216,59218,32911,534
Revenue, net22,146 17,21714,83814,805
Cost of revenue(8,662)(8,835)(10,719)(8,028)(9,200)
Cost of goods and services sold(4,061)(3,531)(3,577)(3,529)(3,455)
Gross profit:11,4226,5475,87310,3012,334
Operating expenses(3,517)(3,630)(3,928)(4,066)(3,365)
Operating income (loss):7,9052,9171,9456,235(1,031)
Nonoperating income (expense)
(gain, Foreign Currency Transaction, before Tax)
     969
Interest and debt expense(879)(920)(850)(926)(949)
Income (loss) from continuing operations before equity method investments, income taxes:7,0261,9971,0955,309(1,011)
Other undisclosed income (loss) from continuing operations before income taxes879920850926(20)
Income (loss) from continuing operations before income taxes:7,9052,9171,9456,235(1,031)
Income tax benefit     801
Other undisclosed loss from continuing operations  (3,786)   
Income (loss) from continuing operations:7,905(869)1,9456,235(230)
Income (loss) before gain (loss) on sale of properties:7,577(822)1,9516,1961,532
Income (loss) from discontinued operations(328)476(39)1,762
Net income (loss):7,577(822)1,9516,1961,532
Other undisclosed net income (loss) attributable to parent(1,819)3,469(2,818)(1,450) 
Net income (loss) available to common stockholders, basic:5,7582,647(867)4,7461,532
Interest on convertible debt 659    
Other undisclosed net income (loss) available to common stockholders, diluted3281,729(6)  
Net income (loss) available to common stockholders, diluted:6,7454,376(873)4,7461,532

Comprehensive Income ($ in thousands)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net income (loss):7,577(822)1,9516,1961,532
Comprehensive income (loss):7,577(822)1,9516,1961,532
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,819)3,469(2,818)(1,450)61
Comprehensive income (loss), net of tax, attributable to parent:5,7582,647(867)4,7461,593

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: