EP Energy Corporation (EPEG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 LOUISIANA 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,00027,00020,00026,00022,000
Cash and cash equivalents27,00027,00020,00026,00022,000
Restricted cash and investments 18,000   
Receivables230,000171,000149,000217,000272,000
Inventory, net of allowances, customer advances and progress billings22,00016,00016,00024,00025,000
Inventory22,00016,00016,00024,00025,000
Prepaid expense 5,00035,0005,0005,0007,000
Derivative instruments and hedges, assets101,00018,00058,000694,000752,000
Other current assets     
Other undisclosed current assets  181,000 3,00024,000
Total current assets:385,000466,000248,000969,0001,102,000
Noncurrent Assets
Property, plant and equipment     8,728,000
Oil and gas property, successful effort method     10,241,000
Derivative instruments and hedges 13,0004,0004,00085,000297,000
Regulated entity, other noncurrent assets8,0006,00010,00023,00090,000
Other noncurrent assets1,0002,0001,0001,0002,000
Other undisclosed noncurrent assets     (18,969,000)
Total noncurrent assets:22,00012,00015,000109,000389,000
Other undisclosed assets3,774,0004,422,0004,498,0004,755,0008,728,000
TOTAL ASSETS:4,181,0004,900,0004,761,0005,833,00010,219,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities296,000308,000219,000297,000598,000
Interest and dividends payable70,00062,00043,00047,00053,000
Accounts payable226,000246,000176,000250,000545,000
Debt58,00021,000   
Derivative instruments and hedges, liabilities  17,0004,000 1,000
Asset retirement obligation    1,0002,000
Disposal group, including discontinued operation  2,000   
Deferred tax liabilities    251,000
Other liabilities86,000100,00098,00050,00047,000
Other undisclosed current liabilities     
Total current liabilities:440,000448,000321,000348,000899,000
Noncurrent Liabilities
Long-term debt and lease obligation 4,380,0004,072,0003,789,0004,812,0004,598,000
Long-term debt, excluding current maturities 4,380,0004,072,0003,789,0004,812,0004,598,000
Liabilities, other than long-term debt55,00038,00045,00054,000374,000
Asset retirement obligations39,00033,00040,00040,00040,000
Deferred tax liabilities, net    327,000
Other liabilities16,0005,0004,0006,0007,000
Derivative instruments and hedges, liabilities   1,0008,000 
Other undisclosed noncurrent liabilities (95,000)(50,000)   
Total noncurrent liabilities:4,340,0004,060,0003,834,0004,866,0004,972,000
Total liabilities:4,780,0004,508,0004,155,0005,214,0005,871,000
Equity
Equity, attributable to parent, including:(599,000)392,000606,000619,0004,348,000
Treasury stock, value(1,000)(3,000)(3,000)  
Additional paid in capital3,536,0003,526,0003,546,0003,529,0003,510,000
Retained earnings (accumulated deficit)(4,137,000)(3,134,000)(2,939,000)(2,912,000)836,000
Other undisclosed equity, attributable to parent3,0003,0002,0002,0002,000
Total equity:(599,000)392,000606,000619,0004,348,000
Other undisclosed liabilities and equity     
TOTAL LIABILITIES AND EQUITY:4,181,0004,900,0004,761,0005,833,00010,219,000

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,324,0001,066,000767,0001,908,0003,084,000
Revenue, net922,000775,0001,181,0001,989,000
Cost of revenue
(Cost of Goods and Services Sold)
 (3,000)(165,000)(169,000)(217,000)(216,000)
Gross profit:1,321,000901,000598,0001,691,0002,868,000
Operating expenses(79,000)(77,000)(55,000)(100,000)(172,000)
Other undisclosed operating loss(1,957,000)(685,000)(641,000)(5,546,000)(1,203,000)
Operating income (loss):(715,000)139,000(98,000)(3,955,000)1,493,000
Nonoperating income4,000   1,000
Investment income, nonoperating     985,000
Other nonoperating income4,000    
Interest and debt expense(292,000)(342,000)72,000(371,000)(335,000)
Income (loss) from continuing operations before income taxes:(1,003,000)(203,000)(26,000)(4,326,000)1,159,000
Income tax expense (benefit)  9,000(1,000)578,000(432,000)
Income (loss) from continuing operations:(1,003,000)(194,000)(27,000)(3,748,000)727,000
Income (loss) before gain (loss) on sale of properties:(1,003,000)(194,000)49,000(3,748,000)727,000
Income from discontinued operations   76,000  
Net income (loss):(1,003,000)(194,000)49,000(3,748,000)727,000
Other undisclosed net income (loss) attributable to parent  (76,000) 4,000
Net income (loss) available to common stockholders, diluted:(1,003,000)(194,000)(27,000)(3,748,000)731,000

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,003,000)(194,000)49,000(3,748,000)727,000
Comprehensive income (loss):(1,003,000)(194,000)49,000(3,748,000)727,000
Other undisclosed comprehensive income, net of tax, attributable to parent     4,000
Comprehensive income (loss), net of tax, attributable to parent:(1,003,000)(194,000)49,000(3,748,000)731,000

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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