Trans Energy Inc (TENG) financial statements (2021 and earlier)

Company profile

Business Address 210 SECOND ST
ST MARYS, WV 26170
State of Incorp. NV
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0231
Cash and cash equivalents0231
Receivables2443
Prepaid expense111
Deferred costs4111
Derivative instruments and hedges, assets35  
Prepaid expense and other current assets0
Other undisclosed current assets1000
Total current assets:101395
Noncurrent Assets
Property, plant and equipment0111
Oil and gas property, successful effort method70778052
Derivative instruments and hedges 3  
Disposal group, including discontinued operation, noncurrent assets 14
Other noncurrent assets16210
Prepaid expense and other noncurrent assets0
Assets held-for-sale, long lived 4
Other undisclosed noncurrent assets (17)0(53)
Total noncurrent assets:8699814
Other undisclosed assets   53
TOTAL ASSETS:971129062
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3852
Accounts payable11  
Accrued liabilities2752
Debt121000
Derivative instruments and hedges, liabilities0 0 
Accrued environmental loss contingencies24  
Due to related parties00  
Other undisclosed current liabilities1641
Total current liabilities:1271793
Noncurrent Liabilities
Long-term debt and lease obligation21108948
Long-term debt, excluding current maturities21108948
Liabilities, other than long-term debt4400
Asset retirement obligations0000
Accrued environmental loss contingencies33  
Derivative instruments and hedges, liabilities110 
Other undisclosed noncurrent liabilities00 3
Total noncurrent liabilities:61138951
Total liabilities:1341319854
Stockholders' equity
Stockholders' equity attributable to parent(37)(19)(8)8
Common stock0000
Treasury stock, value(0)(0)(0)(0)
Additional paid in capital46444341
Accumulated deficit(83)(63)(51)(33)
Total stockholders' equity:(37)(19)(8)8
TOTAL LIABILITIES AND EQUITY:971129062

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues12281812
Revenue, net12271812
Cost of revenue(12)(30)(22)(12)
Cost of goods and services sold(12)(13)(10)(7)
Gross profit:1(1)(4)(0)
Operating expenses(25)(6)(0)(14)
Other undisclosed operating income12670
Operating income (loss):(13)(1)3(15)
Nonoperating expense(7)(11)(21)(7)
Investment income, nonoperating12900
Interest and debt expense(19)(20)(15)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes 20156
Loss from continuing operations before equity method investments, income taxes:(39)(13)(18)(21)
Other undisclosed income from continuing operations before income taxes19   
Loss from continuing operations before income taxes:(20)(13)(18)(21)
Income tax expense (benefit)(0)0 (0)
Net loss:(20)(13)(18)(21)
Other undisclosed net income (loss) attributable to parent0(0) 0
Net loss available to common stockholders, diluted:(20)(13)(18)(21)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(20)(13)(18)(21)
Comprehensive loss, net of tax, attributable to parent:(20)(13)(18)(21)

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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