WPX Energy, Inc. WPX Income Statement

Wpx energy, inc. (WPX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Revenues:
Oil and condensate sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,000
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
869,000	-199,000	175,000	78,000	-207,000	443,000	-139,000	-154,000	-69,000	-210,000	-106,000	116,000	203,000	-148,000	38,000	-154,000	57,000	179,000	205,000	-71,000	105,000	498,000	148,000	-17,000	-195,000	-93,000	-15,000	78,000	-94,000	15,000	-22,000	71,000	14,000	9,000	12,000	6,000	2,000
Other Income
3,000	2,000	1,000	1,000	0	-	1,000	0	-	-	0	-	-	0	0	0	1,000	0	4,000	0	2,000	3,000	1,000	3,000	1,000	-13,000	5,000	7,000	4,000	0	-1,000	5,000	3,000	3,000	2,000	3,000	3,000
Total revenues
1,398,000	443,000	795,000	695,000	359,000	1,022,000	484,000	430,000	374,000	155,000	145,000	350,000	395,000	-127,000	251,000	138,000	216,000	132,000	407,000	154,000	420,000	155,000	747,000	727,000	894,000	-557,000	616,000	815,000	631,000	538,000	677,000	775,000	910,000	970,000	995,000	959,000	958,000
Costs and expenses:
Depreciation, depletion and amortization
259,000	247,000	241,000	221,000	219,000	226,000	193,000	197,000	161,000	155,000	133,000	141,000	113,000	-24,000	150,000	163,000	152,000	-26,000	136,000	123,000	117,000	-233,000	201,000	202,000	193,000	-334,000	230,000	227,000	231,000	165,000	243,000	248,000	228,000	232,000	239,000	224,000	207,000
Lease and facility operating
101,000	98,000	96,000	94,000	86,000	90,000	68,000	59,000	55,000	46,000	45,000	41,000	36,000	-5,000	40,000	41,000	42,000	-14,000	34,000	32,000	35,000	-39,000	63,000	59,000	60,000	-109,000	70,000	73,000	75,000	0	68,000	67,000	67,000	68,000	70,000	61,000	63,000
Taxes other than income
42,000	50,000	46,000	43,000	39,000	41,000	45,000	41,000	30,000	28,000	19,000	19,000	13,000	2,000	14,000	16,000	11,000	-3,000	14,000	16,000	15,000	-12,000	32,000	33,000	35,000	-36,000	33,000	36,000	35,000	-10,000	23,000	25,000	30,000	29,000	32,000	43,000	30,000
Exploration (Note 4)
67,000	25,000	22,000	24,000	24,000	21,000	18,000	17,000	19,000	18,000	17,000	16,000	36,000	-5,000	10,000	12,000	9,000	-2,000	56,000	6,000	7,000	4,000	28,000	54,000	15,000	357,000	21,000	20,000	19,000	11,000	22,000	19,000	19,000	26,000	74,000	14,000	12,000
General and administrative (including equity-based compensation of $9 million and $8 million for the respective periods)
51,000	60,000	51,000	48,000	47,000	51,000	44,000	44,000	43,000	41,000	40,000	44,000	41,000	43,000	51,000	55,000	53,000	49,000	45,000	53,000	54,000	16,000	71,000	70,000	67,000	5,000	67,000	74,000	72,000	59,000	67,000	71,000	68,000	75,000	70,000	63,000	67,000
Impairment of costs of acquired unproved reserves
967,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	-	-	-	0	65,000	52,000	-	-	-	-
Loss On Sale Of Working Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	195,000	-	-	0	0	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of assets (Note 4)
-	-	-	-	-	-	-	-	-	-311,000	112,000	7,000	31,000	-190,000	227,000	4,000	198,000	-628,000	2,000	208,000	69,000	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition Costs, Period Cost
27,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gas management, including charges for unutilized pipeline capacity (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191,000	164,000	233,000	391,000	261,000	201,000	222,000	243,000	247,000	200,000	194,000	355,000	351,000	359,000	344,000	417,000
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other—net
