SRC Energy

SRC Energy is an independent oil and gas company engaged in the acquisition, development, and production of oil and natural gas. The Company's drilling and completion activities are focused in the Wattenberg Field, predominantly in Weld County, Colorado, an area that covers the western flank of the D-J Basin. Currently, SRC Energy is focused on the horizontal development of the Codell and Niobrara formations, which are characterized by relatively high liquids content.

Type
Public
HQ
Denver, US
Founded
2008
Size (employees)
96 (est)+55%
SRC Energy was founded in 2008 and is headquartered in Denver, US

SRC Energy Office Locations

SRC Energy has an office in Denver
Denver, US (HQ)
300 1625 Broadway

SRC Energy Data and Metrics

SRC Energy Financial Metrics

SRC Energy's revenue was reported to be $45.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

45.1 m

Net income (Q1, 2017)

19.9 m

EBIT (Q1, 2017)

16.3 m

Market capitalization (18-Aug-2017)

1.5 b

Cash (31-Mar-2017)

33.2 m
SRC Energy's current market capitalization is $1.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.2 m104.2 m124.8 m107.1 m

Revenue growth, %

125%20%(14%)

Sales and marketing expense

3.4 m8 m15 m5.8 m

General and administrative expense

5.7 m10.1 m19 m17.9 m

Operating expense total

26.7 m60.8 m127.2 m173.6 m

EBIT

19.5 m43.5 m(2.4 m)(139.5 m)

EBIT margin, %

42%42%(2%)(130%)

Interest expense

(97 k)(245 k)

Interest income

47 k82 k86 k40 k

Pre tax profit

16.5 m43.9 m29.7 m(132.9 m)

Income tax expense

11.7 m(10 m)

Net Income

9.6 m28.9 m18 m(122.9 m)
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

25.7 m42.5 m23.7 m26 m26.1 m18.3 m23.9 m26.2 m45.1 m

Sales and marketing expense

2.3 m3 m3.7 m3.6 m3.8 m4.3 m6.8 m3.8 m3.7 m

General and administrative expense

1.9 m4.1 m4.1 m3.9 m14 m7.4 m7.5 m8.2 m8.2 m

Operating expense total

4.2 m7.2 m7.8 m7.5 m17.8 m11.7 m14.4 m12.1 m11.9 m

EBIT

11.3 m14.8 m(1.7 m)(3.1 m)(135.5 m)(53.1 m)(148.2 m)(19.7 m)16.3 m

EBIT margin, %

44%35%(7%)(12%)(519%)(290%)(619%)(75%)36%

Interest expense

(116 k)

Interest income

22 k31 k28 k33 k2 k167 k10 k11 k

Pre tax profit

10.3 m32.9 m7.9 m(4.3 m)(132.3 m)(51.4 m)(153.7 m)(19.2 m)19.9 m

Income tax expense

11.7 m3.2 m(1.8 m)(10 m)101 k5 k

Net Income

18.4 m21.2 m25.8 m23.3 m(122.3 m)(51.4 m)(153.8 m)(19.2 m)19.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.5 m34.8 m133.9 m18.6 m

Accounts Receivable

6.4 k126 m

Inventories

194 k310 k

Current Assets

92 m68.2 m166.8 m54.2 m

PP&E

198 m379.4 m

Goodwill

40.7 m40.7 m

Total Assets

291.2 m448.5 m746.4 m1 b

Accounts Payable

949 k1.7 m670 k52.5 m

Current Liabilities

41.4 m103.6 m73.7 m92.2 m

Total Liabilities

183.4 m

Additional Paid-in Capital

216.4 m265.8 m538.6 m1.1 b

Retained Earnings

(13.2 m)15.6 m33.7 m(308.5 m)

Total Equity

203.2 m281.5 m572.4 m840.7 m

Financial Leverage

1.4 x1.6 x1.3 x1.2 x
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017

Cash

48 m47.1 m218.5 m190.2 m78.6 m63.8 m33.2 m

Inventories

405 k

Current Assets

72.1 m112.4 m269.6 m229.1 m124.1 m106.9 m79.2 m

PP&E

322.9 m427.2 m552.5 m583 m

Goodwill

40.7 m40.7 m40.7 m

Total Assets

395.6 m545.1 m831.8 m819.5 m991.8 m992.6 m1.1 b

Accounts Payable

1.1 m354 k538 k1 m13.2 m8.7 m18.9 m

Current Liabilities

69.7 m115.9 m77.3 m63.9 m54.2 m72.5 m131.4 m

Additional Paid-in Capital

262.3 m276.9 m523.3 m533.1 m1.1 b1.1 b1.2 b

Retained Earnings

5.2 m36.8 m41.4 m38.9 m(294.5 m)(313.8 m)(288.7 m)

Total Equity

267.6 m313.7 m564.9 m572.1 m849.8 m833.1 m863.4 m

Financial Leverage

1.5 x1.7 x1.5 x1.4 x1.2 x1.2 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.6 m28.9 m18 m(122.9 m)

Accounts Receivable

5.7 m

Inventories

(16 k)(116 k)

Accounts Payable

4 m

Cash From Operating Activities

32.1 m74.9 m125.1 m20.1 m

Purchases of PP&E

(80.5 m)(155.6 m)(275.8 m)

Cash From Investing Activities

(140.5 m)(94.9 m)(269.6 m)(84.9 m)

Cash From Financing Activities

108.5 m35.3 m243.6 m(2.5 m)
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

18.4 m21.2 m25.8 m23.3 m(122.3 m)(51.4 m)(153.8 m)(19.2 m)19.9 m

Inventories

(211 k)(211 k)

Accounts Payable

2.3 m3.2 m24.4 m42.4 m97.7 m

Cash From Operating Activities

46.7 m34.4 m65.1 m86.9 m

Purchases of PP&E

(112.2 m)(66.1 m)(197.5 m)(241.9 m)

Cash From Investing Activities

(51.4 m)(72.4 m)(193.8 m)(238.2 m)

Cash From Financing Activities

33.2 m50.3 m312.4 m306.7 m
Y, 2017

Financial Leverage

1.3 x

SRC Energy Market Value History

Traffic Overview of SRC Energy

SRC Energy Company Life and Culture

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