2023 Q1 Form 10-Q Financial Statement

#000007715923000012 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.35M $6.358M
YoY Change 94.31% 1171.6%
Cash & Equivalents $12.35M $6.358M
Short-Term Investments
Other Short-Term Assets $18.46M $15.99M
YoY Change 15.45% -18.2%
Inventory $16.31M $13.03M
Prepaid Expenses $2.155M $2.964M
Receivables $138.5M $154.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $194.3M $197.6M
YoY Change -1.65% 78.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.875B $1.418B
YoY Change 32.24% 78.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.28M $4.636M
YoY Change 272.69% -5.5%
Total Long-Term Assets $1.892B $1.425B
YoY Change 32.77% 77.66%
TOTAL ASSETS
Total Short-Term Assets $194.3M $197.6M
Total Long-Term Assets $1.892B $1.425B
Total Assets $2.087B $1.623B
YoY Change 28.58% 77.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.55M $32.46M
YoY Change 64.94%
Accrued Expenses $132.9M $138.8M
YoY Change -4.31% 138745.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.925M
YoY Change -74.33%
Total Short-Term Liabilities $272.1M $397.1M
YoY Change -31.49% 161.65%
LONG-TERM LIABILITIES
Long-Term Debt $629.5M $521.8M
YoY Change 20.64% 43.52%
Other Long-Term Liabilities $13.13M $9.900M
YoY Change 32.64% 18.75%
Total Long-Term Liabilities $642.6M $531.7M
YoY Change 20.86% 42.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $272.1M $397.1M
Total Long-Term Liabilities $642.6M $531.7M
Total Liabilities $914.7M $928.8M
YoY Change -1.52% 77.36%
SHAREHOLDERS EQUITY
Retained Earnings $314.8M $39.60M
YoY Change 694.99% -1038.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $531.8M $314.0M
YoY Change
Total Liabilities & Shareholders Equity $2.087B $1.623B
YoY Change 28.58% 77.72%

Cashflow Statement

Concept 2023 Q1 2022 Q1

Facts In Submission

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<div style="margin-bottom:6pt;padding-left:27pt;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1 – Organization and Description of Business</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ranger Oil Corporation (together with its consolidated subsidiaries, unless the context otherwise requires, “Ranger Oil,” the “Company,” “we,” “us” or “our”) is an independent oil and gas company focused on the onshore development and production of oil, natural gas liquids (“NGLs”) and natural gas. Our current operations consist of drilling unconventional horizontal development wells and operating our producing wells in the Eagle Ford Shale (the “Eagle Ford”) in South Texas. We operate in and report our financial results and disclosures as one segment, which is the development and production of crude oil, NGLs and natural gas.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Juniper Capital Advisors, L.P. (“Juniper Capital”), through its affiliates, JSTX Holdings, LLC (“JSTX”) and Rocky Creek Resources, LLC (“Rocky Creek” and together with JSTX and Juniper Capital, “Juniper”), beneficially owned as of March 31, 2023 an approximate 54% equity interest in the Company through its ownership of 22,548,998 shares of our Class B common stock, par value of $0.01 per share (“Class B Common Stock”) and 22,548,998 common units (the “Common Units”) in our Up-C partnership subsidiary, ROCC Energy Holdings, L.P. (the “Partnership”). See Note 2 for further information.</span></div>
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