Sanchez Energy Corp

Delisted

CIK 0001528837AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2018

Revenue

$1.06B

Net Income

$85.20M

Total Assets

$2.82B

Equity

$-444.52M

Shares Out

100.15M

Op. Cash Flow

$265.97M

Business

Sanchez Energy Corp is a former operating company in Crude Petroleum & Natural Gas, incorporated in Delaware. Securities are no longer actively traded on a major U.S. exchange.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31
Sales and marketing revenues	26	—	—	—	—
Total revenues	1,057	740	431	—	—
Oil and natural gas production expenses	306	244	156	—	—
Exploration expenses	3	6	403,000	2	—
Sales and marketing expenses	24	—	—	—	—
Production and ad valorem taxes	56	37	20	27	38
Depreciation, depletion, amortization and accretion	262	177	147	264	338
Impairment of oil and natural gas properties	14	40	47	724	214
General and administrative expense	98	144	110	74	64
Total operating costs and expenses	764	648	481	1,246	747
Operating income (loss)	293	92	−49	−770	−81
Interest income	4	836,000	856,000	442,000	193,000
Other income (expense)	−8	11	134,000	−3	96,000
Gain on sale of oil and natural gas properties	2	82	85	—	—
Interest expense	−178	−140	−127	−126	−90
Earnings from equity investments	—	779,000	3	—	—
Net losses on commodity derivatives	−28	−6	−53	173	137
Total other income (expense)	−208	−52	−90	44	48
Income (loss) before income taxes	85	41	−140	−726	−33
Income tax benefit (expense)	—	2	−2	−158,000	−11
Net income (loss)	85	43	−141	−726	−22
Preferred stock dividends	−16	−16	−16	−16	−34
Preferred unit dividends and distributions	−47	−44	—	—	—
Preferred unit amortization	−25	−18	—	—	—
Net loss attributable to common stockholders	−3	−35	−157	−742	−55
Net loss per common share - basic and diluted (in dollars per share)	−0.04	−0.46	−2.67	−12.97	−1.06
Weighted average number of shares used to calculate net loss attributable to common stockholders - basic and diluted (in shares)	82	76	59	57	52

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31
Cash and cash equivalents	198	184	502	435	474
Oil and natural gas receivables	87	101	41	31	70
Joint interest billings receivables	33	23	476,000	1	15
Accounts receivable - related entities	6	4	6	4	386,000
Fair value of derivative instruments	16	17	—	172	100
Other current assets	33	21	13	23	23
Total current assets	373	351	563	667	682
Proved oil and natural gas properties	3,792	3,130	1,850	2,915	2,582
Unproved oil and natural gas properties	329	399	225	254	386
Total oil and natural gas properties	4,121	3,529	2,075	3,168	2,968
Less: Accumulated depreciation, depletion, amortization and impairment	−1,762	−1,502	−1,370	−2,412	−707
Total oil and natural gas properties, net	2,359	2,027	705	756	2,262
Fair value of derivative instruments	12	8	—	6	24
Investments (Investment in SNMP measured at fair value of $3.9 million and $25.2 million as of December 31, 2018 and 2017, respectively)	17	38	40	50	—
Other assets	59	52	25	23	19
Total assets	2,820	2,477	1,332	1,501	3,042
Accounts payable	32	15	1	4	29
Other payables	75	82	2	2	4
Capital expenditures	62	85	35	52	163
Other	103	85	82	70	67
Fair value of derivative instruments	706,000	56	32	—	—
Short term debt	304,000	24	—	—	—
Other current liabilities	76	115	31	15	5
Total current liabilities	348	463	186	168	269
Long term debt, net of premium, discount and debt issuance costs	2,395	1,931	1,713	1,706	1,746
Asset retirement obligations	46	36	25	26	26
Fair value of derivative instruments	366,000	17	3	—	889,000
Other liabilities	21	49	89	58	779,000
Total liabilities	2,812	2,496	2,016	1,957	2,043
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred units ($1,000 liquidation preference, 500,000 units authorized; 500,000 units issued and outstanding as of December 31, 2018 and 2017)	453	428	—	—	—
Preferred stock ($0.01 par value, 15,000,000 shares authorized; 1,838,985 shares issued and outstanding as of December 31, 2018 and 2017 of 4.875% Convertible Perpetual Preferred Stock, Series A; 3,527,830 shares issued and outstanding as of December 31, 2018 and 2017 of 6.500% Convertible Perpetual Preferred Stock, Series B)	53,000	53,000	53,000	53,000	53,000
Common stock ($0.01 par value, 300,000,000 shares authorized; 87,328,424 and 83,984,827 shares issued and outstanding as of December 31, 2018 and 2017, respectively)	881,000	845,000	670,000	619,000	586,000
Additional paid-in capital	1,367	1,362	1,112	1,080	1,065
Accumulated deficit	−1,813	−1,809	−1,797	−1,536	−66
Total stockholders' equity (deficit)	−445	−446	−684	−559	168
Total liabilities and stockholders' equity (deficit)	2,820	2,477	1,332	1,501	3,042

