Mid-Con Energy Partners, LP (MCEP) Financial Statements (2024 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
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments987213255467525185
Cash and cash equivalents987213255467525185
Receivables4,0264,7806,8535,2436,4385,035
Prepaid expense26120287237393 
Derivative instruments and hedges, assets8,92415,731 2,133  
Asset, held-for-sale, not part of disposal group   365430430430
Other undisclosed current assets      666
Total current assets:14,19820,9267,5608,5107,7866,316
Noncurrent Assets
Oil and gas property, successful effort method173,600176,504193,459191,908189,900190,601
Derivative instruments and hedges3,3206,2257303,630955 
Other noncurrent assets1,9328701,0209951,1861,385
Total noncurrent assets:178,852183,599195,209196,533192,041191,986
TOTAL ASSETS:193,050204,525202,769205,043199,827198,302
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6178171,1156361,3251,394
Accounts payable1,018630320187693804
Accrued liabilities2,599187795449632590
Debt73,25074,000    
Derivative instruments and hedges, liabilities   1,944 1,0862,928
Due to related parties2,0291,9146,9025,6783,3201,176
Other liabilities446438430422415408
Total current liabilities:79,34277,16910,3916,7366,1465,906
Noncurrent Liabilities
Long-term debt and lease obligation23034468,45765,56766,00068,000
Long-term debt, excluding current maturities   68,00065,00066,00068,000
Liabilities, other than long-term debt31,96431,64030,72231,10130,75731,891
Asset retirement obligations31,73431,29630,26530,53430,08229,780
Other liabilities230344457567675782
Operating lease, liability230344457567  
Derivative instruments and hedges, liabilities      1,329
Total noncurrent liabilities:32,19431,98499,17996,66896,75799,891
Total liabilities:111,536109,153109,570103,404102,903105,797
Equity
Other undisclosed liabilities and equity81,51495,37293,199101,63996,92492,505
TOTAL LIABILITIES AND EQUITY:193,050204,525202,769205,043199,827198,302

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues1,29238,4559,80621,75220,9253,018
Cost of revenue(7,375)(12,044)(13,201)(12,308)(11,648)(20,679)
Gross profit:(6,083)26,411(3,395)9,4449,277(17,661)
Operating expenses(4,674)(22,367)(3,249)(2,420)(3,163)6,006
Other undisclosed operating income (loss)   (21) 2239,469
Operating income (loss):(10,757)4,044(6,665)7,0246,337(2,186)
Nonoperating expense(1,168)(1,261)(1,204)(1,063)(1,240)(1,602)
Interest and debt expense(1,094)(1,274)(1,147)(1,175)(1,229)(1,615)
Income (loss) from continuing operations:(13,019)1,509(9,016)4,7863,868(5,403)
Income (loss) before gain (loss) on sale of properties:(13,019)1,509(9,016)4,7863,868(5,403)
Other undisclosed net income  1,2741,147  1,615
Net income (loss):(13,019)2,783(7,869)4,7863,868(3,788)
Other undisclosed net income attributable to parent1,094  1,1751,229 
Net income (loss) attributable to parent:(11,925)2,783(7,869)5,9615,097(3,788)
Preferred stock dividends and other adjustments  (1,172)(1,171)(1,166)(1,157)(1,149)
Net income (loss) available to common stockholders, diluted:(11,925)1,611(9,040)4,7953,940(4,937)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):(13,019)2,783(7,869)4,7863,868(3,788)
Comprehensive income (loss), net of tax, attributable to parent:(13,019)2,783(7,869)4,7863,868(3,788)

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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