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Everflow Eastern Partners

Company profile

Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
341659910

Calendar

13 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.06M 10.06M 10.06M 10.06M 10.06M 10.06M
Cash burn (monthly) 61.97K 93.98K (positive/no burn) 78.08K 144.75K 11.87K
Cash used (since last report) 172.77K 262.03K n/a 217.71K 403.58K 33.08K
Cash remaining 9.89M 9.8M n/a 9.85M 9.66M 10.03M
Runway (months of cash) 159.6 104.3 n/a 126.1 66.7 845.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Nov 20 Brian A Staebler Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Buy Aquire P Yes No 1 1,899 1.9K 46,922
30 Nov 20 Brian A Staebler Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Sell Dispose S Yes No 1 395 395 0
30 Nov 20 Brian A Staebler Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Sell Dispose S Yes No 1 84 84 0
30 Nov 20 Thomas L Korner Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Buy Aquire P Yes No 1 1,898 1.9K 43,256
30 Nov 20 Thomas L Korner Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Sell Dispose S Yes No 1 42 42 0
30 Nov 20 Thomas L Korner Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Sell Dispose S Yes No 1 198 198 0
30 Nov 20 Siskovic William A Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Buy Aquire P Yes No 1 1,898 1.9K 72,500
30 Nov 20 Siskovic William A Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Sell Dispose S Yes No 1 84 84 0
30 Nov 20 Siskovic William A Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Sell Dispose S Yes No 1 395 395 0
30 Jun 20 Siskovic William A Units of Ltd Prtnrshp Intrst of Everflow Eastern Partnrs, LP Buy Aquire P Yes No 0.86 10,000 8.6K 70,602

Financial report summary

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Management Discussion
  • Revenues for the three month period ended March 31, 2021 increased $520,000, or 38%, as compared to the prior comparable period. The increase was primarily the result of an increase in crude oil and natural gas sales.
  • Crude oil and natural gas sales increased $522,000, or 42%, during the three months ended March 31, 2021 as compared to the prior comparable period. The increase was primarily the result of higher average natural gas and crude oil prices received, as well as additional natural gas volumes produced, during the three month period ended March 31, 2021 as compared to the prior comparable period. The increase in natural gas volumes produced during the three month period ended March 31, 2021 as compared to the prior comparable period was primarily the result of less Company operated properties being voluntarily shut-in during the three month period ended March 31, 2021 as compared to the prior comparable period.
  • Depreciation, depletion and amortization (“DD&A”) decreased $94,000, or 51% during the three months ended March 31, 2021 as compared to the prior comparable period. The primary reasons for the decrease are higher projected crude oil and natural gas reserves during the three month period ended March 31, 2021 as compared to the prior comparable period. The increase in projected crude oil and natural gas reserves is primarily the result of higher benchmark crude oil and natural gas prices indexed throughout the first three months of 2021 as compared to the benchmark prices indexed throughout the prior comparable period. The higher 2021 benchmark prices project to increase reserves at December 31, 2021, the next scheduled valuation date, which project to increase the average economic life of the Company’s oil and gas properties as compared to December 31, 2020, the prior valuation date.
Content analysis
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Legalese
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Readability
H.S. freshman Bad
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Removed: amounting, conform, distribution, Dominion, ending, field, lower, payment, presentation, producing, reclassified