QR Energy LP (QRE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1401 MCKINNEY STREET HOUSTON, TX 77010 |
| 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)
| 9/30/2014 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 13,360 | 31,836 | |||
| Cash and cash equivalents | 13,360 | 31,836 | |||
| Receivables | 57,442 | 42,062 | |||
| Derivative instruments and hedges, assets | 27,485 | 45,522 | |||
| Prepaid expense and other current assets | ✕ | ✕ | 2,642 | ||
| Other undisclosed current assets | 5,774 | ||||
| Total current assets: | 104,061 | 122,062 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 1,604,983 | 1,464,269 | |||
| Derivative instruments and hedges | 62,131 | 76,621 | |||
| Other noncurrent assets | 44,752 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 23,575 | ||
| Total noncurrent assets: | 1,711,866 | 1,564,465 | |||
| TOTAL ASSETS: | 1,815,927 | 1,686,527 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Derivative instruments and hedges, liabilities | 11,233 | 8,727 | |||
| Asset retirement obligation | 4,310 | 1,426 | |||
| Other liabilities | 79,045 | 46,284 | |||
| Total current liabilities: | 94,588 | 56,437 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 911,593 | 766,076 | |||
| Long-term debt, excluding current maturities | 911,593 | 766,076 | |||
| Liabilities, other than long-term debt | 172,287 | 149,348 | |||
| Asset retirement obligations | 151,011 | 125,565 | |||
| Deferred tax liabilities, net | 2,114 | ||||
| Other liabilities | 12,911 | 6,790 | |||
| Derivative instruments and hedges, liabilities | 6,251 | 16,993 | |||
| Other undisclosed noncurrent liabilities | 102 | ||||
| Total noncurrent liabilities: | 1,083,880 | 915,526 | |||
| Total liabilities: | 1,178,468 | 971,963 | |||
| Equity | |||||
| Equity, attributable to parent | 4,674 | ||||
| Accumulated other comprehensive income | 4,674 | ||||
| Total equity: | 4,674 | ||||
| Other undisclosed liabilities and equity | 632,785 | 714,564 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,815,927 | 1,686,527 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 455,629 | 371,998 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (174,101) | (143,938) | ||
| Gross profit: | 281,528 | 228,060 | ||
| Operating expenses | (346,726) | (301,657) | ||
| Other undisclosed operating income | 174,101 | 143,938 | ||
| Operating income: | 108,903 | 70,341 | ||
| Nonoperating income (expense) | (47,628) | 9,938 | ||
| Investment income, nonoperating | (1,217) | 42,850 | ||
| Interest and debt expense | (48,000) | (43,133) | ||
| Income from continuing operations before equity method investments, income taxes: | 13,275 | 37,146 | ||
| Other undisclosed income from continuing operations before income taxes | 48,000 | 43,133 | ||
| Income from continuing operations before income taxes: | 61,275 | 80,279 | ||
| Income tax expense (benefit) | 353 | (528) | ||
| Income from continuing operations: | 61,628 | 79,751 | ||
| Income before gain (loss) on sale of properties: | 61,628 | 79,751 | ||
| Net income: | 61,628 | 79,751 | ||
| Net loss attributable to noncontrolling interest | (663) | |||
| Net income available to common stockholders, diluted: | 60,965 | 79,751 | ||
Comprehensive Income ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net income: | 61,628 | 79,751 | ||
| Other comprehensive income | 4,674 | |||
| Comprehensive income: | 66,302 | 79,751 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2,593 | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (5,186) | |||
| Comprehensive income, net of tax, attributable to parent: | 63,709 | 79,751 | ||
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.