QR Energy LP (QRE) financial statements (2021 and earlier)

Company profile

Business Address 1401 MCKINNEY STREET
HOUSTON, TX 77010
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1662313262016
Cash and cash equivalents1662313262016
Receivables51565857595254
Derivative instruments and hedges, assets34152027304130
Prepaid expense and other current assets0
Other undisclosed current assets3956533
Total current assets:10586106104120115102
Noncurrent Assets
Property, plant and equipment1,7031,6671,6451,6051,5761,4621,455
Derivative instruments and hedges30144962639069
Other noncurrent assets585840454028 
Prepaid expense and other noncurrent assets23
Total noncurrent assets:1,7901,7401,7341,7121,6791,5811,546
TOTAL ASSETS:1,8951,8261,8391,8161,7991,6961,648
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Derivative instruments and hedges, liabilities726141115812
Asset retirement obligation5444221
Due to related parties1    1 
Other liabilities88797979656550
Total current liabilities:1011099795827663
Noncurrent Liabilities
Long-term debt and lease obligation1,0521,012975912896776766
Long-term debt, excluding current maturities1,0521,012975912896776766
Liabilities, other than long-term debt, including:135154147172169142148
Asset retirement obligations160156154151141129127
Deferred tax liabilities, net2222   
Other liabilities101212131977
Derivative instruments and hedges, liabilities519669714
Other undisclosed liabilities, other than long-term debt(42)(36)(27)    
Other undisclosed noncurrent liabilities177190174    
Total noncurrent liabilities:1,3641,3561,2961,0841,065918914
Total liabilities:1,4651,4651,3931,1781,147994977
Stockholders' equity
Stockholders' equity attributable to parent55550  
Accumulated other comprehensive income55550  
Total stockholders' equity:55550  
Other undisclosed liabilities and equity425356442633651702671
TOTAL LIABILITIES AND EQUITY:1,8951,8261,8391,8161,7991,6961,648

Income statement (P&L) ($ in millions)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues
(Revenue, Net)
130133123119126105105
Cost of revenue
(Cost of Goods and Services Sold)
(52)(50)(47)(44)(44)(42)(43)
Gross profit:78837675826362
Operating expenses(105)(97)(96)(91)(89)(81)(86)
Other undisclosed operating income52504744444243
Operating income:25362628372419
Nonoperating income (expense)78(87)(41)(1)(59)39(27)
Investment income, nonoperating70(66)(24)13(49)50(16)
Other nonoperating income00001  
Interest and debt expense(12)(14)(12)(12)(15)(10)(11)
Income (loss) from continuing operations before equity method investments, income taxes:91(65)(27)15(36)53(19)
Other undisclosed income from continuing operations before income taxes12141212151011
Income (loss) from continuing operations before income taxes:103(51)(14)27(21)64(8)
Income tax expense (benefit)(0)(0)(0)0(0)(0)(0)
Net income (loss):102(51)(14)28(21)64(8)
Net income (loss) attributable to noncontrolling interest(0)(0)0(1)0  
Other undisclosed net income (loss) attributable to parent  (0)0(0)  
Net income (loss) available to common stockholders, diluted:102(51)(15)27(22)64(8)

Comprehensive Income ($ in millions)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net income (loss):102(51)(14)28(21)64(8)
Other comprehensive income (loss)(0)0040  
Comprehensive income (loss):102(51)(14)32(21)64(8)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(0)3(0)  
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)  (5)   
Comprehensive income (loss), net of tax, attributable to parent:102(51)(15)30(22)64(8)

Statements sources

The financial statements are based on the company's filings with the 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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