Company profile

Ticker
CRK
Exchange
CEO
M. Jay Allison
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
941667468

CRK stock data

(
)

Calendar

9 Aug 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Jun 18
Revenue 128.12M 126.88M 153.5M 61.45M
Net income 21.41M 13.58M 50.3M -34M
Diluted EPS 0.2 0.13 0.48 -2.22
Net profit margin 16.71% 10.70% 32.77% -55.34%
Operating income 43.62M 53.22M 81.45M 7.72M
Net change in cash 17.42M 6.13M -135.19M 107.39M
Cash on hand 46.75M 29.32M 23.19M 158.38M
Annual (USD) Dec 17 Dec 16 Dec 15 Dec 14
Revenue 255.33M 175.71M 555.23M
Net income -111.41M -135.13M -1.05B -57.11M
Diluted EPS -7.61 -11.52 -113.53 -1.24
Net profit margin -43.63% -76.91% -10.29%
Operating income -183K -183.79M -1.17B -32.07M
Net change in cash -4.65M -68.1M 131.94M
Cash on hand 61.26M 65.9M 134.01M 2.07M

Financial data from company earnings reports

Financial report summary

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Risks
  • An extended period of depressed oil and natural gas prices will adversely affect our business, financial condition, cash flow, liquidity, results of operations and our ability to meet our capital expenditure obligations and financial commitments.
  • Our debt service requirements could adversely affect our operations and limit our growth.
  • Our access to capital markets may be limited in the future.
  • Our future production and revenues depend on our ability to replace our reserves.
  • Prospects that we decide to drill may not yield oil or natural gas in commercially viable quantities or quantities sufficient to meet our targeted rate of return.
  • Our business involves many uncertainties and operating risks that can prevent us from realizing profits and can cause substantial losses.
  • If oil and natural gas prices decline further or remain low for an extended period of time, we may be required to further write-down the carrying values and/or the estimates of total reserves of our oil and natural gas properties, which would constitute a non-cash charge to earnings and adversely affect our results of operations.
  • Our reserve estimates depend on many assumptions that may turn out to be inaccurate. Any material inaccuracies in our reserve estimates or underlying assumptions will materially affect the quantities and present value of our reserves.
  • Some of our undeveloped leasehold acreage is subject to leases that will expire unless production is established on units containing the acreage.
  • We pursue acquisitions as part of our growth strategy and there are risks associated with such acquisitions.
  • Market conditions or operational impediments may hinder our access to oil and natural gas markets or delay our production.
  • We are subject to extensive governmental laws and regulations that may adversely affect the cost, manner or feasibility of doing business.
  • Our operations may incur substantial liabilities due to compliance with environmental laws and regulations.
  • The enactment of derivatives legislation and regulation could have an adverse effect on our ability to use derivative instruments to reduce the effect of commodity price risks, interest rate risks and other risks associated with our business.
  • Federal and state legislation and regulatory initiatives relating to hydraulic fracturing could result in increased costs and additional operating restrictions or delays as well as restrict our access to our oil and gas reserves.
  • Changes in taxation as well as the inherent difficulty in quantifying potential tax effects of business decisions could have a material adverse effect on our results of operations, financial condition, or cash flows.
  • Loss of our information and computer systems could adversely affect our business.
  • Our business could be negatively impacted by security threats, including cyber-security threats and other disruptions.
  • We are exposed to the credit risk of our customers and counterparties, and our credit risk management may not be adequate to protect against such risk.
  • Substantial exploration and development activities could require significant outside capital, which could dilute the value of our common shares and restrict our activities. Also, we may not be able to obtain needed capital or financing on satisfactory terms, which could lead to a limitation of our future business opportunities and a decline in our oil and natural gas reserves.
  • The unavailability or high cost of drilling rigs, equipment, supplies, qualified personnel and oilfield services could adversely affect our ability to execute our exploration and development plans on a timely basis and within our budget.
  • We depend on our key personnel and the loss of any of these individuals could have a material adverse effect on our operations.
  • Our insurance coverage may not be sufficient or may not be available to cover some liabilities or losses that we may incur.
Management Discussion
  • We are presenting Successor Company's and Predecessor Company's results in Management's Discussion and Analysis of Results of Operations due to the business combination that we consummated on August 14, 2018 wherein we received certain oil and gas properties in the Bakken Shale in exchange for a controlling interest of our common stock to the Jones Partnerships.  The results of the Successor and the Predecessor are not comparable, and our discussion of operating results accordingly does not focus on comparisons to prior periods.
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