Erin Energy Corp (ERINQ) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1330 POST OAK BLVD HOUSTON, TX 77056 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,132 | 10,654 | 8,538 | 7,177 | 8,304 | 8,759 | |||
| Cash and cash equivalent | 18,132 | 10,654 | 8,538 | 7,177 | 8,304 | 8,759 | |||
| Restricted cash and investments | 13,761 | 12,600 | 20,006 | 2,600 | 2,600 | ||||
| Receivables | 5,053 | 7,706 | 3,457 | 2,630 | 2,402 | 2,399 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,333 | 8,879 | 3,900 | 9,398 | 4,932 | 5,895 | |||
| Inventory | 1,333 | 8,879 | 3,900 | 9,398 | 4,932 | 5,895 | |||
| Other undisclosed current assets | 17,158 | 4,632 | 7,660 | 901 | 1,172 | 1,437 | |||
| Total current assets: | 55,437 | 44,471 | 43,561 | 22,706 | 19,410 | 18,490 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 174,019 | 146,425 | 243,775 | 266,429 | 322,868 | 330,394 | |||
| Other noncurrent assets | 35 | 35 | 66 | 90 | 76 | ||||
| Other undisclosed noncurrent assets | 66 | ||||||||
| Total noncurrent assets: | 174,054 | 146,460 | 243,841 | 266,495 | 322,958 | 330,470 | |||
| TOTAL ASSETS: | 229,491 | 190,931 | 287,402 | 289,201 | 342,368 | 348,960 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 261,742 | 249,846 | 247,224 | 244,963 | 239,173 | 242,033 | |||
| Interest and dividends payable | 3,074 | ||||||||
| Employee-related liabilities | 1,204 | ||||||||
| Accounts payable | 261,742 | 249,846 | 247,224 | 173,306 | 239,173 | 242,033 | |||
| Accrued liabilities | 806 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 66,573 | ||||||||
| Debt | 69,080 | 41,937 | 41,994 | 12,627 | 8,141 | 3,802 | |||
| Derivative instruments and hedges, liabilities | 1,751 | 656 | 807 | ||||||
| Due to related parties | 33,388 | 32,708 | 31,019 | 29,513 | 27,236 | 29,465 | |||
| Other undisclosed current liabilities | 287 | 357 | |||||||
| Total current liabilities: | 366,248 | 325,147 | 321,044 | 287,103 | 274,550 | 275,657 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 68,786 | 61,778 | 64,444 | 74,446 | 78,075 | 83,441 | |||
| Long-term debt, excluding current maturities | 68,786 | 61,778 | 64,444 | 74,446 | 78,075 | 83,441 | |||
| Liabilities, other than long-term debt | 153,731 | 153,233 | 152,748 | 152,272 | 150,981 | 149,039 | |||
| Asset retirement obligations | 23,910 | 23,421 | 22,944 | 22,476 | 21,994 | 21,522 | |||
| Due to related parties | 129,821 | 129,812 | 129,804 | 129,796 | 128,987 | 127,517 | |||
| Total noncurrent liabilities: | 222,517 | 215,011 | 217,192 | 226,718 | 229,056 | 232,480 | |||
| Total liabilities: | 588,765 | 540,158 | 538,236 | 513,821 | 503,606 | 508,137 | |||
| Equity | |||||||||
| Equity, attributable to parent | (359,945) | (349,907) | (251,529) | (225,335) | (162,019) | (159,960) | |||
| Common stock | 215 | 214 | 213 | 213 | 213 | 213 | |||
| Treasury stock, value | (936) | (936) | (877) | (228) | (206) | (192) | |||
| Additional paid in capital | 798,210 | 794,179 | 793,933 | 792,972 | 792,319 | 791,453 | |||
| Accumulated deficit | (1,157,434) | (1,143,364) | (1,044,798) | (1,018,292) | (954,345) | (951,434) | |||
| Equity, attributable to noncontrolling interest | 671 | 680 | 695 | 715 | 781 | 783 | |||
| Total equity: | (359,274) | (349,227) | (250,834) | (224,620) | (161,238) | (159,177) | |||
| TOTAL LIABILITIES AND EQUITY: | 229,491 | 190,931 | 287,402 | 289,201 | 342,368 | 348,960 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 33,643 | 14,588 | 31,278 | 21,116 | 28,619 | 23,151 | ||
| Cost of revenue | (39,517) | (22,501) | (50,914) | (42,515) | (44,696) | (45,293) | ||
| Cost of product and service sold | (22,358) | (13,922) | (22,555) | (25,060) | (25,135) | (29,708) | ||
| Gross profit: | (5,874) | (7,913) | (19,636) | (21,399) | (16,077) | (22,142) | ||
| Operating expenses | (4,156) | (83,418) | (5,456) | (38,284) | (5,740) | (5,057) | ||
| Other undisclosed operating income | ||||||||
| Operating loss: | (10,030) | (91,331) | (25,092) | (59,683) | (21,817) | (27,199) | ||
| Nonoperating income (expense) | (4,443) | (7,322) | (1,831) | (4,443) | (1,756) | 4,511 | ||
| Gain, foreign currency transaction, before tax | 1,542 | 1,350 | 2,135 | 1,064 | 3,282 | 10,465 | ||
| Interest and debt expense | (5,963) | (10,908) | (3,966) | (5,507) | (5,038) | (5,954) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5,963 | 10,908 | 3,966 | 5,507 | 5,038 | 5,954 | ||
| Loss from continuing operations: | (14,473) | (98,653) | (26,923) | (64,126) | (23,573) | (22,688) | ||
| Loss before gain (loss) on sale of properties: | (14,473) | (98,653) | (26,923) | (64,126) | (23,573) | (22,688) | ||
| Net loss: | (14,473) | (98,653) | (26,923) | (64,126) | (23,573) | (22,688) | ||
| Net income attributable to noncontrolling interest | 403 | 88 | 417 | 179 | 102 | 116 | ||
| Net loss available to common stockholders, diluted: | (14,070) | (98,565) | (26,506) | (63,947) | (23,471) | (22,572) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (14,473) | (98,653) | (26,923) | (64,126) | (23,573) | (22,688) | ||
| Comprehensive loss: | (14,473) | (98,653) | (26,923) | (64,126) | (23,573) | (22,688) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 403 | 88 | 417 | 179 | 102 | 116 | ||
| Comprehensive loss, net of tax, attributable to parent: | (14,070) | (98,565) | (26,506) | (63,947) | (23,471) | (22,572) | ||
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.