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. 

Type
Public
HQ
Midland, US
Founded
2005
Size (employees)
328 (est)
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, US (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 $314.36 m in FY, 2016 which is a 7.2% decrease from the previous period.
USD

Revenue (Q1, 2018)

137.5 m

Net income (Q1, 2018)

64.4 m

EBIT (Q1, 2018)

41.9 m

Market capitalization (11-Jul-2018)

463.7 m

Closing share price (11-Jul-2018)

6
Legacy Reserves's current market capitalization is $463.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

485.5 m532.3 m338.8 m314.4 m

Revenue growth, %

10%(36%)(7%)

EBIT

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

EBIT margin, %

6%(67%)(214%)(27%)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

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

General and administrative expense

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

Operating expense total

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

EBIT

40.9 m30.4 m30.8 m27 m(233.2 m)(7.1 m)(123.7 m)(16.9 m)(14.1 m)(5 m)2.3 m(5.2 m)41.9 m
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

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

Current Assets

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

Total Assets

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

Accounts Payable

6.1 m8.1 m13.1 m1.3 m3.1 m1.4 m3.3 m2.7 m3.7 m5.4 m4.2 m9 m3.4 m
Annual
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)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(3.4 m)526 k(16.5 m)63.8 m(228.9 m)(267.3 m)(357.4 m)105.3 m(52.3 m)(4.3 m)16.4 m64.4 m

Accounts Payable

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

Cash From Operating Activities

206 k1.7 m54 m

Cash From Investing Activities

54.4 m(404.7 m)(49.6 m)
USDY, 2018

Revenue/Employee

419.1 k
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Legacy Reserves Company Life and Culture

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