Mid-Con Energy Partners, LP (MCEP) financial statements (2022 and earlier)

Company profile

Business Address 2431 E. 61ST STREET
TULSA, OK 74136
State of Incorp. DE
Fiscal Year End December 31
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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2554671,8322,3596153,2321,434
Cash and cash equivalents2554671,8322,3596153,2321,434
Receivables6,8533,6915,2625,3024,5518,0516,882
Prepaid expense87      
Derivative instruments and hedges, assets 5,666  24,41926,202153
Assets held-for-sale, not part of disposal group3654302,058  
Other undisclosed current assets 6212698955,6324,722191
Total current assets:7,56010,8759,4218,55635,21742,2078,660
Noncurrent Assets
Oil and gas property, successful effort method193,459206,848207,491265,217286,908407,295180,532
Derivative instruments and hedges7302,418  1,14484248
Other noncurrent assets1,0201,5632,4512,5133,8174,284843
Total noncurrent assets:195,209210,829209,942267,730291,869412,421181,423
TOTAL ASSETS:202,769221,704219,363276,286327,086454,628190,083
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1152,1651,1962,7003,3504,027432
Accounts payable3201415932,5543,1853,630 
Accrued liabilities7952,024603146165397432
Debt    30,000  
Derivative instruments and hedges, liabilities1,944 4,2525,314  1,627
Due to related parties6,9023,7321,6311,1335593,989 
Other liabilities430      
Other undisclosed current liabilities  77   5,166
Total current liabilities:10,3915,8977,1569,14733,9098,0167,225
Noncurrent Liabilities
Long-term debt and lease obligation68,45793,00099,000122,000150,000205,000112,000
Long-term debt, excluding current maturities68,00093,00099,000122,000150,000205,000112,000
Operating lease, liability457
Liabilities, other than long-term debt30,72226,04810,98513,91912,6797,4704,070
Asset retirement obligations30,26526,00110,24911,33112,6797,3633,942
Other liabilities457477093 107128
Derivative instruments and hedges, liabilities  6662,495   
Total noncurrent liabilities:99,179119,048109,985135,919162,679212,470116,070
Total liabilities:109,570124,945117,141145,066196,588220,486123,295
Stockholders' equity
Other undisclosed liabilities and equity93,19996,759102,222131,220130,498234,14266,788
TOTAL LIABILITIES AND EQUITY:202,769221,704219,363276,286327,086454,628190,083

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues55,50172,78856,98443,89696,280126,27280,061
Cost of revenue(57,713)(44,874)(38,994)(52,237)(71,252)(54,293)(34,604)
Cost of goods and services sold  (21,614)(22,692)(33,591)(26,091)(16,366)
Gross profit:(2,212)27,91417,990(8,341)25,02871,97945,457
Operating expenses(2,949)(39,646)(34,935)(8,362)(113,781)(44,769)(13,995)
Other undisclosed operating income (loss)9,671(509)(3,950)(560)   
Operating income (loss):4,510(12,241)(20,895)(17,263)(88,753)27,21031,462
Nonoperating expense(5,109)(6,012)(6,438)(7,551)(6,742)(4,718)(3,273)
Investment income, nonoperating    22,36629,361(5,675)
Interest and debt expense(5,166)(6,010)(6,472)(7,487)(7,258)(4,731)(3,282)
Income (loss) before gain (loss) on sale of properties:(5,765)(24,263)(33,805)(32,301)(102,753)17,76124,907
Other undisclosed net income5,1666,010     
Net income (loss):(599)(18,253)(33,805)(32,301)(102,753)17,76124,907
Other undisclosed net income attributable to parent  6,4727,4877,2584,7313,282
Net income (loss) attributable to parent:(599)(18,253)(27,333)(24,814)(95,495)22,49228,189
Preferred stock dividends and other adjustments(4,643)(4,456)(3,063)(1,249)   
Net income (loss) available to common stockholders, diluted:(5,242)(22,709)(30,396)(26,063)(95,495)22,49228,189

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(599)(18,253)(33,805)(32,301)(102,753)17,76124,907
Comprehensive income (loss), net of tax, attributable to parent:(599)(18,253)(33,805)(32,301)(102,753)17,76124,907

Statements sources

The financial statements are based on the company's filings with the 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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