Sanchez Energy Corp (SNEC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1000 MAIN STREET HOUSTON, TX 77002 |
| 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)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 197,613 | 184,434 | 501,917 | 435,048 | 473,714 | 153,531 | |||
| Cash and cash equivalent | 197,613 | 184,434 | 501,917 | 435,048 | 473,714 | 153,531 | |||
| Receivables | 126,584 | 128,456 | 47,954 | 35,624 | 84,857 | 51,960 | |||
| Deferred costs | (14,700) | (7,200) | |||||||
| Derivative instruments and hedges, assets | 15,714 | 16,430 | 172,494 | 100,181 | |||||
| Other current assets | 33,070 | 21,478 | 12,934 | 23,452 | 23,002 | 1,386 | |||
| Other undisclosed current assets | 14,700 | 7,200 | 12,685 | ||||||
| Total current assets: | 372,981 | 350,798 | 562,805 | 666,618 | 681,754 | 219,562 | |||
| Noncurrent Assets | |||||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 2,359,125 | 2,027,459 | 658,588 | 756,103 | 2,261,678 | 1,385,488 | |||
| Long-term investments and receivables | 16,664 | 38,462 | |||||||
| Long-term investments | 16,664 | 38,462 | |||||||
| Derivative instruments and hedges | 12,102 | 1,428 | 5,789 | 24,024 | 1,304 | ||||
| Deferred costs | 41,039 | 48,168 | 19,806 | ||||||
| Other noncurrent assets | 59,088 | 52,488 | 25,231 | 22,809 | 19,101 | 2,993 | |||
| Other undisclosed noncurrent assets | 39,656 | 49,985 | 40,685 | ||||||
| Total noncurrent assets: | 2,446,979 | 2,119,837 | 723,475 | 875,725 | 2,393,656 | 1,409,591 | |||
| TOTAL ASSETS: | 2,819,960 | 2,470,635 | 1,286,280 | 1,542,343 | 3,075,410 | 1,629,153 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 271,708 | 267,098 | 120,939 | 128,145 | 301,533 | 102,455 | |||
| Interest and dividends payable | 37,743 | ||||||||
| Accounts payable | 107,010 | 96,964 | 3,327 | 6,188 | 33,902 | ||||
| Accrued liabilities | 164,698 | 170,134 | 117,612 | 121,957 | 229,888 | 102,455 | |||
| Debt | 304 | 23,996 | |||||||
| Derivative instruments and hedges, liabilities | 706 | 56,190 | 31,778 | 5,600 | |||||
| Other liabilities | 75,581 | 115,244 | 22,201 | 14,813 | 5,166 | ||||
| Deferred tax liabilities | ✕ | 33,242 | |||||||
| Other undisclosed current liabilities | 2,079 | 24,548 | (37,743) | 50,564 | |||||
| Total current liabilities: | 348,299 | 462,528 | 176,997 | 167,506 | 302,198 | 158,619 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 67,948 | 119,052 | 92,656 | 84,040 | 27,362 | 4,208 | |||
| Asset retirement obligations | 46,175 | 36,098 | 25,087 | 25,907 | 25,694 | 4,130 | |||
| Other liabilities | 21,407 | 65,480 | 64,333 | 58,133 | 779 | ||||
| Derivative instruments and hedges, liabilities | 366 | 17,474 | 3,236 | 889 | 78 | ||||
| Other undisclosed noncurrent liabilities | 2,395,408 | 1,930,683 | 1,712,767 | 1,746,966 | 1,746,263 | 609,017 | |||
| Total noncurrent liabilities: | 2,463,356 | 2,049,735 | 1,805,423 | 1,831,006 | 1,773,625 | 613,225 | |||
| Total liabilities: | 2,811,655 | 2,512,263 | 1,982,420 | 1,998,512 | 2,075,823 | 771,844 | |||
| Temporary equity, including noncontrolling interest | 452,828 | 427,512 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | (444,523) | (469,140) | (696,140) | (456,169) | 999,587 | 857,309 | |||
| Preferred stock | 53 | 53 | 53 | 53 | 53 | 75 | |||
| Common stock | 881 | 845 | 670 | 619 | 586 | 464 | |||
| Additional paid in capital | 1,367,427 | 1,362,118 | 1,112,397 | 1,079,513 | 1,064,667 | 867,108 | |||
