QR Energy LP (QRE) Financial Statements (2026 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)
Annual | Quarterly

9/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13,36031,836
Cash and cash equivalent 13,36031,836
Receivables 57,44242,062
Derivative instruments and hedges, assets 27,48545,522
Prepaid expense and other current assets✕✕2,642
Other undisclosed current assets 5,774 
Total current assets: 104,061122,062
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 1,604,9831,464,269
Derivative instruments and hedges 62,13176,621
Other noncurrent assets 44,752✕
Prepaid expense and other noncurrent assets✕✕23,575
Total noncurrent assets: 1,711,8661,564,465
TOTAL ASSETS: 1,815,9271,686,527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Derivative instruments and hedges, liabilities 11,2338,727
Asset retirement obligation 4,3101,426
Other liabilities 79,04546,284
Total current liabilities: 94,58856,437
Noncurrent Liabilities
Long-term debt and lease obligation 911,593766,076
Long-term debt, excluding current maturities 911,593766,076
Liabilities, other than long-term debt 172,287149,348
Asset retirement obligations 151,011125,565
Deferred tax liabilities, net 2,114 
Other liabilities 12,9116,790
Derivative instruments and hedges, liabilities 6,25116,993
Other undisclosed noncurrent liabilities  102
Total noncurrent liabilities: 1,083,880915,526
Total liabilities: 1,178,468971,963
Equity
Equity, attributable to parent 4,674 
Accumulated other comprehensive income 4,674 
Total equity: 4,674 
Other undisclosed liabilities and equity 632,785714,564
TOTAL LIABILITIES AND EQUITY: 1,815,9271,686,527

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2014
TTM
12/31/2013
12/31/2012
Revenues
(Revenue, Net)		 455,629371,998
Cost of revenue
(Cost of Product and Service Sold)		 (174,101)(143,938)
Gross profit: 281,528228,060
Operating expenses (346,726)(301,657)
Other undisclosed operating income 174,101143,938
Operating income: 108,90370,341
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: 13,27537,146
Other undisclosed income from continuing operations before income taxes 48,00043,133
Income from continuing operations before income taxes: 61,27580,279
Income tax expense (benefit) 353(528)
Income from continuing operations: 61,62879,751
Income before gain (loss) on sale of properties: 61,62879,751
Net income: 61,62879,751
Net loss attributable to noncontrolling interest (663) 
Net income available to common stockholders, diluted: 60,96579,751

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2014
TTM
12/31/2013
12/31/2012
Net income: 61,62879,751
Other comprehensive income 4,674 
Comprehensive income: 66,30279,751
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: 63,70979,751

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.

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