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RSP Permian, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed May 2, 2018. Its latest SEC filing is a POSASR from Jan 15, 2021.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Produces unconventional oil, natural gas and natural gas liquids from Permian Basin properties for commodity purchasers.

How Did They Make Money?

revenue

Who Were Their Customers?

Markets most of the oil and natural gas production from operated properties, selling oil, natural gas liquids and natural gas to purchasers at market prices.

Customers above 10% of revenue, FY2017
of revenue from three customers (21%, 21%, 14%)
FY2015: 84% from four customers

Did Revenues Turn Into Profits?

Yes. It kept 29 cents of every revenue dollar as net income in .

Operating income,
29% of revenue
▲ +649% vs ($31.1M, 9%)
Net income,
29% of revenue
▲ Now profitable vs (−$24.9M, −7%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q1 FY2018, the three months to Mar 31, 2018
Revenue
▲ +63%
vs $169.9M in Q1 FY2017
Net income
▲ +130%
vs $38.9M in Q1 FY2017
  • Jul 19, 2018 Concho completed its acquisition of RSP Permian RSP became a wholly owned subsidiary of Concho, and its common stock was delisted from the NYSE.

Grew. Revenue grew 6.5x in 4 years, from $123M in to $803.7M in , about 60% a year.

Delaware Basin properties The earlier report describes acreage in the Midland Basin; the latest report describes properties in both the Midland and Delaware Basins, including the acquired Delaware Basin position.

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