Mid-Con Energy Partners

Mid-Con Energy Partners, LP (NASDAQ - MCEP) is a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery ("EOR"). Our management team has significant industry experience, especially with waterflood projects and, as a result, our operations focus primarily on enhancing the development of producing oil properties through waterflooding.

Our primary business objective is to generate stable cash flow, which will allow us to make quarterly cash distributions to our unitholders at the initial quarterly distribution rate and, over time, to increase our quarterly cash distributions. To achieve our objective, we intend to execute the following business strategies:

Continue exploitation of our existing properties to maximize production;
Pursue acquisitions of long-lived, low-risk producing properties with upside potential;
Capitalize on our relationship with the Mid-Con Energy Partners' private affiliates for favorable acquisition opportunities;
Maintain operational control and a focus on cost-effectiveness in all our operations;
Reduce the impact of commodity price volatility on our cash flow through disciplined commodity hedging strategies;
Maintain a balanced capital structure to allow for financial flexibility to execute our business strategies; and
Utilize compensation programs that align the interest of our management team with our unitholders.

Type
Public
HQ
Tulsa, US
Founded
2011
Size (employees)
70 (est)-22%
Mid-Con Energy Partners was founded in 2011 and is headquartered in Tulsa, US

Mid-Con Energy Partners Office Locations

Mid-Con Energy Partners has an office in Tulsa
Tulsa, US (HQ)
850 2431 E 61st St

Mid-Con Energy Partners Metrics

Mid-Con Energy Partners Financial Metrics

Mid-Con Energy Partners's revenue was reported to be $43.9 m in FY, 2016 which is a 54% decrease from the previous period.

Revenue (FY, 2016)

$43.9 m

Revenue growth (FY, 2015 - FY, 2016), %

(54%)

Net income (FY, 2016)

($24.8 m)

EBIT (FY, 2016)

($17.3 m)

Market capitalization (19-May-2017)

$64.1 m

Closing share price (19-May-2017)

$2

Cash (31-Dec-2016)

$2.4 m
Mid-Con Energy Partners's current market capitalization is $64.1 m.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$80.1 m$126.3 m$96.3 m$43.9 m

Revenue growth, %

58%(24%)(54%)

Operating expense total

$48.6 m$99.1 m$185 m$60.6 m

EBIT

$31.5 m$27.2 m($88.8 m)($17.3 m)

EBIT margin, %

39%22%(92%)(39%)

Interest expense

($3.3 m)($4.7 m)($7.3 m)($7.5 m)

Interest income

$12 k

Net Income

$28.2 m$22.5 m($95.5 m)($24.8 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$1.4 m$3.2 m$615 k$2.4 m

Accounts Receivable

Inventories

Current Assets

$8.7 m$42.2 m$35.2 m$8.6 m

Total Assets

$190.1 m$454.6 m$327.1 m$276.3 m

Accounts Payable

Current Liabilities

$7.2 m$8 m$33.9 m$9.1 m

Total Equity

$66.8 m$234.1 m$130.5 m$111.7 m

Financial Leverage

2.8 x1.9 x2.5 x2.5 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$28.2 m$22.5 m($95.5 m)($24.8 m)

Depreciation and Amortization

$14.4 m$21.9 m$34.2 m$23.1 m

Accounts Receivable

($365 k)($1.3 m)$3.5 m($751 k)

Inventories

Accounts Payable

Cash From Operating Activities

$56.6 m$50.5 m$48.4 m$43.9 m

Cash From Investing Activities

($50.4 m)($189.3 m)($13.9 m)($8.5 m)

Cash From Financing Activities

($5.8 m)$140.7 m($37.1 m)($33.7 m)

Interest Paid

$2.8 m$4.6 m$6.1 m
Y, 2016

Revenue/Employee

$487.7 k

Financial Leverage

2.5 x

Mid-Con Energy Partners Market Value History

Mid-Con Energy Partners Company Life

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