Eagle Rock Energy Partners LP (EROC) Financial Statements (2024 and earlier)

Company Profile

Business Address THE WEDGE TOWER
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)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,961154,791269,5737415,62376
Cash and cash equivalents371,3435937415,62376
Short-term investments 72,924153,448268,980   
Receivables32,93139,59633,64834,785165,852145,963
Inventory, net of allowances, customer advances and progress billings     3001,000
Inventory     3001,000
Prepaid expense11,7649,91111,02913,31612,6018,183
Derivative instruments and hedges, assets47,39244,8055,180185,7409,162
Assets held-for-sale1,211,230 
Other current assets165,048249,103319,43048,860189,816163,384
Other undisclosed current assets(165,048)(249,103)(319,430)(48,860)(190,116)(164,384)
Total current assets:165,048249,103319,4301,260,090189,816163,384
Noncurrent Assets
Property, plant and equipment432,291487,988852,127859,8951,838,9251,828,768
Long-term investments and receivables      900
Long-term investments      900
Intangible assets, net (including goodwill)3,0233,0723,1213,170104,149105,620
Intangible assets, net (excluding goodwill)3,0233,0723,1213,170104,149105,620
Derivative instruments and hedges50,00746,4902,067661,4515,461
Regulated entity, other noncurrent assets  5,300   15,400
Other noncurrent assets5,0635,3074,7935,32018,75322,879
Investments and other noncurrent assets57,18412,20510,780126,577135,398
Other undisclosed noncurrent assets1,805(60,169)(9,981)(8,556)(124,353)(150,260)
Total noncurrent assets:492,189545,172864,332870,6751,965,5021,964,166
TOTAL ASSETS:657,237794,2751,183,7622,130,7652,155,3182,127,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47,93259,52555,84283,535245,135200,243
Taxes payable2,2122,2462,019  149
Accounts payable38,14549,22644,08672,460202,693170,124
Accrued liabilities7,5758,0539,73711,07542,44229,970
Debt    439,000  
Derivative instruments and hedges, liabilities   4,06914,46715,33411,023
Restructuring reserve2,168    
Asset retirement obligation2,9233,0002,9002,00012,90013,100
Due to related parties    51 18
Other liabilities47,93259,52559,91298,002260,469211,266
Other undisclosed current liabilities(53,023)(62,525)(62,812)526,679(273,369)(224,384)
Total current liabilities:47,93259,52559,9111,163,734260,469211,266
Noncurrent Liabilities
Long-term debt and lease obligation212,762263,343276,425380,7121,269,4331,252,062
Long-term debt, excluding current maturities212,762263,343276,425380,7121,269,4331,252,062
Liabilities, other than long-term debt81,76680,62281,66793,31790,56988,905
Asset retirement obligations47,57547,90746,78447,24146,26945,849
Deferred tax liabilities, net28,92128,00632,72133,56638,16436,515
Other liabilities5,2704,7094,9434,4995,2582,693
Derivative instruments and hedges, liabilities   (2,781)8,0118783,848
Other undisclosed noncurrent liabilities(212,762)(261,028)(276,426)(380,712)(1,269,433)(1,250,624)
Total noncurrent liabilities:81,76682,93781,66693,31790,56990,343
Total liabilities:129,698142,462141,5771,257,051351,038301,609
Equity
Other undisclosed liabilities and equity527,539651,8131,042,185873,7141,804,2801,825,941
TOTAL LIABILITIES AND EQUITY:657,237794,2751,183,7622,130,7652,155,3182,127,550

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

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
Revenues52,122137,73381,22434,044348,074316,164
Revenue, net29,52240(369)15822,55321,527
Cost of revenue(84,377)(403,556)(42,748)(23,895)(293,245)(390,689)
Cost of goods and services sold     (244,973)(211,361)
Gross profit:(32,255)(265,823)38,47610,14954,829(74,525)
Operating expenses(21,071)(20,221)(22,942)(22,912)(56,062)(77,607)
Operating income (loss):(53,326)(286,044)15,534(12,763)(1,233)(152,132)
Nonoperating income (expense)(5,253)(60,966)811(5,517)(18,283)(17,859)
Investment income, nonoperating42,134188,36427,967(18,081)(31,165)(8,361)
Other nonoperating income (expense)2,1354,2114,0802(7)73
Interest and debt expense(2,318)12,290(3,188)(4,948)(17,986) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2,318(12,290)3,1884,94817,986 
Income (loss) from continuing operations before income taxes:(58,579)(347,010)16,345(18,280)(19,516)(169,991)
Income tax benefit8262,7678868859531,059
Income (loss) from continuing operations:(57,753)(344,243)17,231(17,395)(18,563)(168,932)
Income (loss) before gain (loss) on sale of properties:(58,719)(344,591)266,288(43,041)(18,563)(168,932)
Income (loss) from discontinued operations(966)(348)249,057(25,646)  
Net income (loss) available to common stockholders, diluted:(58,719)(344,591)266,288(43,041)(18,563)(168,932)

Comprehensive Income ($ in thousands)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
Net income (loss):(58,719)(344,591)266,288(43,041)(18,563)(168,932)
Comprehensive income (loss):(58,719)(344,591)266,288(43,041)(18,563)(168,932)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,603)(3,381)3,381   
Comprehensive income (loss), net of tax, attributable to parent:(62,322)(347,972)269,669(43,041)(18,563)(168,932)

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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