Brazos valley longhorn, l.l.c. (WRD)
Income statement / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Revenues and other income:
Oil sales

-

-

-

182,379

-

-

-

39,077

-

19,208

18,683

13,253

Natural gas sales

-

-

-

27,630

-

-

-

12,145

-

12,135

9,233

10,206

NGL sales

-

-

-

7,448

-

-

-

2,663

-

1,466

1,225

945

Other income

236

269

247

1,300

187

308

529

407

404

430

574

723

Total operating revenues and other income

243,726

259,490

225,413

218,757

180,236

122,486

70,173

54,292

39,261

33,239

29,715

25,127

Operating expenses:
Lease operating expenses

-

14,221

12,088

16,427

-

12,435

6,837

6,928

-

2,625

2,302

2,760

Gathering, processing and transportation

-

3,225

476

1,352

-

3,761

1,942

1,700

-

1,580

1,583

1,891

Gathering system operating expense

-

-

-

-

-

-

-

-

-

-19

64

54

Taxes other than income tax

13,657

14,193

12,779

11,781

9,703

6,047

4,509

3,899

1,760

1,797

1,785

1,472

Depreciation, depletion and amortization

91,266

74,842

70,694

59,883

56,735

51,843

33,229

26,443

20,353

19,418

19,923

22,063

Impairment of NLA Disposal Group (Note 3)

0

0

0

214,274

-

0

0

0

-

-

-

-

Gain on sale of properties

-

-217

3,167

-

-

0

0

-

-

-

-

-

General and administrative expenses

24,033

16,033

12,917

12,727

12,089

11,043

10,049

7,482

9,914

4,927

4,683

4,449

Incentive unit compensation expense

-

0

13,776

-

-

0

0

-

-

-

-

-

Exploration expense

2,592

13,814

4,369

1,708

19,043

4,749

11,504

1,615

3,050

1,453

80

7,443

Other operating expense

-126

-169

-111

-658

-20

-9

-25

-19

-

-

-

-

Total operating expenses

155,530

136,714

124,043

318,810

115,654

89,887

68,095

48,086

41,237

31,781

30,420

40,132

Income (loss) from operations

88,196

122,776

101,370

-100,053

64,582

32,599

2,078

6,206

-1,976

1,458

-705

-15,005

Other income (expense):
Interest expense, net

-17,092

-15,718

-14,002

-13,307

-10,981

-8,749

-6,633

-5,571

-2,225

-1,856

-1,781

-1,972

Debt extinguishment costs

-

-

-

0

-

-

-

11

-

0

0

-358

Gain (loss) on derivative instruments

262,926

-76,358

-110,805

-40,370

-92,602

-40,288

46,116

31,291

-18,077

3,670

-15,610

3,246

Other income (expense)

-587

-122

-13

-137

7

-12

-2

15

-1,741

-15

-74

12

Total other expense

245,247

-92,198

-124,820

-53,814

-110,587

-49,049

39,481

25,746

-21,685

1,799

-17,465

928

Income (loss) before income taxes

333,443

30,578

-23,450

-153,867

-46,005

-16,450

41,559

31,952

-23,661

3,257

-18,170

-14,077

Income tax benefit (expense)

68,590

19,055

-9,356

-38,093

-60,071

-5,646

15,193

11,700

-6,025

200

111

139

Net income (loss)

-

-

-

-

-

-

-

-

-17,636

3,057

-18,281

-14,216

Net loss attributable to previous owners

-

-

-

-

-

-

-

-

-60

5,161

-5,265

-2,517

Net loss attributable to predecessor

-

-

-

-

-

-

-

-

-7,179

-2,104

-13,016

-11,699

Net income (loss) available to WRD

264,853

11,523

-14,094

-115,774

14,066

-10,804

26,366

20,252

-

-

-

-

Preferred stock dividends

6,756

6,756

7,961

7,389

6,623

6,450

73

0

-

-

-

-

Undistributed earnings allocated to participating securities

-

1,233

0

-

-

0

387

-

-

-

-

-

Net income (loss) available to common stockholders

228,986

3,534

-22,055

-123,163

2,218

-17,254

25,906

20,252

-

-

-

-

Earnings per common share:
Basic

2.30

0.04

-0.22

-1.24

-0.01

-0.17

0.28

0.22

-

-

-

-

Diluted

2.30

0.04

-0.22

-1.24

-0.01

-0.17

0.28

0.22

-

-

-

-

Weighted-average common shares outstanding:
Basic

99,697

99,639

99,411

99,245

99,253

99,142

93,685

93,216

-

-

-

-

Diluted

99,697

99,639

99,411

99,245

99,253

99,142

93,685

93,216

-

-

-

-