14,000	1,000	12,000	3,000	2,000	2,000	1,000	1,000	3,000	0	4,000	7,000	4,000	1,000	10,000	2,000	2,000	31,000	8,000	3,000	22,000	7,000	3,000	1,000	2,000	3,000	1,000	1,000	7,000	6,000	5,000	-2,000	5,000	-4,000	-1,000	4,000	1,000
Total costs and expenses
1,624,000	573,000	553,000	514,000	508,000	497,000	458,000	433,000	368,000	295,000	155,000	275,000	222,000	189,000	552,000	437,000	126,000	-12,000	374,000	99,000	307,000	-425,000	645,000	925,000	852,000	667,000	730,000	764,000	789,000	539,000	752,000	807,000	959,000	1,268,000	973,000	874,000	909,000
Operating income (loss)
-226,000	-130,000	242,000	181,000	-149,000	525,000	26,000	-3,000	6,000	-140,000	-10,000	75,000	173,000	-316,000	-301,000	-299,000	90,000	144,000	33,000	55,000	113,000	580,000	102,000	-198,000	42,000	-1,224,000	-114,000	51,000	-158,000	-1,000	-75,000	-32,000	-49,000	-298,000	22,000	85,000	49,000
Interest expense
48,000	40,000	38,000	40,000	41,000	40,000	38,000	39,000	46,000	47,000	48,000	46,000	47,000	48,000	49,000	53,000	57,000	57,000	65,000	32,000	33,000	35,000	31,000	28,000	29,000	26,000	28,000	28,000	26,000	25,000	25,000	26,000	26,000	20,000	0	48,000	49,000
Gain (Loss) on Extinguishment of Debt
-	-	-47,000	0	-	-	0	-71,000	-	-	-17,000	0	-	-	0	-	-	-	-65,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity method investment transaction
0	7,000	0	247,000	126,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
3,000	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income (loss) and other
4,000	-4,000	4,000	1,000	0	4,000	-2,000	1,000	-1,000	-1,000	2,000	0	2,000	1,000	0	-1,000	2,000	-4,000	0	1,000	1,000	1,000	0	0	0	-39,000	4,000	9,000	7,000	-24,000	7,000	8,000	10,000	7,000	7,000	6,000	6,000
Interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000	-	-2,000	-3,000	-2,000	-1,000	0	-4,000	-4,000
Income (loss) from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-226,000	13,000	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations before income taxes
-267,000	-	161,000	389,000	-62,000	-	-14,000	-112,000	-41,000	-	-73,000	29,000	128,000	-	-350,000	-353,000	35,000	-	-97,000	24,000	81,000	-	71,000	-226,000	-	-	-137,000	33,000	-176,000	-	-91,000	-47,000	-63,000	-310,000	29,000	47,000	10,000
Provision (benefit) for income taxes
-61,000	-39,000	39,000	84,000	-14,000	130,000	-8,000	-33,000	-15,000	-168,000	305,000	-298,000	33,000	-133,000	-132,000	-130,000	35,000	48,000	-27,000	1,000	29,000	192,000	25,000	-82,000	13,000	-486,000	-29,000	11,000	-63,000	-13,000	-28,000	-18,000	-25,000	-104,000	10,000	17,000	3,000
Income (loss) from continuing operations
-206,000	-121,000	122,000	305,000	-48,000	353,000	-6,000	-79,000	-26,000	-20,000	-378,000	327,000	95,000	-231,000	-218,000	-223,000	0	35,000	-70,000	23,000	52,000	354,000	46,000	-144,000	0	-	-108,000	-	-	-44,000	-63,000	-29,000	-38,000	-	19,000	30,000	-
Income (loss) from discontinued operations
-180,000	-1,000	-1,000	0	0	1,000	-1,000	-2,000	-89,000	-18,000	232,000	-251,000	-3,000	59,000	-1,000	25,000	-12,000	-1,569,000	-160,000	-53,000	16,000	-135,000	20,000	11,000	19,000	-	-8,000	-	-	-60,000	2,000	23,000	-2,000	-129,000	-3,000	-2,000	-8,000
Net loss
-386,000	-	-	-	-48,000	-	-	-	-	-	-	-	-	-	-	-	-	-1,534,000	-230,000	-30,000	68,000	219,000	66,000	-133,000	19,000	-984,000	-116,000	22,000	-113,000	-104,000	-61,000	-6,000	-40,000	-335,000	16,000	28,000	-1,000
Net Income (Loss) Attributable to Noncontrolling Interest
2,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000	0	4,000	2,000	1,000	-11,000	-2,000	4,000	3,000	2,000	3,000	4,000	3,000	3,000	2,000	3,000	2,000
Net loss attributable to WPX Energy, Inc.
