SABLE NATURAL RESOURCES CORP (SNRE) financial statements (2022 and earlier)

Company profile

Business Address 12222 MERIT DRIVE, SUITE 1850
DALLAS, TX 75251
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)

Current Assets
Cash, cash equivalents, and short-term investments265941,999
Cash and cash equivalents206941,484
Short-term investments59 514
Prepaid expense and other current assets115
Deferred tax assets  3
Other undisclosed current assets9182 
Total current assets:4752524,657
Noncurrent Assets
Property, plant and equipment11,665934682
Restricted cash and investments2,9863,1204,314
Deferred costs3,209 13
Other undisclosed noncurrent assets263569
Total noncurrent assets:18,1234,1115,017
TOTAL ASSETS:18,5984,3639,674
Current Liabilities
Accounts payable and accrued liabilities, including:1,674598743
Accrued liabilities415  
Other undisclosed accounts payable and accrued liabilities1,260598743
Due to related parties480  
Other undisclosed current liabilities4848231
Total current liabilities:2,9218961,275
Noncurrent Liabilities
Long-term debt and lease obligation10,681129416
Long-term debt, excluding current maturities10,681129416
Liabilities, other than long-term debt1,902106
Asset retirement obligations1,2857 
Deferred tax liabilities, net  3
Derivative instruments and hedges, liabilities61733
Other undisclosed noncurrent liabilities3,053  
Total noncurrent liabilities:15,636139422
Total liabilities:18,5571,0341,697
Temporary equity, carrying amount  5,764
Stockholders' equity
Stockholders' equity attributable to parent(3,684)(395)2,213
Common stock362828
Treasury stock, value(1,860)(1,860)(1,860)
Additional paid in capital21,94820,61520,547
Accumulated other comprehensive income (loss) (5)5
Accumulated deficit(23,807)(19,173)(16,507)
Other undisclosed stockholders' equity3,7243,724 
Total stockholders' equity:403,3292,213

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

(Revenue, Net)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:1428436,124
Operating expenses(8,710)(6,981)(14,474)
Other undisclosed operating income4,1603,58112,337
Operating income (loss):(4,409)(2,557)3,987
Nonoperating expense(221)(88)(309)
Interest and debt expense(557)(72)(325)
Income (loss) from continuing operations before equity method investments, income taxes:(5,187)(2,717)3,353
Other undisclosed income from continuing operations before income taxes55772325
Income (loss) from continuing operations before income taxes:(4,630)(2,645)3,678
Income tax expense (65)(20)
Income (loss) from continuing operations:(4,630)(2,710)3,658
Income (loss) from discontinued operations 33(8,815)
Net loss:(4,630)(2,677)(5,157)
Net income attributable to noncontrolling interest  65
Net loss attributable to parent:(4,630)(2,677)(5,092)
Preferred stock dividends and other adjustments  (644)
Net loss available to common stockholders, basic:(4,630)(2,677)(5,736)
Other undisclosed net income available to common stockholders, diluted  644
Net loss available to common stockholders, diluted:(4,630)(2,677)(5,092)

Comprehensive Income ($ in thousands)

Net loss:(4,630)(2,677)(5,157)
Other undisclosed comprehensive loss  (639)
Comprehensive loss:(4,630)(2,677)(5,796)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (65)
Other undisclosed comprehensive income, net of tax, attributable to parent  130
Comprehensive loss, net of tax, attributable to parent:(4,630)(2,677)(5,731)

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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