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)
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 Financials

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, 2017)

75 m

Net income (Q2, 2017)

27.9 m

EBIT (Q2, 2017)

26.5 m

Market capitalization (31-Oct-2017)

1.9 b

Closing share price (31-Oct-2017)

9.3

Cash (30-Jun-2017)

36.7 m
SRC Energy's current market capitalization is $1.9 b.
Annual
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
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

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

Sales and marketing expense

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

General and administrative expense

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

Operating expense total

12 m13.6 m14.4 m27.8 m25.4 m29.1 m161.7 m71.4 m172.2 m45.9 m28.8 m48.5 m
Annual
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
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

21 m34.4 m48 m47.1 m218.5 m190.2 m78.6 m63.8 m33.2 m36.7 m

Inventories

294 k506 k405 k

Current Assets

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

PP&E

261.5 m276 m322.9 m427.2 m552.5 m583 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.6 m28.9 m18 m(122.9 m)

Inventories

(16 k)(116 k)

Accounts Payable

4 m

Cash From Operating Activities

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

Net Income

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

Inventories

(100 k)(312 k)(211 k)(211 k)

Accounts Payable

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

Cash From Operating Activities

14.9 m33.4 m46.7 m34.4 m65.1 m86.9 m
USDY, 2017

Revenue/Employee

781.6 k

Financial Leverage

1.4 x
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SRC Energy News and Updates

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