Contango oil & gas company (MCF)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
REVENUES:
Revenues

37,192

12,547

12,762

14,011

18,694

19,508

18,448

20,437

-

18,830

20,276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

19,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and condensate sales

-

-

-

-

-

-

-

-

-

-

-

-

5,842

4,946

6,971

5,247

7,348

9,500

15,688

10,694

19,136

37,662

38,340

35,100

31,655

10,044

7,743

10,174

-

-

-

-

-

-

-

-

-

-

Natural gas sales

-

-

-

-

-

-

-

-

-

-

-

-

12,564

12,011

9,337

9,935

10,928

16,020

15,287

16,823

25,148

21,676

31,244

34,627

25,973

18,914

18,381

16,013

-

-

-

-

-

-

-

-

-

-

Natural gas liquids sales

-

-

-

-

-

-

-

-

-

-

-

-

3,257

2,619

3,054

2,400

3,213

3,515

4,359

3,130

5,946

8,214

8,835

10,530

9,275

5,764

4,584

5,600

-

-

-

-

-

-

-

-

-

-

Natural gas and oil sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,788

34,940

29,765

-

41,339

53,907

44,203

-

51,805

48,236

53,097

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

21,663

19,576

19,362

17,582

21,489

29,035

35,334

30,647

50,230

67,552

78,419

80,257

66,903

34,722

30,708

31,787

34,940

29,765

39,823

41,339

53,907

44,203

48,583

51,805

48,236

53,097

EXPENSES:
Operating expenses

16,884

5,435

5,694

5,192

5,765

6,382

6,478

6,927

6,980

7,041

6,329

6,833

6,329

8,158

7,020

7,604

7,921

9,036

10,972

9,911

10,810

13,797

11,576

11,053

-

5,553

10,687

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,785

4,973

6,464

-

5,727

7,010

5,889

-

5,652

5,671

4,604

Exploration expenses

312

218

249

224

349

425

394

469

416

315

284

91

728

444

324

320

165

407

6,924

4,483

316

-4,713

10,853

26,931

1,598

89

5

129

6,629

44,984

213

76

33

24

-97

14

9,761

73

Depreciation, depletion and amortization

16,205

8,473

7,573

7,556

8,821

12,853

9,498

10,485

11,537

11,193

12,714

11,771

13,737

15,166

17,875

16,545

21,109

38,386

38,770

35,115

41,264

40,550

39,901

34,402

33,286

11,518

10,230

10,494

10,770

9,566

12,850

11,710

13,536

10,956

-

-

-

-

Impairment and abandonment of natural gas and oil properties

125,120

1,336

1,247

587

27,104

72,524

777

3,327

880

84

1,401

30

6,304

1,165

1,252

1,851

48,210

235,150

236

2,281

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,007

13,681

14,026

Impairment and abandonment of oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,693

1,371

15,195

0

0

767

0

5,668

8,410

0

0

0

0

-

1,675

106

-

Impairment and abandonment of oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

9,598

5,879

4,456

5,005

5,353

6,724

5,354

6,726

5,513

6,219

5,833

6,596

8,030

7,486

5,384

5,902

3,719

7,504

7,351

7,828

7,560

6,821

9,207

10,457

14,892

2,657

5,757

3,208

2,818

2,580

4,640

1,226

2,304

2,248

402

5,661

3,281

2,997

Total expenses

168,119

21,341

19,219

18,564

47,392

98,908

22,501

27,934

25,326

24,852

26,561

25,321

35,128

32,419

31,855

32,222

81,124

290,483

64,253

59,618

84,384

63,148

72,908

98,038

60,534

19,817

27,446

23,616

30,858

72,004

24,260

18,739

22,883

19,117

21,558

26,009

32,500

21,700

OTHER INCOME (EXPENSE):
Gain (loss) from investment in affiliates (net of income taxes)

893

-608

427

30

-12,683

-270

-475

707

222

525

166

1,784

-257

467

1,295

40

-

-375

-745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from sale of assets and return on investments

-83

192

421

-12

1,909

498

1,370

9,447

-56

-184

-420

2,940

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) from investment in affiliates (net of income taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

558

-

1,287

1,478

1,622

908

669

1,880

-1,147

344

164

-449

0

0

0

-

-

-

-

Gain from investment in affiliates (net of income taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

908

669

1,880

-1,147

344

164

-449

0

0

0

-

-

-

-

Interest expense

5,427

998

1,079

1,092

1,477

1,400

1,262

1,409

1,278

1,138

925

759

757

989

1,178

878

849

785

835

695

581

672

737

668

-

13

13

-

-

-

-

-

-

-

-

-

-

-

Interest income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

-

-

-

-

-

-

-

-

Gain (loss) on derivatives, net

-4,425

1,881

2,065

-2,878

6,900

-1,319

-2,610

-1,032

-1,249

-9

1,487

3,096

-2,368

913

-4,381

4,204

-

2,011

-10

-

1,335

1,734

-1,263

-1,959

-1,132

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on Sale of Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other income

