Contango Oil & Gas Company (MCF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
717 TEXAS AVENUE HOUSTON, TX 77002 |
| State of Incorp. | TX |
| 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)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,383 | 1,624 | |||||||
| Cash and cash equivalents | 1,383 | 1,624 | |||||||
| Receivables | 37,862 | 39,567 | 11,531 | 13,059 | 16,727 | 20,504 | |||
| Inventory, net of allowances, customer advances and progress billings | 442 | 150 | 540 | 540 | |||||
| Inventory | 442 | 150 | 540 | 540 | |||||
| Prepaid expense | 3,360 | 1,191 | 1,303 | 1,892 | 1,787 | 1,228 | |||
| Derivative instruments and hedges, assets | 2,996 | 3,819 | 4,600 | 822 | |||||
| Other current assets | 763 | 36 | |||||||
| Total current assets: | 46,806 | 46,387 | 17,434 | 15,773 | 19,054 | 22,272 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 101,903 | 291,120 | 233,174 | 345,957 | 379,205 | ||||
| Other noncurrent assets | 21,558 | 16,319 | 6,524 | 19,723 | 17,078 | 15,279 | |||
| Other undisclosed noncurrent assets | 340,382 | ||||||||
| Total noncurrent assets: | 123,461 | 307,439 | 239,698 | 365,680 | 357,460 | 394,484 | |||
| TOTAL ASSETS: | 170,267 | 353,826 | 257,132 | 381,453 | 376,514 | 416,756 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 83,970 | 104,593 | 39,506 | 46,755 | 55,135 | 36,358 | |||
| Accounts payable | 14,273 | 14,086 | 3,385 | 9,559 | 5,406 | 8,053 | |||
| Other undisclosed accounts payable and accrued liabilities | 69,697 | 90,507 | 36,121 | 37,196 | 49,729 | 28,305 | |||
| Debt | 60,000 | ||||||||
| Derivative instruments and hedges, liabilities | 1,317 | 3,951 | 422 | 1,765 | 3,446 | ||||
| Asset retirement obligation | 4,249 | 2,003 | 1,329 | 2,017 | 4,308 | 4,603 | |||
| Total current liabilities: | 89,536 | 110,547 | 101,257 | 50,537 | 62,889 | 40,961 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 14,993 | 75,557 | 85,380 | 54,354 | 115,446 | ||||
| Long-term debt, excluding current maturities | 12,369 | 72,768 | 85,380 | 54,354 | 115,446 | ||||
| Finance lease, liability | 2,102 | 1,051 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 50,171 | 51,682 | 15,486 | 20,936 | 22,866 | 22,506 | |||
| Asset retirement obligations | 48,523 | 49,662 | 12,168 | 20,388 | 22,618 | 22,506 | |||
| Other liabilities | 3,318 | 248 | 248 | ||||||
| Operating lease, liability | 522 | 1,738 | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 1,648 | 2,020 | 300 | ||||||
| Total noncurrent liabilities: | 65,164 | 127,239 | 15,486 | 106,316 | 77,220 | 137,952 | |||
| Total liabilities: | 154,700 | 237,786 | 116,743 | 156,853 | 140,109 | 178,913 | |||
| Equity | |||||||||
| Equity, attributable to parent | 15,567 | 116,040 | 140,389 | 224,600 | 236,405 | 237,843 | |||
| Preferred stock | 108 | ||||||||
| Common stock | 6,941 | 5,148 | 1,573 | 1,223 | 1,211 | 974 | |||
| Treasury stock, value | (248) | (18) | (129,030) | (128,583) | (128,321) | (127,760) | |||
| Additional paid in capital | 535,192 | 471,778 | 339,981 | 302,527 | 296,439 | 239,524 | |||
| Retained earnings (accumulated deficit) | (526,318) | (360,976) | (72,135) | 49,433 | 67,076 | 125,105 | |||
| Total equity: | 15,567 | 116,040 | 140,389 | 224,600 | 236,405 | 237,843 | |||
| TOTAL LIABILITIES AND EQUITY: | 170,267 | 353,826 | 257,132 | 381,453 | 376,514 | 416,756 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 112,920 | 76,512 | 77,087 | 78,545 | 78,183 | 116,505 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 78,545 | 78,183 | 116,505 | |
| Cost of revenue | (168,802) | (128,290) | (103,732) | (2,395) | (10,572) | (285,877) | ||
| Gross profit: | (55,882) | (51,778) | (26,645) | 76,150 | 67,611 | (169,372) | ||
| Operating expenses | (139,413) | (98,953) | (93,003) | (99,665) | (121,052) | (209,601) | ||
| Operating loss: | (195,295) | (150,731) | (119,648) | (23,515) | (53,441) | (378,973) | ||
| Nonoperating income (expense) | 30,700 | (8,845) | (1,800) | 5,477 | (4,246) | (31,301) | ||
| Other nonoperating income (expense) | 3,609 | 1,848 | 1,306 | 3,555 | (357) | 97 | ||
| Interest and debt expense | (5,022) | (8,596) | (5,548) | (4,100) | (3,802) | (3,164) | ||
| Loss from continuing operations before equity method investments, income taxes: | (169,617) | (168,172) | (126,996) | (22,138) | (61,489) | (413,438) | ||
| Other undisclosed income from continuing operations before income taxes | 5,022 | 8,596 | 5,548 | 4,100 | 3,802 | 3,164 | ||
| Loss from continuing operations before income taxes: | (164,595) | (159,576) | (121,448) | (18,038) | (57,687) | (410,274) | ||
| Income tax expense (benefit) | (747) | (220) | (120) | 395 | (342) | 75,226 | ||
| Loss from continuing operations: | (165,342) | (159,796) | (121,568) | (17,643) | (58,029) | (335,048) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (165,342) | (159,796) | (121,568) | (17,643) | (58,029) | (335,048) | |
| Net loss available to common stockholders, diluted: | (165,342) | (159,796) | (121,568) | (17,643) | (58,029) | (335,048) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (165,342) | (159,796) | (121,568) | (17,643) | (58,029) | (335,048) | ||
| Comprehensive loss, net of tax, attributable to parent: | (165,342) | (159,796) | (121,568) | (17,643) | (58,029) | (335,048) | ||
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.