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 (Q3, 2018)

161.0m

Net income (Q3, 2018)

62.6m

EBIT (Q3, 2018)

79.9m

Market capitalization (18-Jan-2019)

1.2b

Closing stock price (18-Jan-2019)

5.0

Cash (30-Sep-2018)

19.2m
SRC Energy's current market capitalization is $1.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

46.2m104.2m124.8m107.1m

Revenue growth, %

125%20%(14%)

General and administrative expense

5.7m10.1m19.0m30.5m33.0m

Operating expense total

26.7m60.8m127.2m318.7m204.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

19.3m23.0m25.7m42.5m23.7m26.0m26.1m18.3m23.9m26.2m45.1m75.0m103.6m147.1m161.0m

Sales and marketing expense

3.0m3.7m

General and administrative expense

3.2m1.8m1.9m4.1m4.1m3.9m14.0m7.4m7.5m8.2m8.2m7.6m8.5m9.6m9.4m10.7m

Operating expense total

12.0m13.6m14.4m27.8m25.4m29.1m161.7m71.4m172.2m45.9m28.8m48.5m57.5m69.9m79.8m81.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

19.5m34.8m133.9m18.6m48.8m

Accounts Receivable

6.4k126.0m

Inventories

194.0k310.0k

Current Assets

92.0m68.2m166.8m54.2m160.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

21.0m34.4m48.0m47.1m218.5m190.2m80.7m50.9m78.6m63.8m33.2m36.7m21.3m71.7m53.1m19.2m

Inventories

294.0k506.0k405.0k

Current Assets

76.7m72.9m72.1m112.4m269.6m229.1m108.9m83.0m124.1m106.9m79.2m108.7m145.2m191.1m163.2m171.7m

PP&E

261.5m276.0m322.9m427.2m552.5m583.0m527.6m488.0m824.3m842.6m946.4m1.1b1.2b2.0b2.1b2.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

9.6m28.9m18.0m(122.9m)142.5m

Inventories

(16.0k)(116.0k)

Accounts Payable

4.0m

Cash From Operating Activities

32.1m74.9m125.1m20.1m291.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

6.1m11.3m18.4m21.2m25.8m23.3m(122.3m)(51.4m)(153.8m)(19.2m)19.9m47.8m91.7m65.8m115.4m178.0m

Inventories

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

Accounts Payable

2.3m3.2m24.4m42.4m97.7m(2.1m)1.4m

Cash From Operating Activities

14.9m33.4m46.7m34.4m65.1m86.9m74.5m142.8m127.7m235.8m343.6m
USDY, 2018

Financial Leverage

1.7 x
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SRC Energy News and Updates

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

DENVER, Oct. 31, 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 resu…

SRC Energy Inc. Issues Preliminary Third Quarter 2018 Results and Provides an Operations Update

DENVER, Oct. 17, 2018 (GLOBE NEWSWIRE) -- SRC Energy Inc. (NYSE American: SRCI) (“SRC” or the “Company”), an oil and gas exploration and production company focused in the Denver-Julesburg Basin, today issues preliminary third quarter 2018 operating results, provides an operations update and announ…
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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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SRC Energy Frequently Asked Questions

  • When was SRC Energy founded?

    SRC Energy was founded in 2008.

  • How many employees does SRC Energy have?

    SRC Energy has 96 employees.

  • Who are SRC Energy competitors?

    Competitors of SRC Energy include Alta Mesa Holdings, Citadel Exploration and Helmerich & Payne.

  • Where is SRC Energy headquarters?

    SRC Energy headquarters is located at 300 1625 Broadway, Denver.

  • Where are SRC Energy offices?

    SRC Energy has an office in Denver.

  • How many offices does SRC Energy have?

    SRC Energy has 1 office.