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ALPINE SUMMIT ENERGY PARTNERS, INC.

alpinesummitenergy.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 15, 2023. Its latest SEC filing is a 15-15D from Aug 8, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Develops and produces crude oil, natural gas and natural gas liquids for customers.

Who Were Their Customers?

Product buyers purchase under customer contracts; the company also bills joint interest owners directly.

Did Revenues Turn Into Profits?

Yes. It kept 23 cents of every revenue dollar as net income in .

Net income,
23% of revenue
▲ Now profitable vs (−$32.6M, −46%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2023, the three months to Mar 31, 2023
Revenue
▲ +293%
vs $12.4M in Q1 FY2022
Net income
▲ Now profitable
vs −$10M in Q1 FY2022
  • Jul 18, 2023 Nasdaq delisting follows Chapter 11 filing Trading was set to be suspended on July 21, with shares expected to move to the Pink Market.
  • Jul 11, 2023 Filed for Chapter 11 and began marketing an asset sale The company and certain affiliates sought court approval to sell all or substantially all of their assets.

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