Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsLatest reported free cash flow was -$12M.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$12M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2023-12-31.
- 5 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +2943.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +361.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Crude Oil Sales$204Mshare n/a+2993.9% yoy
- NGL Sales$28.1Mshare n/a+3448.0% yoy
- Natural Gas Liquids Reserves$28.1Mshare n/a+3448.0% yoy
- Natural Gas Sales$9.47Mshare n/a+1619.1% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Crude Oil Sales$67.8Mshare n/a+528.8% yoy
- Natural Gas Sales$8.96Mshare n/a+632.3% yoy
- NGL Sales$6.62Mshare n/a+319.4% yoy
- Natural Gas Liquids Reserves$6.62Mshare n/a+319.4% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 119 in Energy| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $242M | 35thof 3,301 middle third | 22ndof 113 bottom third |
Operating margin operating income ÷ revenue | 27.1% | 91stof 2,819 top third | 82ndof 99 top third |
Net margin net income ÷ revenue | 13.3% | 77thof 3,263 top third | 74thof 109 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 24.6% | 90thof 3,577 top third | 93rdof 95 top third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 2.3× | 57thof 819 middle third | 50thof 29 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 6.1% | 32ndof 2,895 bottom third | 9thof 96 bottom third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 4.8× | 89thof 2,183 top third | 75thof 70 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 29 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Stock-based compensation ShareBasedCompensation | quarter 2021-03-31 | $97.4K 10-Q 2021-05-17 | $1.85M 10-Q 2022-05-16 | +1796.3% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | -$172K 10-Q 2023-05-15 | -$83 10-Q 2024-05-13 | +100.0% | first · latest · 4 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 112,151,412 shares 10-Q 2023-08-14 | 3,925,299 shares 10-Q 2024-08-09 | -96.5% | first · latest |
| Net income NetIncomeLoss | quarter 2023-03-31 | -$971K 10-Q 2023-05-15 | -$64.4K 10-Q 2024-05-13 | +93.4% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$817K 10-Q 2023-05-15 | -$64.4K 10-Q 2024-05-13 | +92.1% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2020-12-31 | $4.52M 10-K 2021-03-29 | $412K 10-K 2022-03-31 | -90.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$19.7M 10-Q 2023-08-14 | -$2.86M 10-Q 2024-08-09 | +85.5% | first · latest |
| Net income NetIncomeLoss | quarter 2022-09-30 | -$1.79M 10-Q 2022-11-14 | -$277K 10-Q 2023-11-14 | +84.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$1.73M 10-Q 2022-11-14 | -$277K 10-Q 2023-11-14 | +84.0% | first · latest |
| Total liabilities Liabilities | balance at 2022-12-31 | $13.3M 10-K 2023-03-31 | $2.22M 10-K/A 2024-03-20 | -83.3% | first · latest · 8 filings carry it |
| Total assets Assets | balance at 2022-12-31 | $6.79M 10-K 2023-03-31 | $1.84M 10-K/A 2024-03-20 | -72.9% | first · latest · 8 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | -$1.32M 10-K 2021-03-29 | -$2.27M 10-K 2022-03-31 | -72.7% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2022-12-31 | $246K 10-K 2023-03-31 | $79.8K 10-K/A 2024-03-20 | -67.6% | first · latest · 8 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-03-31 | $379K 10-Q 2021-05-17 | $173K 10-Q 2022-05-16 | -54.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2021-12-31 | $808K 10-K 2022-03-31 | $370K 10-K 2023-03-31 | -54.2% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2021-03-31 | $10.3K 10-Q 2021-05-17 | $4.96K 10-Q 2022-05-16 | -51.7% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$33.6M 10-K 2024-03-19 | -$16.5M 10-K 2025-03-06 | +50.8% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2021-06-30 | $287K 10-Q 2021-08-13 | $190K 10-Q 2022-08-15 | -33.9% | first · latest |
| Total liabilities Liabilities | balance at 2020-09-30 | $6.91M 10-Q 2020-11-16 | $9.19M 10-Q/A 2020-11-24 | +33.1% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2021-09-30 | $339K 10-Q 2021-11-15 | $436K 10-Q 2022-11-14 | +28.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$1.61M 10-Q 2021-08-13 | -$1.34M 10-Q 2022-08-15 | +16.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | -$2.19M 10-Q 2021-11-15 | -$1.95M 10-Q 2022-11-14 | +11.0% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-03-31 | $385K 10-Q 2022-05-16 | $343K 10-Q/A 2023-06-16 | -10.9% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$3.07M 10-Q 2021-05-17 | -$2.82M 10-Q 2022-05-16 | +8.2% | first · latest |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$1.85M 10-K 2021-03-29 | -$1.94M 10-K 2022-03-31 | -4.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$6.49M 10-Q 2023-11-14 | -$6.31M 10-Q 2024-11-08 | +2.7% | first · latest |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$2.41M 10-Q 2021-05-17 | -$2.47M 10-Q 2022-05-16 | -2.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | -$3.15M 10-Q 2022-05-16 | -$3.17M 10-Q/A 2023-06-16 | -0.8% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | -$18.1M 10-K 2022-03-31 | -$18.2M 10-K 2023-03-31 | -0.7% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for PROP yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.