Rice Energy

We are an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin. We are focused on creating shareholder value by identifying and assembling a portfolio of low-risk assets with attractive economic profiles and leveraging our technical and managerial expertise to deliver industry-leading results. We strive to be an early entrant into the core of a shale play by identifying what we believe to be the core of the play and aggressively executing our acquisition strategy to establish a largely contiguous acreage position. We believe we were an early identifier of the core of both the Marcellus Shale in southwestern Pennsylvania and the Utica Shale in southeastern Ohio.
Company Growth (employees)
Type
Public
HQ
Canonsburg, US
Founded
2007
Size (employees)
467 (est)
Rice Energy was founded in 2007 and is headquartered in Canonsburg, US

Rice Energy Office Locations

Rice Energy has an office in Canonsburg

Rice Energy Data and Metrics

Rice Energy Financial Metrics

Rice Energy's revenue was reported to be $393.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

393.8 m

Net income (Q1, 2017)

(1.5 m)

EBIT (Q1, 2017)

42.2 m

Market capitalization (17-Aug-2017)

5.5 b

Cash (31-Mar-2017)

431 m
Rice Energy's current market capitalization is $5.5 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

390.9 m390.9 m390.9 m

R&D expense

4.2 m4 m4 m

General and administrative expense

56 m61.6 m61.6 m

Operating expense total

401.4 m401.4 m401.4 m

EBIT

(10.4 m)(10.4 m)(10.4 m)

EBIT margin, %

(3%)(3%)(3%)

Interest expense

(50.2 m)(50.2 m)(50.2 m)

Pre tax profit

310.6 m310.6 m310.6 m

Income tax expense

(91.6 m)(91.6 m)(91.6 m)

Net Income

219 m(268 m)(248.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

91.9 m79.1 m109.5 m112.9 m143.6 m139.9 m156 m198.9 m393.8 m

R&D expense

473 k747 k739 k356 k830 k990 k5.5 m3.4 m4 m

General and administrative expense

14.8 m10.5 m17.5 m20.4 m24.1 m24.9 m29.3 m30 m33.8 m

Operating expense total

15.3 m11.2 m18.2 m20.8 m24.9 m25.9 m34.8 m33.4 m37.8 m

EBIT

24.4 m(12.3 m)(31.1 m)(46.2 m)(17.6 m)(47.4 m)(33.8 m)15.9 m42.2 m

EBIT margin, %

27%(16%)(28%)(41%)(12%)(34%)(22%)8%11%

Interest expense

(15.9 m)(15.8 m)(16.1 m)(23.4 m)(23.9 m)(24.5 m)(24.8 m)(24.4 m)(27 m)

Pre tax profit

(12.5 m)7.1 m13.2 m(73.5 m)84.9 m(3.1 m)(259.2 m)172.2 m(2.1 m)

Income tax expense

4.6 m(14 m)(8.5 m)10 m(19.8 m)6.4 m120.5 m(81.1 m)576 k

Net Income

(7.9 m)(6.9 m)4.7 m(63.5 m)65.1 m3.3 m(138.7 m)91.1 m(1.5 m)
USDFY, 2014FY, 2015FY, 2016

Cash

256.1 m151.9 m470 m

Accounts Receivable

199.9 m154.8 m218.6 m

Inventories

3.7 m

Current Assets

592.5 m499.2 m694.4 m

PP&E

2.5 b3.2 b6.1 b

Goodwill

334.1 m39.1 m879 m

Total Assets

3.5 b4 b7.8 b

Accounts Payable

152.3 m83.6 m18.2 m

Total Debt

900.7 m1.5 b

Current Liabilities

436.7 m300.3 m532.7 m

Total Liabilities

2.5 b

Additional Paid-in Capital

1.4 b1.4 b3.3 b

Debt to Assets Ratio

0.3 x0.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

471.5 m132 m349.1 m256.7 m216.1 m355.1 m565.5 m1.3 b431 m

Accounts Receivable

78.7 m136.6 m254.4 m245.4 m224.3 m147 m175.5 m161 m240.1 m

Current Assets

572.3 m280.4 m755.1 m637 m603.8 m717 m780.1 m1.5 b679.7 m

PP&E

10 m13.6 m2.7 b2.9 b3.1 b3.4 b3.5 b3.6 b6.2 b

Goodwill

338 m338 m334.1 m334.1 m334.1 m39.1 m39.1 m39.1 m879 m

Total Assets

2.5 b2.9 b4 b4 b4.2 b4.3 b4.4 b5.6 b8 b

Accounts Payable

53.2 m95.2 m141.1 m110.4 m125.6 m38 m19.5 m16.5 m50.5 m

Current Liabilities

211.4 m371.6 m415.3 m422.4 m448.9 m274.7 m233.5 m267.2 m665.6 m

Additional Paid-in Capital

1.4 b1.4 b1.4 b1.4 b1.8 b2.8 b3.3 b

Retained Earnings

(155.6 m)(312.3 m)(237.9 m)(434 m)
USDFY, 2014FY, 2015FY, 2016

Net Income

219 m(268 m)(248.8 m)

Depreciation and Amortization

156.3 m322.8 m368.5 m

Accounts Receivable

72 k(203 k)(11.5 m)

Inventories

139 k47 k

Accounts Payable

4.7 m(18.4 m)(52.8 m)

Cash From Operating Activities

224.5 m(104.2 m)485.9 m

Capital Expenditures

(11 m)(1.2 b)(880.5 m)

Cash From Investing Activities

(1.5 b)(1.2 b)(1.9 b)

Cash From Financing Activities

1.6 b699.8 m1.7 b

Free Cash Flow

213.5 m(1.4 b)(394.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(7.9 m)(6.9 m)4.7 m(63.5 m)65.1 m3.3 m(138.7 m)91.1 m(1.5 m)

Depreciation and Amortization

32.6 m33.9 m62.6 m76.1 m89.3 m79.2 m84.8 m83.2 m136.9 m

Accounts Receivable

78.7 m136.6 m254.4 m245.4 m224.3 m147 m175.5 m161 m240.1 m

Accounts Payable

53.2 m95.2 m141.1 m110.4 m125.6 m38 m19.5 m16.5 m50.5 m
USDY, 2017

Revenue/Employee

843.3 k

Rice Energy Market Value History

Traffic Overview of Rice Energy

Rice Energy Online and Social Media Presence

Rice Energy News and Updates

Breakingviews: Rice Energy Acquisition Shows Limits of Natural Gas Deals

Despite some benefits from the deal, a 7 percent drop in the value of Rice’s shares on Tuesday morning suggests that investors have reservations.

Energy stocks are diving (CHK, RICE)

The energy sector is down 1.1% on Tuesday morning, making it the worst performing sector in the S&P 500. Falling oil prices are a drag as Brent crude oil, the international benchmark, is down 2.8% to $44.63 as of 10:45 a.m. ET on worries expectations of any sort of OPEC …

Rice Energy Says It’s Buying Vantage Energy for about $2.7 Billion

Yet another major energy sector acquisition this month.

Stocks rise, led by tech and consumer companies

U.S. stocks are rising in Tuesday morning trading as technology and consumer companies move higher. Energy companies are falling as the price of oil returns some of Monday's gains. Bond prices continue to rise and yields continue to slip. The Dow Jones industrial average was up 72 points, or 0.4…

Wall St. Edges Up as Oil Prices Slump

Waning expectations of an OPEC oil supply freeze weighed heavily on prices, and shares of energy companies dropped as a result.

Term Sheet — Tuesday, September 27

Term Sheet

Rice Energy Company Life and Culture

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