| Accumulated deficit | (1,812,884) | (1,832,156) | (1,809,260) | (1,536,354) | (65,719) | (10,338) | |||
| Total equity: | (444,523) | (469,140) | (696,140) | (456,169) | 999,587 | 857,309 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,819,960 | 2,470,635 | 1,286,280 | 1,542,343 | 3,075,410 | 1,629,153 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,056,914 | 740,331 | 431,326 | 475,779 | 803,269 | 314,420 | ||
| Revenue, net | ✕ | ✕ | 740,331 | 431,326 | 475,779 | 666,064 | 314,420 | |
| Financial services revenue | ✕ | ✕ | 137,205 | |||||
| Cost of revenue | (645,661) | (458,154) | (343,960) | (527,970) | (470,726) | (181,144) | ||
| Cost of product and service sold | (305,515) | (244,461) | (164,567) | (156,528) | (93,581) | (35,669) | ||
| Gross profit: | 411,253 | 282,177 | 87,366 | (52,191) | 332,543 | 133,276 | ||
| Operating expenses | (118,312) | (189,730) | (279,127) | (1,439,160) | (276,252) | (54,655) | ||
| Other undisclosed operating loss | (137,205) | |||||||
| Operating income (loss): | 292,941 | 92,447 | (191,761) | (1,491,351) | (80,914) | 78,621 | ||
| Nonoperating income (expense) | (3,650) | 11,938 | 990 | 44,324 | 47,694 | (47,737) | ||
| Investment income, nonoperating | 4,351 | 836 | 856 | |||||
| Other nonoperating income (expense) | (8,001) | 11,102 | 134 | |||||
| Interest and debt expense | (177,858) | (140,163) | (126,973) | (126,399) | (89,800) | (30,934) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 126,399 | 89,800 | 30,934 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 111,433 | (35,778) | (317,744) | (1,447,027) | (33,220) | 30,884 | ||
| Income from equity method investments | 779 | 3,466 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (26,228) | 75,855 | 59,145 | |||||
| Income (loss) from continuing operations before income taxes: | 85,205 | 40,856 | (255,133) | (1,447,027) | (33,220) | 30,884 | ||
| Income tax expense (benefit) | 2,336 | (1,825) | (7,600) | 11,429 | (3,986) | |||
| Income (loss) from continuing operations: | 85,205 | 43,192 | (256,958) | (1,454,627) | (21,791) | 26,898 | ||
| Income (loss) before gain (loss) on sale of properties: | 85,205 | 43,192 | (256,958) | (1,454,627) | (21,791) | 26,898 | ||
| Net income (loss): | 85,205 | 43,192 | (256,958) | (1,454,627) | (21,791) | 26,898 | ||
| Net loss attributable to noncontrolling interest | (364) | |||||||
| Other undisclosed net income attributable to parent | 364 | |||||||
| Net income (loss) attributable to parent: | 85,205 | 43,192 | (256,958) | (1,454,627) | (21,791) | 26,898 | ||
| Preferred stock dividends and other adjustments | (72,724) | (62,298) | (16,008) | |||||
| Other undisclosed net loss available to common stockholders, basic | (15,948) | (15,948) | (15,948) | (33,590) | (18,889) | |||
| Net income (loss) available to common stockholders, diluted: | (3,467) | (35,054) | (272,906) | (1,470,635) | (55,381) | 8,009 | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 85,205 | 43,192 | (256,958) | (1,454,627) | (21,791) | 26,898 | ||
| Other comprehensive loss | (21,318) | |||||||
| Comprehensive income (loss): | 63,887 | 43,192 | (256,958) | (1,454,627) | (21,791) | 26,898 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 364 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 63,887 | 43,192 | (256,958) | (1,454,627) | (21,791) | 27,262 | ||
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.