Legacy Reserves

Legacy Reserves LP (NASDAQ – LGCY) is a master limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions of the United States. Our primary business objective is to generate stable cash flows from the acquisition and development of long-lived oil and natural gas properties, allowing us to support and increase quarterly cash distributions per unit over time.

Type
Public
HQ
Midland, US
Founded
2005
Size (employees)
328 (est)-13%
Legacy Reserves was founded in 2005 and is headquartered in Midland, US

Legacy Reserves Office Locations

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

Legacy Reserves Data and Metrics

Legacy Reserves Financial Metrics

Legacy Reserves's revenue was reported to be $99.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

99.5 m

Net income (Q1, 2017)

16.4 m

EBIT (Q1, 2017)

2.3 m

Market capitalization (25-Jul-2017)

93.7 m

Cash (31-Mar-2017)

1.9 m
Legacy Reserves's current market capitalization is $93.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

485.5 m532.3 m338.8 m314.4 m

Revenue growth, %

10%(36%)(7%)

Operating expense total

457.8 m889.2 m1.1 b399.4 m

EBIT

27.6 m(356.9 m)(725.7 m)(85 m)

EBIT margin, %

6%(67%)(214%)(27%)

Interest expense

50.1 m67.2 m76.9 m79.1 m

Interest income

776 k873 k329 k67 k

Pre tax profit

(34.6 m)(284.5 m)(703 m)(54.6 m)

Income tax expense

(649 k)859 k1.5 m(1.2 m)

Net Income

(35.3 m)(283.6 m)(701.5 m)(55.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

137.1 m149.7 m81.5 m87.8 m89.5 m65.9 m73.4 m83.5 m99.5 m

General and administrative expense

14.8 m8.3 m8.9 m10.4 m16.2 m9.4 m11 m9.2 m10.6 m

Operating expense total

14.8 m8.3 m8.9 m10.4 m16.2 m9.4 m11 m9.2 m10.6 m

EBIT

30.8 m27 m(233.2 m)(7.1 m)(123.7 m)(16.9 m)(14.1 m)(5 m)2.3 m

EBIT margin, %

22%18%(286%)(8%)(138%)(26%)(19%)(6%)2%

Interest expense

(16.2 m)(19.1 m)(17.8 m)(17.8 m)(23.4 m)(25.2 m)(20.3 m)(17.1 m)(20.1 m)

Interest income

216 k223 k206 k176 k(55 k)38 k16 k1 k

Pre tax profit

(16.2 m)64.1 m(229.6 m)(38 m)(90.1 m)105.7 m(52.2 m)(4.1 m)16.8 m

Income tax expense

(278 k)(278 k)747 k(456 k)(1 k)(400 k)(87 k)(223 k)(421 k)

Net Income

(16.5 m)63.8 m(228.9 m)(38.5 m)(90.1 m)105.3 m(52.3 m)(4.3 m)16.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.6 m725 k2 m2.6 m

Accounts Receivable

5.1 m

Inventories

3.7 m5.4 m4.3 m7.4 m

Current Assets

74.7 m192.3 m129.5 m82.8 m

Total Assets

1.7 b1.9 b1.6 b1.3 b

Accounts Payable

6 m2.8 m13.6 m9.1 m

Total Debt

1.2 b

Current Liabilities

93.9 m97.6 m81.1 m86.6 m

Total Liabilities

1.5 b

Debt to Assets Ratio

0.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

10.1 m3 m3.5 m3.7 m1.6 m5.3 m1.1 m2 m1.9 m

Current Assets

109.5 m126.5 m173.4 m127.2 m147.9 m125.8 m81.4 m96.9 m93.3 m

Total Assets

2.2 b2.3 b1.7 b1.6 b2 b1.5 b1.4 b1.4 b1.3 b

Accounts Payable

13.1 m1.3 m3.1 m1.4 m3.3 m2.7 m3.7 m5.4 m4.2 m

Current Liabilities

137.5 m123.4 m87.2 m69.9 m94.3 m71.4 m72.9 m85 m101.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Accounts Payable

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

Cash From Operating Activities

241.1 m207.2 m2 m(310 k)

Cash From Investing Activities

(209.4 m)(632.4 m)(377.4 m)120 m

Long-term Borrowings

(701 m)(1.3 b)(341 m)(376.4 m)

Cash From Financing Activities

(32.7 m)423.3 m376.7 m(119.1 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(16.5 m)63.8 m(228.9 m)(38.5 m)(90.1 m)105.3 m(52.3 m)(4.3 m)16.4 m

Accounts Payable

13.1 m1.3 m3.1 m1.4 m3.3 m2.7 m3.7 m5.4 m4.2 m
USDY, 2017

Revenue/Employee

303.5 k

Legacy Reserves Market Value History

Legacy Reserves Company Life and Culture

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