-388,000	-122,000	121,000	305,000	-48,000	354,000	-7,000	-81,000	-115,000	-38,000	-146,000	76,000	92,000	-172,000	-219,000	-198,000	-12,000	-	-	-	-	-	-	-135,000	18,000	-973,000	-114,000	18,000	-116,000	-106,000	-64,000	-10,000	-43,000	-338,000	14,000	25,000	-3,000
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-230,000	-30,000	67,000	-	62,000	-135,000	18,000	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends, income statement impact
-	-	0	0	-	0	0	4,000	4,000	4,000	3,000	4,000	4,000	3,000	4,000	6,000	5,000	5,000	4,000	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock conversions, inducements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to common stockholders,
-	-	121,000	305,000	-	354,000	-7,000	-85,000	-119,000	-42,000	-149,000	72,000	88,000	-175,000	-245,000	-204,000	-17,000	-1,539,000	-234,000	-30,000	67,000	-	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts available to WPX Energy, Inc. common stockholders
Amounts attributable to WPX Energy, Inc. common stockholders:
Income (loss) from continuing operations attributable to WPX Energy, Inc. common stockholders for basic and diluted earnings (loss) per common share
-208,000	-121,000	122,000	305,000	-48,000	353,000	-6,000	-83,000	-30,000	-24,000	-381,000	323,000	91,000	-234,000	-244,000	-229,000	-5,000	30,000	-74,000	23,000	52,000	354,000	46,000	-144,000	0	-	-	-	-	-	-	-	-	-	-	-	7,000
Income (loss) from discontinued operations
-180,000	-1,000	-1,000	0	0	1,000	-1,000	-2,000	-89,000	-18,000	232,000	-251,000	-3,000	59,000	-1,000	25,000	-12,000	-1,569,000	-160,000	-53,000	15,000	-135,000	16,000	9,000	18,000	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings (loss) per common share:
Income (loss) from continuing operations, per basic share
-	-	0.29	-	-	-	-0.01	-	-0.07	-0.07	-0.96	0.81	0.24	-0.78	-0.72	-0.76	-0.02	0.05	-0.29	0.11	0.26	-	-	-	0.00	-	-	0.09	-0.58	-	-	-	-	-	-	-	-
Discontinued operation, income (loss) from discontinued operation, net of tax, per basic share
-	-	0.00	-	-	-	0.00	-	-0.23	-0.04	0.58	-0.63	-0.01	0.19	0.00	0.08	-0.04	-6.73	-0.64	-0.25	0.07	-	-	-	0.09	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share, basic
-	-	0.29	-	-	-	-0.01	-	-0.30	-0.11	-0.38	0.18	0.23	-0.59	-0.72	-0.68	-0.06	-6.68	-0.93	-0.14	0.33	-	-	-	0.09	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Basic and Diluted Share
-0.46	-	-	0.72	-0.11	-	-	-0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.23	-0.71	-	-	-0.53	-	-	-	-0.33	-0.17	-0.21	-1.06	0.09	0.13	0.03
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic and Diluted Share
-0.39	-	-	0.00	0.00	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic and Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.05	-	-	-0.04	-	-	-	0.01	0.12	-0.01	-0.65	-0.02	0.00	-0.05
Earnings Per Share, Basic and Diluted, Total
-0.85	-	-	0.72	-0.11	-	-	-0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	-0.66	-	-	-0.57	-	-	-	-0.32	-0.05	-0.22	-1.71	0.07	0.13	-0.02
Basic weighted-average shares
-	-	420,800	422,500	-	421,000	414,000	400,000	398,600	398,200	398,100	397,800	386,300	334,900	341,500	300,700	276,100	276,500	251,200	205,000	204,100	-	203,300	-	201,500	201,000	200,700	200,400	199,900	-	-	198,900	-	-	-	-	-
Diluted earnings (loss) per common share:
Income (loss) from continuing operations, per diluted share
