Warren Resources Inc (WRES) Financial Statements (2024 and earlier)

Company Profile

Business Address 1331 17TH STREET
DENVER, CO 80202
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)

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,03411,09117,77326,7649,50115,359
Cash and cash equivalents5,03411,09117,77326,7649,50115,359
Restricted cash and investments  1,5381,5231,448144144
Receivables7,0948,2008,4949,88015,7048,385
Derivative instruments and hedges, assets1343069,40211,0814,192 
Other current assets5,4985,1894,1955,4392,7042,963
Total current assets:17,76026,32441,38754,61232,24526,851
Noncurrent Assets
Property, plant and equipment1,1761,3011,4401,54818,12019,016
Oil and gas property, full cost method62,65963,46997,294162,685379,561563,463
Derivative instruments and hedges     3,338 
Restricted cash and investments     1,3301,291
Deferred costs    12,51012,83613,335
Other noncurrent assets3,0263,0383,0123,1073,0263,002
Total noncurrent assets:66,86167,808101,746179,850418,211600,107
TOTAL ASSETS:84,62194,132143,133234,462450,456626,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:   42,97142,87233,717
Other undisclosed accounts payable and accrued liabilities   42,97142,87233,717
Debt   466,004476,580  
Derivative instruments and hedges, liabilities     408
Other undisclosed current liabilities 15,1167,93937,371153382381
Total current liabilities:15,1167,939503,375519,70443,25434,506
Noncurrent Liabilities
Long-term debt and lease obligation   39,364   
Long-term debt, excluding current maturities   39,364   
Liabilities, other than long-term debt   38,322 37,395
Due to related parties      
Other liabilities    38,322 37,334
Derivative instruments and hedges, liabilities      61
Other undisclosed noncurrent liabilities558,076548,238503,375 486,487448,723
Total noncurrent liabilities:558,076548,238542,73938,322486,487486,118
Total liabilities:573,192556,1771,046,114558,026529,741520,624
Equity
Equity, attributable to parent(473,455)(454,106)(399,606)(323,564)(79,285)106,334
Preferred stock 128128128128128128
Common stock999988
Additional paid in capital517,468517,135516,883516,715514,615514,186
Accumulated other comprehensive income  242246190215202
Accumulated deficit(991,060)(971,620)(916,872)(840,606)(594,251)(408,190)
Total equity:(473,455)(454,106)(399,606)(323,564)(79,285)106,334
Other undisclosed liabilities and equity (15,116)(7,939)(503,375)   
TOTAL LIABILITIES AND EQUITY:84,62194,132143,133234,462450,456626,958

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

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
Revenues15,95514,68612,27615,57420,80426,217
Revenue, net 15,95514,68612,27615,57420,80426,217
Other undisclosed gross profit    (51,263)  
Gross profit: 15,95514,68612,276(35,689)20,80426,217
Operating expenses (25,311)(54,020)(83,342)(256,617)(210,346)(119,813)
Other undisclosed operating income    51,263  
Operating loss: (9,356)(39,334)(71,066)(241,043)(189,542)(93,596)
Nonoperating income (expense) (9,960)(15,414)(5,200)(5,294)3,4738,336
Investment income, nonoperating 397(4,777)5,5118,77910,644(3,300)
Interest and debt expense (11,016)(10,497)(10,299)20,935(8,967)7,672
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (20,935)8,967(7,672)
Loss from continuing operations before equity method investments, income taxes: (30,332)(65,245)(86,565)(246,337)(186,069)(85,260)
Other undisclosed income from continuing operations before income taxes 11,01610,49710,299   
Loss from continuing operations before income taxes: (19,316)(54,748)(76,266)(246,337)(186,069)(85,260)
Income tax expense (benefit) (124)   8(16)
Other undisclosed loss from continuing operations    (17)  
Loss from continuing operations: (19,440)(54,748)(76,266)(246,354)(186,061)(85,276)
Loss before gain (loss) on sale of properties: (19,440)(54,748)(76,266)(246,354)(186,061)(85,276)
Net loss attributable to parent: (19,440)(54,748)(76,266)(246,354)(186,061)(85,276)
Preferred stock dividends and other adjustments    (3)(2)(2)
Net loss available to common stockholders, diluted: (19,440)(54,748)(76,266)(246,357)(186,063)(85,278)

Comprehensive Income ($ in thousands)

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
Net loss: (19,440)(54,748)(76,266)(246,354)(186,061)(85,276)
Other comprehensive income    17  
Comprehensive loss: (19,440)(54,748)(76,266)(246,337)(186,061)(85,276)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (52)(4)56(44)14(26)
Comprehensive loss, net of tax, attributable to parent: (19,492)(54,752)(76,210)(246,381)(186,047)(85,302)

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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