Quick10K

Carrizo Oil & Gas

Filings

10-Q	2019-09-30	Filed 2019-11-05
10-Q	2019-06-30	Filed 2019-08-08
10-Q	2019-03-31	Filed 2019-05-09
10-K	2018-12-31	Filed 2019-03-01
10-Q	2018-09-30	Filed 2018-11-07
10-Q	2018-06-30	Filed 2018-08-07
10-Q	2018-03-31	Filed 2018-05-09
10-K	2017-12-31	Filed 2018-02-28
10-Q	2017-09-30	Filed 2017-11-09
10-Q	2017-06-30	Filed 2017-08-10
10-Q	2017-03-31	Filed 2017-05-09
10-K	2016-12-31	Filed 2017-02-27
10-Q	2016-09-30	Filed 2016-11-03
10-Q	2016-06-30	Filed 2016-08-05
10-Q	2016-03-31	Filed 2016-05-05
10-K	2015-12-31	Filed 2016-02-22
10-Q	2015-09-30	Filed 2015-11-04
10-Q	2015-06-30	Filed 2015-08-06
10-Q	2015-03-31	Filed 2015-05-07
10-K	2014-12-31	Filed 2015-02-25
10-Q	2014-09-30	Filed 2014-11-06
10-Q	2014-06-30	Filed 2014-08-05
10-Q	2014-03-31	Filed 2014-05-07
10-K	2013-12-31	Filed 2014-03-03
10-Q	2013-09-30	Filed 2013-11-04
10-Q	2013-06-30	Filed 2013-08-07
10-Q	2013-03-31	Filed 2013-05-10
10-K	2012-12-31	Filed 2013-02-28
10-Q	2012-09-30	Filed 2012-11-08
10-Q	2012-06-30	Filed 2012-08-08
10-Q	2012-03-31	Filed 2012-05-09
10-K	2011-12-31	Filed 2012-02-29
10-Q	2011-09-30	Filed 2011-11-08
10-Q	2011-06-30	Filed 2011-08-09
10-Q	2011-03-31	Filed 2011-05-10
10-K	2010-12-31	Filed 2011-03-31
10-Q	2010-09-30	Filed 2010-11-09
10-Q	2010-06-30	Filed 2010-08-09
10-Q	2010-03-31	Filed 2010-05-07
10-K	2009-12-31	Filed 2010-03-16

Reports

8-K	2019-12-20	Leave Agreement, M&A, Shareholder Rights, Control, Officers, Other Events, Exhibits
8-K	2019-12-20	Shareholder Vote, Regulation FD, Exhibits
8-K	2019-11-14	Regulation FD, Other Events, Exhibits
8-K	2019-11-13	Enter Agreement, Regulation FD, Exhibits
8-K	2019-11-05	Other Events
8-K	2019-11-04	Earnings, Exhibits
8-K	2019-08-07	Earnings, Exhibits
8-K	2019-07-14	Enter Agreement, Earnings, Regulation FD, Exhibits
8-K	2019-05-16	Officers, Shareholder Vote, Exhibits
8-K	2019-05-07	Earnings, Exhibits
8-K	2019-03-27	Enter Agreement, Exhibits
8-K	2019-02-25	Earnings, Exhibits
8-K	2019-02-13	Officers
8-K	2018-11-05	Earnings, Exhibits
8-K	2018-10-29	Enter Agreement, Other Events, Exhibits
8-K	2018-10-17	Regulation FD, Other Events, Exhibits
8-K	2018-08-14	Enter Agreement, Exhibits
8-K	2018-08-13	Regulation FD, Other Events, Exhibits
8-K	2018-08-06	Earnings, Exhibits
8-K	2018-05-22	Enter Agreement, Amend Bylaw, Shareholder Vote, Exhibits
8-K	2018-05-07	Earnings, Exhibits
8-K	2018-04-05	Other Events, Exhibits
8-K	2018-03-23	Officers, Exhibits
8-K	2018-02-26	Earnings, Exhibits
8-K	2018-01-31	Regulation FD, Other Events, Exhibits
8-K	2018-01-31	M&A, Other Events, Exhibits
8-K	2018-01-19	Regulation FD, Other Events, Exhibits

Carrizo Oil & Gas Financials

CRZO Metrics, Comps, Filings

Quarterly | Annual

Business

Carrizo Oil & Gas, Inc. is a Houston-based energy company which, together with its subsidiaries (collectively, "Carrizo," the "Company" or "we"), is actively engaged in the exploration, development, and production of crude oil, NGLs, and natural gas from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.

Acquisitions. On October 17, 2018, we closed on the acquisition with Devon Energy Production Company, L.P. ("Devon"), a subsidiary of Devon Energy Corporation, of oil and gas properties in the Delaware Basin in Reeves and Ward counties, Texas (the "Devon Acquisition"). The estimated aggregate purchase price of $196.6 million remains subject to post-closing adjustments.

Divestitures. In the first quarter of 2018, we closed on divestitures of substantially all of our assets in the Niobrara Formation and a portion of our assets in the Eagle Ford for aggregate net proceeds of approximately $381.3 million. In addition, we could receive contingent consideration of $5.0 million per year if crude oil prices exceed specified thresholds for each of the years of 2018 through 2020 as part of the Niobrara Formation divestiture.

