Brigham minerals, inc. (MNRL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
REVENUES
Mineral and royalty revenues

28,374

33,112

24,135

23,049

17,590

-

16,460

14,522

-

Lease bonus and other revenues

3,906

502

972

1,480

675

-

2,241

2,367

-

Total revenues

32,280

33,614

25,107

24,529

18,265

-

18,701

16,889

-

OPERATING EXPENSES
Gathering, transportation and marketing

1,779

1,235

1,113

1,523

1,114

-

887

912

-

Severance and ad valorem taxes

1,752

2,203

1,377

1,450

1,379

-

957

882

-

Depreciation, depletion and amortization

12,826

10,630

8,434

6,760

5,116

-

3,851

3,213

-

General and administrative

5,510

5,184

5,068

9,762

1,949

-

1,290

1,318

-

Total operating expenses

21,867

19,252

15,992

19,495

9,558

-

6,985

6,325

-

NET INCOME FROM OPERATIONS

10,413

14,362

9,115

5,034

8,707

-

11,716

10,564

-

Loss on derivative instruments, net

0

-47

91

73

-685

-

-280

-555

-

Interest expense, net

-32

-449

-65

-1,270

-3,825

-

-2,902

-652

-

Loss on extinguishment of debt

-

-

0

-6,933

-

-

0

0

-

Gain (loss) on sale and distribution of equity securities

-

-

0

0

-

-

0

0

-

Other income, net

2

4

130

6

29

-

47

6

-

Income before income taxes

10,383

13,911

9,271

-3,090

4,226

-

8,581

9,363

-

Income from equity method investment

-

-

-

-

-

-

-

-

1,354

Income tax expense

1,582

1,603

807

100

190

-112

400

12

0

NET INCOME

8,801

12,346

8,464

-3,207

4,036

13,957

8,153

9,351

1,354

Less: net income attributable to predecessor

0

-

-

-

3,502

-

-

-

-

Less: net income attributable to temporary equity

4,095

7,269

5,318

-2,941

0

-

0

0

-

Net income attributable to Brigham Minerals, Inc. shareholders

4,706

5,077

3,146

-1,856

534

-

891

0

-

NET INCOME PER COMMON SHARE
Basic (in dollars per share)

0.14

0.24

0.14

-0.12

0.00

-

0.00

0.00

-

Diluted (in dollars per share)

0.14

0.24

0.14

-0.12

0.00

-

0.00

0.00

-

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)

33,979

51,823

21,838

17,819

0

-

0

0

-

Diluted (in shares)

33,979

28,094

21,926

41,460

0

-

0

0

-

Unaudited supplemental pro forma tax expense (See Note 1 - Organization and Basis of Presentation)

-

-

-

-

-

-

-

-

311

Unaudited supplemental pro forma net income

-

-

-

-

-

-

-

-

1,043

Brigham Resources, LLC
Mineral and royalty revenues

-

-

-

-

-

-

-

-

11,864

Lease bonus and other revenues

-

-

-

-

-

-

-

-

2,219

Total revenues

-

-

-

-

-

-

-

-

14,083

Gathering, transportation and marketing

-

-

-

-

-

-

-

-

1,095

Severance and ad valorem taxes

-

-

-

-

-

-

-

-

760

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

2,545

General and administrative

-

-

-

-

-

-

-

-

1,464

Total operating expenses

-

-

-

-

-

-

-

-

5,864

Income from operations

-

-

-

-

-

-

-

-

8,219

Loss on derivative instruments, net

-

-

-

-

-

-

-

-

-359

Interest expense, net

-

-

-

-

-

-

-

-

-474

Gain on sale and distribution of equity securities

-

-

-

-

-

-

-

-

823

Other income, net

-

-

-

-

-

-

-

-

3

Income before income taxes

-

-

-

-

-

-

-

-

8,212

Income from equity method investment

-

-

-

-

-

-

-

-

1,354

Income tax expense

-

-

-

-

-

-

-

-

16

Net Income

-

-

-

-

-

-

-

-

8,196

Predecessor
Net Income (Loss) Attributable to Parent

-

-

0

-1,590

-

-

7,262

-9,351

-