Mid-Con Energy Partners, LP (MCEP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2431 E. 61ST STREET TULSA, OK 74136 |
| 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)
| 9/30/2020 MRQ | 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 | 255 | 467 | 1,832 | 2,359 | 615 | 3,232 | |||
| Cash and cash equivalents | 255 | 467 | 1,832 | 2,359 | 615 | 3,232 | |||
| Receivables | 6,853 | 3,691 | 5,262 | 5,302 | 4,551 | 8,051 | |||
| Prepaid expense | 87 | ||||||||
| Derivative instruments and hedges, assets | 5,666 | 24,419 | 26,202 | ||||||
| Asset, held-for-sale, not part of disposal group | 365 | 430 | 2,058 | ✕ | |||||
| Other undisclosed current assets | 621 | 269 | 895 | 5,632 | 4,722 | ||||
| Total current assets: | 7,560 | 10,875 | 9,421 | 8,556 | 35,217 | 42,207 | |||
| Noncurrent Assets | |||||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 193,459 | 206,848 | 207,491 | 265,217 | 286,908 | 407,295 | |||
| Derivative instruments and hedges | 730 | 2,418 | 1,144 | 842 | |||||
| Other noncurrent assets | 1,020 | 1,563 | 2,451 | 2,513 | 3,817 | 4,284 | |||
| Total noncurrent assets: | 195,209 | 210,829 | 209,942 | 267,730 | 291,869 | 412,421 | |||
| TOTAL ASSETS: | 202,769 | 221,704 | 219,363 | 276,286 | 327,086 | 454,628 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,115 | 2,165 | 1,196 | 2,700 | 3,350 | 4,027 | |||
| Accounts payable | 320 | 141 | 593 | 2,554 | 3,185 | 3,630 | |||
| Accrued liabilities | 795 | 2,024 | 603 | 146 | 165 | 397 | |||
| Debt | 30,000 | ||||||||
| Derivative instruments and hedges, liabilities | 1,944 | 4,252 | 5,314 | ||||||
| Other liabilities | 430 | ||||||||
| Due to related parties | 6,902 | 3,732 | 1,631 | 1,133 | 559 | 3,989 | |||
| Other undisclosed current liabilities | 77 | ||||||||
| Total current liabilities: | 10,391 | 5,897 | 7,156 | 9,147 | 33,909 | 8,016 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 68,457 | 93,000 | 99,000 | 122,000 | 150,000 | 205,000 | |||
| Long-term debt, excluding current maturities | 68,000 | 93,000 | 99,000 | 122,000 | 150,000 | 205,000 | |||
| Liabilities, other than long-term debt | 30,722 | 26,048 | 10,985 | 13,919 | 12,679 | 7,470 | |||
| Asset retirement obligations | 30,265 | 26,001 | 10,249 | 11,331 | 12,679 | 7,363 | |||
| Other liabilities | 457 | 47 | 70 | 93 | 107 | ||||
| Operating lease, liability | 457 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 666 | 2,495 | |||||||
| Total noncurrent liabilities: | 99,179 | 119,048 | 109,985 | 135,919 | 162,679 | 212,470 | |||
| Total liabilities: | 109,570 | 124,945 | 117,141 | 145,066 | 196,588 | 220,486 | |||
| Equity | |||||||||
| Other undisclosed liabilities and equity | 93,199 | 96,759 | 102,222 | 131,220 | 130,498 | 234,142 | |||
| TOTAL LIABILITIES AND EQUITY: | 202,769 | 221,704 | 219,363 | 276,286 | 327,086 | 454,628 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 55,501 | 72,788 | 56,984 | 43,896 | 96,280 | 126,272 | ||
| Cost of revenue | (57,713) | (44,874) | (38,994) | (52,237) | (71,252) | (54,293) | ||
| Cost of goods and services sold | (21,614) | (22,692) | (33,591) | (26,091) | ||||
| Gross profit: | (2,212) | 27,914 | 17,990 | (8,341) | 25,028 | 71,979 | ||
| Operating expenses | (2,949) | (39,646) | (34,935) | (8,362) | (113,781) | (44,769) | ||
| Other undisclosed operating income (loss) | 9,671 | (509) | (3,950) | (560) | ||||
| Operating income (loss): | 4,510 | (12,241) | (20,895) | (17,263) | (88,753) | 27,210 | ||
| Nonoperating expense | (5,109) | (6,012) | (6,438) | (7,551) | (6,742) | (4,718) | ||
| Investment income, nonoperating | 22,366 | 29,361 | ||||||
| Interest and debt expense | (5,166) | (6,010) | (6,472) | (7,487) | (7,258) | (4,731) | ||
| Income (loss) from continuing operations: | (5,765) | (24,263) | (33,805) | (32,301) | (102,753) | 17,761 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (5,765) | (24,263) | (33,805) | (32,301) | (102,753) | 17,761 | |
| Other undisclosed net income | 5,166 | 6,010 | ||||||
| Net income (loss): | (599) | (18,253) | (33,805) | (32,301) | (102,753) | 17,761 | ||
| Other undisclosed net income attributable to parent | 6,472 | 7,487 | 7,258 | 4,731 | ||||
| Net income (loss) attributable to parent: | (599) | (18,253) | (27,333) | (24,814) | (95,495) | 22,492 | ||
| Preferred stock dividends and other adjustments | (4,643) | (4,456) | (3,063) | (1,249) | ||||
| Net income (loss) available to common stockholders, diluted: | (5,242) | (22,709) | (30,396) | (26,063) | (95,495) | 22,492 | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (599) | (18,253) | (33,805) | (32,301) | (102,753) | 17,761 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (599) | (18,253) | (33,805) | (32,301) | (102,753) | 17,761 | ||
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.