Evolve Transition Infrastructure LP (SNMP) Financial Statements (2024 and earlier)

Company Profile

Business Address 1360 POST OAK BLVD
HOUSTON, TX 77056
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7851,6751,7185,0992,934321
Cash and cash equivalents2,7851,6751,7185,0992,934321
Receivables2,41519,4666,6706,8526,97713,594
Prepaid expense3716295951,1939312,670
Derivative instruments and hedges, assets    2263,044942
Other undisclosed current assets1,122664    
Total current assets:6,69322,4348,98313,37013,88617,527
Noncurrent Assets
Operating lease, right-of-use asset5,8991,428  
Property, plant and equipment   122,895155,228198,334213,145
Intangible assets, net (including goodwill)106,752118,329131,786145,246158,706172,166
Intangible assets, net (excluding goodwill)106,752118,329131,786145,246158,706172,166
Derivative instruments and hedges     8761,318
Other noncurrent assets7575129285418552
Other undisclosed noncurrent assets112,255118,43389,635100,311114,465123,715
Total noncurrent assets:224,981238,265344,445401,070472,799510,896
TOTAL ASSETS:231,674260,699353,428414,440486,685528,423
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,6753,2254,4205,3474,6781,782
Accrued liabilities 359359359359359371
Other undisclosed accounts payable and accrued liabilities4,3162,8664,0614,9884,3191,411
Debt 19,7938,841110,23339,374  
Derivative instruments and hedges, liabilities    9856756
Disposal group, including discontinued operation 7979    
Other liabilities    125151
Due to related parties 12,86925,737 5,60010,400
Other undisclosed current liabilities414,363398,137345,564990400324
Total current liabilities:438,910423,151485,95446,69610,80913,413
Noncurrent Liabilities
Long-term debt and lease obligation 40,270 109,437178,582187,808
Long-term debt, excluding current maturities 39,488 109,437178,582187,808
Liabilities, other than long-term debt14,87322,39821,01812,41912,05712,598
Asset retirement obligations5,1214,7007,4656,8986,2006,074
Due to related parties3,83910,21512,1374,892  
Other liabilities3,1407,4831,4166295,8576,251
Operating lease, liability2,773782  
Derivative instruments and hedges, liabilities      273
Other undisclosed noncurrent liabilities   281,688  
Total noncurrent liabilities:14,87362,66821,018403,544190,639200,406
Total liabilities:453,783485,819506,972450,240201,448213,819
Temporary equity, carrying amount     349,857343,912
Equity
Equity, attributable to parent      
Warrants and rights outstanding      
Other undisclosed equity(222,109)(225,120)(153,544)(35,800)(64,620)(29,308)
Total equity:(222,109)(225,120)(153,544)(35,800)(64,620)(29,308)
TOTAL LIABILITIES AND EQUITY:231,674260,699353,428414,440486,685528,423

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues36,10951,48256,99376,64983,61092,299
Operating leases, income statement, lease revenue53,025
Revenue, net88,149
Operating lease, lease income36,10951,48244,671 
Cost of revenue(16,448)(30,015)(27,297)(32,250)(35,749)(50,782)
Cost of goods and services sold      (24,671)
Gross profit:19,66121,46729,69644,39947,86141,517
Operating expenses(22,856)(10,490)(57,112)(64,241)(34,424)(37,534)
Operating income (loss):(3,195)10,977(27,416)(19,842)13,4373,983
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(719)643715,860546(2,417)
Interest and debt expense(55,230)(112,969)(95,871)(39,789)(10,961)(8,341)
Income (loss) from continuing operations before equity method investments, income taxes:(59,144)(101,349)(123,216)(53,771)3,022(6,775)
Income (loss) from equity method investments6,139(54,073)4,4792,83112,8597,885
Other undisclosed loss from continuing operations before income taxes     (4,150)
Income (loss) from continuing operations before income taxes:(53,005)(155,422)(118,737)(50,940)15,881(3,040)
Income tax expense (benefit)(132)5(24)(202)(190) 
Income (loss) from continuing operations:(53,137)(155,417)(118,761)(51,142)15,691(3,040)
Income (loss) before gain (loss) on sale of properties:(154,539)(118,761)(51,142)15,691(3,040)
Income from discontinued operations  878    
Net income (loss) attributable to parent:(53,137)(154,539)(118,761)(51,142)15,691(3,040)
Preferred stock dividends and other adjustments    (14,409)(3,500)(2,625)
Other undisclosed net income (loss) available to common stockholders, basic    93,227(35,783)(35,046)
Net income (loss) available to common stockholders, basic:(53,137)(154,539)(118,761)27,676(23,592)(40,711)
Other undisclosed net loss available to common stockholders, diluted    (3,244)  
Net income (loss) available to common stockholders, diluted:(53,137)(154,539)(118,761)24,432(23,592)(40,711)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(53,137)(154,539)(118,761)(51,142)15,691(3,040)
Comprehensive income (loss), net of tax, attributable to parent:(53,137)(154,539)(118,761)(51,142)15,691(3,040)

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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