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.

TypePublic
HQDenver, US
Founded2008
Size (employees)96 (est)
Websitesyrginfo.com
SRC Energy was founded in 2008 and is headquartered in Denver, US
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SRC Energy Office Locations

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

SRC Energy Revenue

SRC Energy's revenue was reported to be $107.15 m in FY, 2016 which is a 14.2% decrease from the previous period.
USD

Revenue (Q2, 2018)

294.3m

Net income (Q2, 2018)

115.4m

EBIT (Q2, 2018)

144.6m

Market capitalization (11-Oct-2018)

2.0b

Closing stock price (11-Oct-2018)

8.4

Cash (30-Jun-2018)

53.1m
SRC Energy's current market capitalization is $2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.2m104.2m124.8m107.1m

Revenue growth, %

125%20%(14%)

Sales and marketing expense

3.4m8.0m15.0m5.8m

General and administrative expense

5.7m10.1m19.0m17.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

19.3m23.0m25.7m42.5m23.7m26.0m26.1m18.3m23.9m26.2m45.1m75.0m294.3m

Sales and marketing expense

1.3m1.8m2.3m3.0m3.7m3.6m3.8m4.3m6.8m3.8m3.7m5.0m

General and administrative expense

3.2m1.8m1.9m4.1m4.1m3.9m14.0m7.4m7.5m8.2m8.2m7.6m9.6m19.0m

Operating expense total

12.0m13.6m14.4m27.8m25.4m29.1m161.7m71.4m172.2m45.9m28.8m48.5m69.9m149.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.5m34.8m133.9m18.6m

Accounts Receivable

6.4k126.0m

Inventories

194.0k310.0k

Current Assets

92.0m68.2m166.8m54.2m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

21.0m34.4m48.0m47.1m218.5m190.2m78.6m63.8m33.2m36.7m71.7m53.1m

Inventories

294.0k506.0k405.0k

Current Assets

76.7m72.9m72.1m112.4m269.6m229.1m124.1m106.9m79.2m108.7m191.1m163.2m

PP&E

261.5m276.0m322.9m427.2m552.5m583.0m2.0b2.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.6m28.9m18.0m(122.9m)

Inventories

(16.0k)(116.0k)

Accounts Payable

4.0m

Cash From Operating Activities

32.1m74.9m125.1m20.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

6.1m11.3m18.4m21.2m25.8m23.3m(122.3m)(51.4m)(153.8m)(19.2m)19.9m65.8m115.4m

Inventories

(100.0k)(312.0k)(211.0k)(211.0k)

Accounts Payable

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

Cash From Operating Activities

14.9m33.4m46.7m34.4m65.1m86.9m127.7m235.8m
USDY, 2018

Financial Leverage

1.6 x
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SRC Energy Blogs

SRC Energy Inc. Reports Second Quarter 2018 Financial and Operating Results

DENVER , Aug. 01, 2018 (GLOBE NEWSWIRE) -- SRC Energy Inc. (NYSE American: SRCI) (“SRC”, the “Company”, “we”, “us” or “our”), a U.S. oil and gas exploration and production company with operations focused on the Wattenberg Field in the Denver-Julesburg Basin , reports its financial and operating

Dan McSpirit

Dan McSpirit jo-en.bautista… Mon, 07/30/2018 - 14:08 Dan McSpirit BMO Capital Markets

Jeoffrey Lambujon

Jeoffrey Lambujon jo-en.bautista… Mon, 07/30/2018 - 14:08 Jeoffrey Lambujon Tudor Pickering & Co

Mark Lear

Mark Lear jo-en.bautista… Mon, 07/30/2018 - 14:08 Mark Lear Jefferies

Eli Kantor

Eli Kantor jo-en.bautista… Mon, 07/30/2018 - 13:58 Eli Kantor DIR Advisors

Kashy Harrison

Kashy Harrison jo-en.bautista… Mon, 07/30/2018 - 13:58 Kashy Harrison Piper Jaffray
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SRC Energy Company Life and Culture

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