-	-	0.29	-	-	-	-0.01	-	-0.07	-0.02	-0.96	0.77	0.23	-0.78	-0.72	-0.76	-0.02	0.06	-0.29	0.11	0.25	-	-	-	0.00	-	-	0.09	-0.58	-	-	-	-	-	-	-	-
Discontinued operation, income (loss) from discontinued operation, net of tax, per diluted share
-	-	0.00	-	-	-	0.00	-	-0.23	-0.07	0.58	-0.60	-0.01	0.19	0.00	0.08	-0.04	-6.68	-0.64	-0.25	0.07	-	-	-	0.09	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share, diluted
-	-	0.29	-	-	-	-0.01	-	-0.30	-0.09	-0.38	0.17	0.22	-0.59	-0.72	-0.68	-0.06	-6.62	-0.93	-0.14	0.32	-	-	-	0.09	-	-	-	-	-	-	-	-	-	-	-	-
Diluted weighted-average shares(a)
-	-	421,800	423,500	-	434,200	414,000	400,000	398,600	357,900	398,100	423,200	410,400	334,900	341,500	300,700	276,100	278,500	251,200	206,800	205,900	-	207,500	-	205,200	197,600	200,700	203,800	199,900	-	199,100	198,900	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic and Diluted
458,000	-	-	-	421,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	202,700	-	-	-	-	-	-	199,100	-	198,100	-	197,100	197,100	-
Oil and Condensate [Member]
Revenue from Customers
465,000	551,000	539,000	511,000	449,000	459,000	503,000	468,000	360,000	308,000	218,000	194,000	159,000	73,000	139,000	142,000	97,000	-3,000	120,000	138,000	112,000	127,000	199,000	194,000	149,000	2,000	183,000	151,000	139,000	30,000	118,000	122,000	106,000	-	84,000	83,000	-
Natural Gas, Production [Member]
Revenue from Customers
13,000	18,000	16,000	16,000	25,000	36,000	18,000	16,000	17,000	21,000	13,000	16,000	17,000	-51,000	37,000	24,000	25,000	-75,000	37,000	26,000	41,000	-498,000	201,000	262,000	317,000	-534,000	210,000	316,000	267,000	193,000	331,000	312,000	357,000	423,000	440,000	423,000	408,000
Natural Gas Liquids [Member]
Revenue from Customers
24,000	32,000	26,000	31,000	33,000	49,000	33,000	36,000	30,000	27,000	16,000	16,000	11,000	-6,000	12,000	10,000	5,000	-7,000	6,000	5,000	3,000	-148,000	53,000	54,000	61,000	-159,000	57,000	58,000	54,000	61,000	65,000	78,000	93,000	106,000	110,000	107,000	85,000
Oil and Gas [Member]
Revenue from Customers
502,000	601,000	581,000	558,000	507,000	544,000	554,000	520,000	407,000	356,000	247,000	226,000	187,000	16,000	188,000	176,000	127,000	-85,000	163,000	169,000	156,000	-519,000	453,000	510,000	527,000	-691,000	450,000	525,000	460,000	284,000	514,000	512,000	556,000	622,000	634,000	613,000	545,000
Oil and Gas, Refining and Marketing [Member]
Revenue from Customers
24,000	39,000	38,000	58,000	59,000	36,000	68,000	64,000	36,000	8,000	4,000	8,000	5,000	5,000	25,000	116,000	31,000	38,000	35,000	56,000	157,000	173,000	145,000	231,000	561,000	240,000	176,000	205,000	261,000	239,000	186,000	187,000	337,000	336,000	347,000	337,000	408,000
Cost of Goods and Services Sold
34,000	37,000	36,000	41,000	49,000	26,000	63,000	54,000	39,000	10,000	4,000	8,000	5,000	6,000	31,000	132,000	39,000	51,000	43,000	58,000	109,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, Gathering, Transportation, Marketing and Processing [Member]
Cost of Goods and Services Sold
62,000	52,000	49,000	40,000	42,000	43,000	26,000	20,000	18,000	8,000	5,000	6,000	5,000	-43,000	19,000	20,000	16,000	-28,000	17,000	16,000	17,000	-178,000	82,000	78,000	89,000	-233,000	88,000	111,000	107,000	55,000	124,000	120,000	135,000	124,000	130,000	121,000	112,000