1,326

519

89

-86

67

357

3

879

1,302

0

61

-88

-54

7

-270

-40

-5,181

4,288

995

-5

-

48

-196

-

-15,698

15,698

9,722

134

-173

-12

68

42

-51

-77

122

-37

-22

-63

Total other income

-7,716

986

1,923

-4,038

-5,273

-2,145

-2,974

8,592

-1,059

-806

369

6,973

-3,447

409

-4,534

3,326

-35,703

5,139

-595

-142

3,562

2,397

-718

-1,005

4,856

16,354

11,589

-1,006

-

-

-

-

-

-

-

-

-

-

NET LOSS BEFORE INCOME TAXES

-138,643

-7,808

-4,534

-8,591

-33,971

-81,545

-7,027

1,095

-6,370

-6,828

-5,916

1,076

-16,912

-12,434

-17,027

-11,314

-95,338

-256,309

-29,514

-29,113

-30,592

6,801

4,793

-18,786

11,226

31,259

14,851

7,165

-

-

-

-

-

-

-

-

-

-

Income tax provision

-264

30

427

27

-168

-21

151

158

-792

88

118

191

-68

51

269

90

15,933

-70,624

-9,986

-10,549

-10,666

3,137

212

-8,593

4,829

11,519

3,495

3,296

1,649

-14,538

-

7,942

11,383

9,423

-

9,118

5,807

11,516

Total Other/Income (Expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

-

-

-

-

-

-

-

-

NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,851

7,166

4,253

-42,087

14,888

22,642

30,973

25,009

26,990

25,759

15,714

31,334

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,356

3,869

2,604

-27,549

9,337

14,700

19,590

15,586

18,093

16,641

9,907

19,818

NET INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,404

-

-185,685

-19,528

-18,564

-19,926

3,664

4,581

-10,193

-

19,740

11,356

-

-

-

-

-

-

-

-

-

-

-

NET LOSS ATTRIBUTABLE TO COMMON STOCK

-138,379

-7,838

-4,961

-8,618

-33,803

-81,524

-7,178

937

-5,578

-6,916

-6,034

885

-

-12,485

-17,296

-

-

-

-

-

-

-

-

-

-

-

-

3,869

-

-

-

-

-

-

-

-

-

-

Discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-26

-114

-682

-

156

1,860

-877

NET INCOME ATTRIBUTABLE TO COMMON STOCK

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,869

2,604

-27,549

-

14,674

19,476

14,904

-

16,797

11,767

18,941

NET LOSS PER SHARE:
Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

0.00

0.00

-0.01

-0.04

-0.03

0.01

0.12

-0.06

Basic (in dollars per share)

-2.35

-0.19

-0.15

-0.26

-1.18

-3.26

-0.29

0.04

-0.23

-0.28

-0.24

0.04

-0.66

-0.55

-0.90

-0.60

-5.87

-9.79

-1.03

-0.98

-1.05

0.19

0.24

-0.53

0.23

1.30

0.75

0.25

0.17

-1.80

0.61

0.96

1.27

0.95

1.12

1.07

0.75

1.21

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

-

0.61

0.96

1.28

0.99

1.15

1.06

0.63

1.27

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

-

0.61

0.96

1.28

0.99

1.15

1.06

0.63

1.26

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

0.00

0.00

-0.01

-0.04

-0.03

0.01

0.12

-0.06

Diluted (in dollars per share)

-2.35

-0.19

-0.15

-0.26

-1.18

-3.26

-0.29

0.04

-0.23

-0.28

-0.24

0.04

-0.66

-0.55

-0.90

-0.60

-5.87

-9.79

-1.03

-0.98

-1.05

0.19

0.24

-0.53

0.23

1.30

0.75

0.25

0.17

-1.80

0.61

0.96

1.27

0.95

1.12

1.07

0.75

1.20

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)

107,079

41,786

33,909

33,770

29,053

25,001

24,933

24,793

24,758

24,708

24,671

24,607

24,615

22,881

19,121

19,079

19,016

18,966

18,939

18,939

19,014

19,077

19,074

19,071

19,007

15,194

15,194

15,195

15,198

15,292

15,334

15,357

15,362

15,639

15,664

15,665

15,665

15,666

Diluted (in shares)

107,079

41,786

33,909

33,770

29,005

25,001

24,933

24,841

24,724

24,708

24,671

24,641

24,615

22,881

19,121

19,079

19,016

18,966

18,939

18,939

18,913

19,122

19,130

19,071

19,015

15,194

15,194

15,195

15,198

15,292

15,333

15,360

15,365

15,642

15,666

15,667

15,739

15,780

Oil and Condensate [Member]
Revenues

23,579

7,281

7,439

6,406

7,437

8,558

9,607

8,811

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas, Production [Member]
Revenues

8,588

4,293

3,857

5,642

8,239

7,128

5,848

8,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural gas liquids [Member]
Revenues

5,025

973

1,466

1,963

3,018

3,822

2,993

3,017

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-