Petroquest Energy Inc (PQUE) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 E KALISTE SALOOM RD SUITE 6000
LAFAYETTE, LA 70508
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)

6/30/2019
MRQ
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 investments 34,89115,65528,312148,01318,2439,153
Cash and cash equivalents 34,89115,65528,312148,01318,2439,153
Receivables 11,08029,68717,92655,85063,26326,568
Prepaid expense     847477
Derivative instruments and hedges, assets  1,174 1,5088,631521
Other current assets 3,2612,1252,3533,8745,5668,132
Other undisclosed current assets 3,5508,300   26,556
Total current assets: 52,78256,94148,591209,24596,55071,407
Noncurrent Assets
Property, plant and equipment 83,500106,56589,904168,444688,452586,334
Oil and gas property, full cost method     683,812581,242
Other undisclosed noncurrent assets 1,0057926,3651,630(677,919)(571,793)
Total noncurrent assets: 84,505107,35796,269170,074694,345595,783
TOTAL ASSETS: 137,287164,298144,860379,319790,895667,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12,95838,62429,203100,536108,34847,341
Accounts payable 11,69936,17925,26597,999102,95447,341
Accrued liabilities 1,2592,4453,9382,5375,394 
Debt   22,568   
Derivative instruments and hedges, liabilities  7313,947  1,617
Asset retirement obligation 1836874,1606,0152,7563,113
Other undisclosed current liabilities 10,42422,79826,52352,23365,60645,466
Total current liabilities: 23,56562,84086,401158,784176,71097,537
Noncurrent Liabilities
Long-term debt and lease obligation    347,008350,000350,000
Long-term debt, excluding current maturities    347,008350,000350,000
Liabilities, other than long-term debt 2,29741,03238,47736,59452,27645,558
Asset retirement obligations 2,29730,62332,45036,54152,21445,423
Other liabilities  10,4096,0275362135
Other undisclosed noncurrent liabilities 373,592     
Total noncurrent liabilities: 375,88941,03238,477383,602402,276395,558
Total liabilities: 399,454103,872124,878542,386578,986493,095
Equity
Equity, attributable to parent (262,167)(248,935)(251,095)(163,067)136,90999,095
Preferred stock 111111
Common stock 262621666564
Additional paid in capital 314,268313,244304,341290,382285,957280,711
Accumulated other comprehensive income (loss)  278(4,750)9475,420(1,096)
Accumulated deficit (576,462)(562,484)(550,708)(454,463)(154,534)(180,585)
Total equity: (262,167)(248,935)(251,095)(163,067)136,90999,095
Other undisclosed liabilities and equity  309,361271,077 75,00075,000
TOTAL LIABILITIES AND EQUITY: 137,287164,298144,860379,319790,895667,190

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

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 87,099108,28766,667115,969225,021182,870
Revenue, net108,28766,667115,969225,021182,870
Cost of revenue (28,147)(61,998)(58,527)(73,896)(77,878)(65,629)
Cost of goods and services sold  (33,162)(28,508)(40,130)(48,597)(43,743)
Financing interest expense (28,147)
Financial services costs(28,836)(30,019)(33,766)(29,281)(21,886)
Gross profit: 58,95246,2898,14042,073147,143117,241
Operating expenses (17,564)(15,860)(66,344)(287,339)(25,828)(28,265)
Other operating income (expense), net 248(408)(560)391679588
Other undisclosed operating loss (46,739)(37,607)(31,589)(47,289)(93,745)(75,162)
Operating income (loss): (5,103)(7,586)(90,353)(292,164)28,24914,402
Interest and debt expense  403(10,139)   
Income (loss) from continuing operations before income taxes: (5,103)(7,183)(100,492)(292,164)28,24914,402
Income tax expense (benefit) (152)949(543)(2,626)2,941(320)
Income (loss) from continuing operations: (5,255)(6,234)(101,035)(294,790)31,19014,082
Income (loss) before gain (loss) on sale of properties: (5,255)(6,234)(101,035)(294,790)31,19014,082
Net income (loss): (5,255)(6,234)(101,035)(294,790)31,19014,082
Other undisclosed net income (loss) attributable to parent (4,293)(403)10,139   
Net income (loss) attributable to parent: (9,548)(6,637)(90,896)(294,790)31,19014,082
Preferred stock dividends and other adjustments (4,371)(5,139)(5,349)(5,139)(5,139)(5,139)
Net income (loss) available to common stockholders, diluted: (13,919)(11,776)(96,245)(299,929)26,0518,943

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (5,255)(6,234)(101,035)(294,790)31,19014,082
Other comprehensive income (loss)  5,028(5,697) 6,516(1,617)
Comprehensive income (loss): (5,255)(1,206)(106,732)(294,790)37,70612,465
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (4,571)(403)10,139(4,473)  
Comprehensive income (loss), net of tax, attributable to parent: (9,826)(1,609)(96,593)(299,263)37,70612,465

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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