Login

CONTANGO OIL & GAS CO

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 15, 2021. Its latest SEC filing is a SC 13G/A from Feb 9, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Produces and sells oil, natural gas and natural gas liquids to energy buyers, and explores for, develops and acquires oil and gas properties.

How Did They Make Money?

The company earns money mainly by selling oil, condensate, natural gas and natural gas liquids to purchasers. Buyers pay when they receive a statement or invoice for production already delivered.

FY2020 revenue

Who Were Their Customers?

Oil, natural gas and natural gas liquids purchasers buy its production; other parties that share wells it operates pay joint-interest bills.

Did Revenues Turn Into Profits?

No. It lost $165.3M in FY2020.

Net income, FY2020
−146% of revenue
▲ +3% (Loss) vs FY2019 (−$159.8M, −209%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +219%
vs $31.3M in Q3 FY2020
Net income
▲ +123% (Loss)
vs −$6.8M in Q3 FY2020
  • Dec 7, 2021 Contango completed its merger with Independence and became a Crescent subsidiary Former Contango stockholders held approximately 25% of Crescent after closing.
  • Aug 31, 2021 Contango completed its acquisition of Wind River Basin assets

Grew. Revenue grew 44% in 4 years, from $78.2M in FY2016 to $112.9M in FY2020, about 10% a year.

From drilling to acquisitions The older report centers on drilling Southern Delaware Basin acreage; the latest describes ending that program and focusing on identifying and buying producing reserves.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support