Trans Energy Inc (TENG) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
210 SECOND ST ST MARYS, WV 26170 |
| State of Incorp. | NV |
| 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)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 235 | 1,586 | 2,728 | 1,009 | |||
| Cash and cash equivalent | 235 | 1,586 | 2,728 | 1,009 | |||
| Receivables | 1,730 | 4,267 | 4,461 | 3,144 | |||
| Prepaid expense | 643 | 767 | 1,065 | ✕ | |||
| Deferred costs | 3,550 | 1,052 | 818 | 604 | |||
| Derivative instruments and hedges, assets | 3,418 | 5,420 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 408 | ||
| Other undisclosed current assets | 808 | 68 | 35 | 240 | |||
| Total current assets: | 10,383 | 13,160 | 9,107 | 5,404 | |||
| Noncurrent Assets | |||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 427 | 505 | 587 | 666 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 69,778 | 77,450 | 79,978 | 52,318 | |||
| Derivative instruments and hedges | 2,810 | ||||||
| Disposal group, including discontinued operation, noncurrent assets | 14,301 | ✕ | ✕ | ||||
| Other noncurrent assets | 16,275 | 20,655 | 304 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 302 | ||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | 3,999 | |||
| Other undisclosed noncurrent assets | (17,111) | 139 | (53,234) | ||||
| Total noncurrent assets: | 86,480 | 98,610 | 81,009 | 4,051 | |||
| Other undisclosed assets | 52,984 | ||||||
| TOTAL ASSETS: | 96,863 | 111,769 | 90,115 | 62,438 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 3,285 | 7,987 | 5,303 | 1,643 | |||
| Accounts payable | 1,330 | 557 | |||||
| Accrued liabilities | 1,954 | 7,430 | 5,303 | 1,643 | |||
| Debt | 121,063 | 4 | 15 | 20 | |||
| Derivative instruments and hedges, liabilities | 475 | 58 | |||||
| Accrued environmental loss contingencies | 2,000 | 3,600 | |||||
| Due to related parties | 2 | 2 | |||||
| Other undisclosed current liabilities | 548 | 5,778 | 3,665 | 1,254 | |||
| Total current liabilities: | 127,372 | 17,371 | 9,041 | 2,916 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 2,134 | 109,540 | 89,204 | 48,226 | |||
| Long-term debt, excluding current maturities | 2,134 | 109,540 | 89,204 | 48,226 | |||
| Liabilities, other than long-term debt | 4,293 | 3,807 | 109 | 28 | |||
| Asset retirement obligations | 40 | 91 | 41 | 28 | |||
| Accrued environmental loss contingencies | 3,000 | 3,000 | |||||
| Derivative instruments and hedges, liabilities | 1,253 | 716 | 68 | ||||
| Other undisclosed noncurrent liabilities | 63 | 63 | 3,196 | ||||
| Total noncurrent liabilities: | 6,489 | 113,410 | 89,313 | 51,450 | |||
| Total liabilities: | 133,861 | 130,780 | 98,354 | 54,367 | |||
| Equity | |||||||
| Equity, attributable to parent | (36,998) | (19,011) | (8,239) | 8,072 | |||
| Common stock | 15 | 15 | 13 | 13 | |||
| Treasury stock, value | (2) | (2) | (2) | (2) | |||
| Additional paid in capital | 45,965 | 44,323 | 42,556 | 41,132 | |||
| Accumulated deficit | (82,976) | (63,347) | (50,807) | (33,071) | |||
| Total equity: | (36,998) | (19,011) | (8,239) | 8,072 | |||
| TOTAL LIABILITIES AND EQUITY: | 96,863 | 111,769 | 90,115 | 62,438 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 12,442 | 28,259 | 18,398 | 11,755 | ||
| Revenue, net | 12,442 | 27,310 | 18,398 | 11,755 | ||
| Cost of revenue | (11,609) | (29,744) | (22,078) | (12,108) | ||
| Cost of product and service sold | (11,609) | (13,144) | (10,220) | (6,771) | ||
| Gross profit: | 833 | (1,485) | (3,680) | (352) | ||
| Operating expenses | (25,458) | (5,728) | (125) | (14,495) | ||
| Other undisclosed operating income | 11,596 | 5,864 | 6,984 | 113 | ||
| Operating income (loss): | (13,028) | (1,349) | 3,179 | (14,734) | ||
| Nonoperating expense | (6,601) | (11,191) | (20,914) | (6,528) | ||
| Investment income, nonoperating | 12,358 | 8,592 | 19 | 19 | ||
| Interest and debt expense | (18,960) | (19,783) | (15,048) | (5,739) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 19,783 | 15,048 | 5,739 | |||
| Loss from continuing operations before equity method investments, income taxes: | (38,589) | (12,540) | (17,735) | (21,262) | ||
| Other undisclosed income from continuing operations before income taxes | 18,960 | |||||
| Loss from continuing operations before income taxes: | (19,629) | (12,540) | (17,735) | (21,262) | ||
| Income tax expense (benefit) | (17) | 17 | (58) | |||
| Loss from continuing operations: | (19,646) | (12,523) | (17,735) | (21,320) | ||
| Loss before gain (loss) on sale of properties: | (19,646) | (12,523) | (17,735) | (21,320) | ||
| Net loss: | (19,646) | (12,523) | (17,735) | (21,320) | ||
| Other undisclosed net income (loss) attributable to parent | 17 | (17) | 116 | |||
| Net loss available to common stockholders, diluted: | (19,629) | (12,540) | (17,735) | (21,204) | ||
Comprehensive Income ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (19,646) | (12,523) | (17,735) | (21,320) | ||
| Comprehensive loss, net of tax, attributable to parent: | (19,646) | (12,523) | (17,735) | (21,320) | ||
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.