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31
Net income (loss)	85	43	−141	−726	—
Stock-based compensation (benefit) expense	−964,000	40	37	—	—
Net cash settlements (paid) received on commodity derivative contracts	−108	18	122	131	6
Losses incurred on premiums for derivative contracts	—	—	25	−121,000	−596,000
(Gain) loss on other derivatives	−699,000	2	—	—	—
Loss (gain) on investments	22	871,000	−2	935,000	—
Gain on sale of inventory	−564,000	—	—	—	—
Amortization of deferred gain on Western Catarina Midstream Divestiture	−24	−24	−24	−5	—
Amortization of debt issuance costs	16	13	8	8	9
Accretion of debt discount, net	2	634,000	633,000	703,000	755,000
Deferred taxes	—	−737,000	—	1,000	−11
(Gain) loss on inventory market adjustment	—	−9,000	649,000	—	—
Distributions from equity investments	—	1	930,000	—	—
Accounts receivable	−1	−87	−10	60	−27
Accounts receivable - related entities	−2	2	−3	−3	−1
Other payables	−4	76	247,000	−2	2
Other current liabilities	−42	67	—	−5	5
Other assets and liabilities, net	21	185,000	9	1	779,000
Net cash provided by operating activities	266	292	183	271	—
Capital expenditures for oil and natural gas properties	−616	−500	−313	−654	−791
Proceeds from sale of oil and natural gas properties	2	163	179	428	—
Acquisition of oil and natural gas properties	3	−1,039	—	−8	−556
Investment in SNMP	—	—	−25	—	—
Payments for investments	—	−74,000	−37	−50	—
Payments for purchases of other assets, net	−4	−19	−5	—	—
Sale of investments	—	13	92	—	—
Net cash used in investing activities	−616	−1,383	−108	−292	—
Proceeds from borrowings	542	373	60	—	100
Repayment of borrowings	−106	−144	−60	—	−100
Issuance of common stock	—	136	—	—	176
Issuance of preferred units	—	500	—	—	—
Issuance costs related to preferred units	—	−21	—	—	—
Financing costs	−13	−26	−2	−400,000	—
Preferred dividends paid	−12	—	−4	−16	−16
Cash paid to tax authority for employee stock-based compensation awards	−866,000	−1	−2	−533,000	—
Preferred unit dividends and distributions paid	−47	−44	—	—	—
Net cash provided by (used in) financing activities	363	773	−8	−17	—
Increase (decrease) in cash and cash equivalents	13	−317	67	−39	320
Change in asset retirement obligations	7	8	−3	−2	20
Change in accrued capital expenditures	−23	51	−17	—	—
Debt assumed in exchange for equity interest in SR	—	24	—	—	—
Cash paid for taxes	—	—	2	158,000	—
Cash paid for interest	147	127	118	122	—

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