Mid-Con Energy Partners, LP (MCEP) financial statements (2020 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 millions)

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 investments0022131
Cash and cash equivalents0022131
Receivables7455587
Prepaid expense0      
Derivative instruments and hedges, assets 6  24260
Assets held-for-sale, not part of disposal group002  
Other undisclosed current assets 101650
Total current assets:8119935429
Noncurrent Assets
Oil and gas property, successful effort method193207207265287407181
Derivative instruments and hedges12  110
Other noncurrent assets1223441
Total noncurrent assets:195211210268292412181
TOTAL ASSETS:203222219276327455190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1213340
Accounts payable001334 
Accrued liabilities1210000
Debt    30  
Derivative instruments and hedges, liabilities2 45  2
Due to related parties742114 
Other liabilities0      
Other undisclosed current liabilities  0   5
Total current liabilities:106793487
Noncurrent Liabilities
Long-term debt and lease obligation689399122150205112
Long-term debt, excluding current maturities689399122150205112
Operating lease, liability0
Liabilities, other than long-term debt312611141374
Asset retirement obligations302610111374
Other liabilities0000 00
Derivative instruments and hedges, liabilities  12   
Total noncurrent liabilities:99119110136163212116
Total liabilities:110125117145197220123
Stockholders' equity
Other undisclosed liabilities and equity939710213113023467
TOTAL LIABILITIES AND EQUITY:203222219276327455190

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues567357449612680
Cost of revenue(58)(45)(39)(52)(71)(54)(35)
Cost of goods and services sold  (22)(23)(34)(26)(16)
Gross profit:(2)2818(8)257245
Operating expenses(3)(40)(35)(8)(114)(45)(14)
Other undisclosed operating income (loss)10(1)(4)(1)   
Operating income (loss):5(12)(21)(17)(89)2731
Nonoperating expense(5)(6)(6)(8)(7)(5)(3)
Investment income, nonoperating    2229(6)
Interest and debt expense(5)(6)(6)(7)(7)(5)(3)
Income (loss) before gain (loss) on sale of properties:(6)(24)(34)(32)(103)1825
Other undisclosed net income56     
Net income (loss):(1)(18)(34)(32)(103)1825
Other undisclosed net income attributable to parent  67753
Net income (loss) attributable to parent:(1)(18)(27)(25)(95)2228
Preferred stock dividends and other adjustments(5)(4)(3)(1)   
Net income (loss) available to common stockholders, diluted:(5)(23)(30)(26)(95)2228

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)(18)(34)(32)(103)1825
Comprehensive income (loss), net of tax, attributable to parent:(1)(18)(34)(32)(103)1825

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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