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin


Comps ($MM TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
SRC Energy (SRCI)	1,096	70%	3.6	8%	2,868	1,136	676	473	216	285	1,026
Rowan Companies (RDC)	1,093	0%	30.8	-4%	8,118	3,083	645	0	-333	84	2,577
QEP Resources (QEP)	1,037	0%	-9.1	-11%	5,571	335	604	0	-616	-325	2,945
Antero Resources (AR)	1,037	0%	4.6	1%	16,120	8,674	4,579	0	208	1,037	4,741
Callon Petroleum (CPE)	1,017	0%	4.8	6%	4,017	1,548	637	0	248	463	2,206
Pacific Drilling (PACD)	975	0%	149.2	-1%	2,748	1,129	28	0	-27	11	1,626
Seadrill (SDRL)	948			0%	10,848	7,775	0	0	0	0	6,031
Talos Energy (TALO)	911	0%	2.2	14%	2,612	1,537	953	0	365	687	1,532
Berry Petroleum (BRY)	839	0%	7.3	3%	1,766	768	506	0	51	172	1,249
Geopark (GPRK)	832			0%	863	720	0	0	0	0	832
Carrizo Oil & Gas (CRZO)	827	0%	3.7	17%	3,690	2,164	1,028	0	627	695	2,580
Diamond Offshore Drilling (DO)	803	0%	-8.3	-6%	5,871	2,566	937	0	-362	-308	2,569
Northern Oil & Gas (NOG)	801	39%	6.3	13%	1,902	1,388	857	330	250	309	1,944
Whiting Petroleum (WLL)	726	0%	5.7	-1%	7,775	3,605	1,192	0	-94	639	3,610
Nabors (NBR)	690	27%	-11.2	-8%	7,273	4,512	3,121	846	-562	-341	3,837
Denbury Resources (DNR)	668	0%	5.9	4%	4,754	3,408	964	0	194	517	3,044
Dorchester Minerals (DMLP)	650	92%	12.5	33%	124	6	59	54	40	50	628
W&T Offshore (WTI)	632	0%	7.3	20%	1,027	1,285	526	0	203	179	1,309
Laredo Petroleum (LPI)	616	0%	5.4	2%	2,278	1,198	834	0	49	292	1,569
Nextdecade (NEXT)	597		-27.0	-13%	170	33	0	0	-22	-22	593


Balance Sheet ($MM)	2011-09-30	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash	4	24	21	14	52	72	4	6	157	62	9	7	11	3	2	2	43	2	2	3	4	2	2	5	10	5	2	2	2	2	2	2
Accounts Receivable	18	29	27	33	49	103	120	115	105	124	134	113	93	83	81	57	55	57	56	49	64	67	72	90	107	99	111	129	100	95	98	98
Inventory
PP&E	1,140	1,485	1,464	1,604	1,488	1,672	1,803	1,901	1,794	1,938	2,142	2,255	2,629	2,741	2,824	2,071	1,717	1,484	1,349	1,335	1,546	1,634	1,773	2,633	2,636	2,401	2,568	2,715	3,019	3,192	3,256	3,309
Assets	1,323	1,700	1,705	1,857	1,884	1,937	2,010	2,072	2,111	2,169	2,352	2,441	2,981	3,051	3,078	2,318	2,027	1,651	1,458	1,421	1,626	1,714	1,964	2,746	2,778	2,538	2,722	2,911	3,185	3,574	3,635	3,690
Accounts Payable	39	66	73	55	45	76	96	78	54	47	75	103	107	94	81	51	74	33	42	57	56	52	68	87	75	106	114	148	99	123	103	80
Long-Term Debt	624	870	833	1,014	968	969	928	987	900	900	1,022	1,020	1,351	1,252	1,373	1,412	1,256	1,267	1,298	1,334	1,325	1,362	1,522	1,701	1,629	1,443	1,502	1,328	1,634	1,715	1,731	1,755
Liabilities	824	2,393	2,299	2,586	1,275	1,305	1,334	1,386	1,252	1,316	1,461	1,479	1,878	1,732	1,798	1,740	1,583	1,506	1,568	1,626	1,603	1,645	1,832	2,144	2,193	1,975	2,123	2,016	2,030	2,267	2,219	2,164
Stockholders' Equity	500	573	602	599	625	617	658	668	842	853	870	962	1,103	1,320	1,280	578	444	145	-110	-205	23	70	132	389	371	391	426	721	981	1,132	1,240	1,349


Income Statement ($MM)	2011-09-30	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Revenue																													273	233	265	257
Cost of Revenue
Gross Profit
R&D
SG&A	5	12	20	12	12	16	18	20	24	28	28	10	12	32	19	4	12	21	20	18	16	22	12	16	17	27	18	13		25	17	13
Tax	14	8	15	9	14	15	23	22	-13	23	29	48	74	-11	-26	-103	-0	0	0	-0	0	0	0	0	4	0	0	1		-179	2	6
Net Income	22	15	29	16	18	28	39	41	-24	43	54	84	228	-21	-46	-708	-380	-311	-262	-101	-1	40	56	8	-17	27	35	81	260	151	107	108


Cash Flow ($MM)	2011-09-30	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash Operating		83	62	31	76	100	123	96	57	150	92	193	114	73	91	119	95	54	72	72	75	76	103	101	142	139	137	189		125	177	176
Cash Investing		154	-27	-212	-42	138	-148	-153	-8	50	-272	-191	-288	-212	-172	-158	-134	-125	-101	-105	-288	-114	-253	-739	-54	108	-194	-223		-161	-188	-195
Cash Financing		140	-38	174	4	138	-42	59	103	50	126	-3	177	130	80	39	81	30	29	35	214	36	150	640	-83	-251	54	34		35	11	19