Legacy Reserves is a master limited partnership, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions. Its primary business objective is to generate stable cash flows from the acquisition and development of long-lived oil and natural gas properties, allowing the Company to support and increase quarterly cash distributions per unit over time. 

Employee Rating

3.9More
TypePublic
HQMidland, US
Founded2005
Size (employees)331 (est)
Websitelegacylp.com
Legacy Reserves was founded in 2005 and is headquartered in Midland, US
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Legacy Reserves Office Locations

Legacy Reserves has an office in Midland
Midland, (HQ)
1800 303 W Wall St
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Legacy Reserves Financials and Metrics

Legacy Reserves Revenue

Legacy Reserves's revenue was reported to be $436.30 m in FY, 2017
USD

Revenue (Q2, 2018)

276.8m

Net income (Q2, 2018)

13.7m

EBIT (Q2, 2018)

29.3m

Market capitalization (4-Dec-2018)

213.9m

Closing stock price (4-Dec-2018)

2.0

Cash (30-Jun-2018)

5.9m

EV

992.8m
Legacy Reserves's current market capitalization is $213.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

485.5m532.3m338.8m314.4m436.3m

Revenue growth, %

10%(36%)(7%)

General and administrative expense

28.9m46.5m43.6m49.4m

Operating expense total

457.8m1.1b399.4m418.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

136.2m125.9m137.1m149.7m81.5m87.8m89.5m65.9m73.4m83.5m99.5m92.8m106.8m137.5m276.8m

General and administrative expense

7.9m7.6m14.8m8.3m8.9m10.4m16.2m9.4m11.0m9.2m10.6m8.6m10.0m24.1m46.6m

Operating expense total

95.3m95.5m106.3m122.7m314.7m94.9m213.2m82.7m87.5m88.6m97.3m98.1m103.9m95.5m247.5m

EBIT

40.9m30.4m30.8m27.0m(233.2m)(7.1m)(123.7m)(16.9m)(14.1m)(5.0m)2.3m(5.2m)2.9m41.9m29.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.6m725.0k2.0m2.6m1.2m

Accounts Receivable

5.1m

Inventories

3.7m5.4m4.3m7.4m

Current Assets

74.7m192.3m129.5m82.8m112.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

4.1m3.0m10.1m3.0m3.5m3.7m1.6m5.3m1.1m2.0m1.9m1.2m7.5m5.9m

Current Assets

80.2m85.4m109.5m126.5m173.4m127.2m147.9m125.8m81.4m96.9m93.3m103.3m97.7m109.9m118.6m

Total Assets

1.6b1.5b2.2b2.3b1.7b1.6b2.0b1.5b1.4b1.4b1.3b1.3b1.5b1.5b1.5b

Accounts Payable

6.1m8.1m13.1m1.3m3.1m1.4m3.3m2.7m3.7m5.4m4.2m9.0m5.6m3.4m6.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(35.3m)(283.6m)(701.5m)(55.8m)(53.9m)

Inventories

Accounts Payable

4.2m(3.2m)10.8m(4.5m)4.0m

Cash From Operating Activities

241.1m207.2m2.0m(310.0k)100.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

11.6m526.0k(16.0m)63.8m(228.9m)(267.3m)(357.4m)105.3m53.1m(4.3m)16.4m5.3m(28.6m)64.4m13.7m

Accounts Payable

4.2m13.1m1.3m3.1m1.4m3.3m(10.9m)3.7m5.4m4.2m

Cash From Operating Activities

201.5m60.2m103.8m206.0k1.7m(18.0m)(14.6m)35.1m72.9m54.0m115.0m

Cash From Investing Activities

(168.0m)(37.4m)(515.9m)54.4m(404.7m)84.5m117.9m(51.4m)(231.7m)(49.6m)(94.4m)
USDY, 2018

EV/EBIT

33.9 x

EV/CFO

8.6 x
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Legacy Reserves News and Updates

Legacy Reserves Inc. Announces Participation at the Bank of America Merrill Lynch Leveraged Finance Conference

MIDLAND, Texas, Nov. 28, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) announced today that Dan Westcott, President and Chief Financial Officer, and Kyle Hammond, Executive Vice President and Chief Operating Officer, will participate at the Bank of America Merrill...

Legacy Reserves Inc. Schedules Conference Call to Report 3rd Quarter 2018 Results

MIDLAND, Texas, Oct. 17, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (Nasdaq:LGCY) today announced it will provide details of its third quarter 2018 operating and financial performance with its earnings report which is scheduled to be released on Wednesday, October 31, 2018,...

Legacy Reserves LP Announces Exchange of $130 Million of Senior Notes for New Convertible Senior Notes

MIDLAND, Texas, Sept. 14, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announces that Legacy, Legacy Reserves Finance Corporation (together with Legacy, the "Issuers") and Legacy Reserves Inc. ("New Legacy") entered into privately negotiated exchange agreements...

Legacy Reserves LP Announces Final Court Approval of Delaware Merger Litigation Settlement

MIDLAND, Texas, Sept. 12, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) today announced that the Delaware Chancery Court (the "Court") has granted final approval of the previously-announced merger litigation settlement agreement. Under the agreement, holders of...

Legacy Reserves LP Announces Participation at the EnerCom Oil & Gas Conference

MIDLAND, Texas, Aug. 16, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) announced today that Paul Horne, Chairman and Chief Executive Officer, and Dan Westcott, President and Chief Financial Officer, will participate at the EnerCom Oil & Gas Conference held in Denver,...
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Legacy Reserves Company Life and Culture

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Legacy Reserves Frequently Asked Questions

  • When was Legacy Reserves founded?

    Legacy Reserves was founded in 2005.

  • How many employees does Legacy Reserves have?

    Legacy Reserves has 331 employees.

  • What is Legacy Reserves revenue?

    Latest Legacy Reserves annual revenue is $436.3 m.

  • What is Legacy Reserves revenue per employee?

    Latest Legacy Reserves revenue per employee is $1.3 m.

  • Who are Legacy Reserves competitors?

    Competitors of Legacy Reserves include EQT GP Holdings, Devon Energy and Spectra Energy Partners.

  • Where is Legacy Reserves headquarters?

    Legacy Reserves headquarters is located at 1800 303 W Wall St, Midland.

  • Where are Legacy Reserves offices?

    Legacy Reserves has an office in Midland.

  • How many offices does Legacy Reserves have?

    Legacy Reserves has 1 office.