Jagged peak energy inc. (JAG)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
REVENUES
Revenues

150,065

146,757

129,595

138,537

155,378

158,676

129,053

104,422

70,451

53,051

39,388

24,877

22,064

19,336

10,245

OPERATING EXPENSES
Lease operating expenses

17,554

15,554

13,650

11,016

11,184

10,486

9,720

7,190

5,184

3,890

1,610

2,251

2,285

1,173

1,796

Gathering and processing expenses

-

-

-

-

-

-

-

-

-

655

392

384

294

218

150

Production and ad valorem taxes

11,263

11,535

9,302

8,205

9,517

9,246

7,674

5,204

4,739

3,537

2,640

1,172

1,341

1,131

701

Exploration

3

0

-

-

23

1

-

17

6

2

6

-

0

1,192

-

Results of Operations, Depreciation, Depletion, Amortization and Accretion

66,069

61,222

59,074

61,803

57,660

54,915

47,977

43,825

30,851

22,311

14,062

10,987

11,152

9,566

8,712

Impairment of unproved oil and natural gas properties

31,817

862

84

28,145

0

0

53

8

257

101

7

55

7

64

246

General and administrative expenses (including equity-based compensation of $4,098 and $2,614 for the three months ended September 30, 2019 and 2018, respectively, and $11,025 and $80,671 for the nine months ended September 30, 2019 and 2018, respectively)

13,669

13,078

13,394

13,001

12,321

10,833

86,317

16,563

17,733

18,220

413,551

3,812

2,375

2,171

3,332

Other operating expenses

0

6

3,200

-2

19

24

22

24

41

47

135

-1,200

169

214

1,466

Total operating expenses

140,375

102,257

98,704

122,173

90,724

85,505

151,763

74,851

60,168

48,763

432,403

18,753

17,623

15,729

16,403

INCOME (LOSS) FROM OPERATIONS

9,690

44,500

30,891

16,364

64,654

73,171

-22,710

29,571

10,283

4,288

-393,015

6,124

4,441

3,607

-6,158

OTHER INCOME (EXPENSE)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

39,421

18,469

-143,592

229,764

-96,516

-9,584

-4,326

-58,537

-27,693

26,573

17,042

-6,937

1,728

-8,877

-1,059

Interest expense, net

9,974

9,263

8,446

8,057

8,256

6,108

2,731

1,251

467

432

711

1,158

759

479

233

Gain (Loss) on Disposition of Oil and Gas Property

0

-

-

-

6,225

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Other, net

18

-137

14

13

12

10

8

-116

60

243

171

0

0

0

0

Total other income (expense)

29,465

9,069

-152,024

221,720

-98,535

-15,682

-7,049

-59,904

-28,100

26,384

16,502

-8,095

969

-9,356

-1,292

INCOME (LOSS) BEFORE INCOME TAX

39,155

53,569

-121,133

238,084

-33,881

57,489

-29,759

-30,333

-17,817

30,672

-376,513

-1,971

5,410

-5,749

-7,450

Income tax expense (benefit)

8,597

11,662

-26,245

51,738

-7,315

12,408

9,644

-43,096

-2,598

14,269

89,368

0

0

0

0

Net Income (Loss) Attributable to Parent

30,558

41,907

-94,888

186,346

-26,566

45,081

-39,403

12,763

-15,219

16,403

-465,881

-1,971

5,410

-5,749

-7,450

Earnings Per Share [Abstract]
Basic (in dollars per share)

0.14

0.20

-0.44

0.87

-0.12

0.21

-0.18

0.05

-0.07

0.08

-0.42

-

-

-

-

Diluted (in dollars per share)

0.14

0.20

-0.44

0.87

-0.12

0.21

-0.18

0.05

-0.07

0.08

-0.42

-

-

-

-

Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

213,403

213,371

213,270

213,187

213,180

213,142

213,003

212,927

212,931

212,932

212,938

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

213,700

213,519

213,270

213,367

213,180

213,262

213,003

212,808

212,931

213,051

212,938

-

-

-

-

Oil sales
Revenues

147,710

145,624

123,490

128,867

141,598

148,614

120,723

-

-

48,388

36,765

22,863

20,332

17,609

9,274

Natural gas sales
Revenues

727

-2,041

2,218

1,371

2,552

2,338

2,875

-

-

1,841

917

763

731

439

280

NGL sales
Revenues

1,628

3,174

3,878

8,235

10,814

7,599

5,308

-

-

2,663

1,518

1,045

819

776

428

Other operating revenues
Other operating revenues

0

0

9

64

414

125

147

-

-

159

188

206

182

512

263