Petroquest Energy Inc (PQUE) Financial Statements (2023 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)

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 investments34,89115,65528,312148,01318,2439,153
Cash and cash equivalents34,89115,65528,312148,01318,2439,153
Receivables11,08029,68717,92655,85063,26326,568
Prepaid expense    847477
Derivative instruments and hedges, assets 1,174 1,5088,631521
Other current assets3,2612,1252,3533,8745,5668,132
Other undisclosed current assets3,5508,300   26,556
Total current assets:52,78256,94148,591209,24596,55071,407
Noncurrent Assets
Property, plant and equipment83,500106,56589,904168,444688,452586,334
Oil and gas property, full cost method    683,812581,242
Other undisclosed noncurrent assets1,0057926,3651,630(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 liabilities12,95838,62429,203100,536108,34847,341
Accounts payable11,69936,17925,26597,999102,95447,341
Accrued liabilities1,2592,4453,9382,5375,394 
Debt  22,568   
Derivative instruments and hedges, liabilities 7313,947  1,617
Asset retirement obligation1836874,1606,0152,7563,113
Other undisclosed current liabilities10,42422,79826,52352,23365,60645,466
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 debt2,29741,03238,47736,59452,27645,558
Asset retirement obligations2,29730,62332,45036,54152,21445,423
Other liabilities 10,4096,0275362135
Other undisclosed noncurrent liabilities373,592     
Total noncurrent liabilities:375,88941,03238,477383,602402,276395,558
Total liabilities:399,454103,872124,878542,386578,986493,095
Stockholders' equity
Stockholders' equity attributable to parent(262,167)(248,935)(251,095)(163,067)136,90999,095
Preferred stock111111
Common stock262621666564
Additional paid in capital314,268313,244304,341290,382285,957280,711
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 stockholders' 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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues87,099108,28766,667115,969225,021182,870
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), net248(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)
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)

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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