Company Quick10K Filing
Midstates Petroleum
10-Q 2020-03-31 Filed 2020-05-06
10-K 2019-12-31 Filed 2020-03-05
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-05
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-14
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-06
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-14
10-Q 2017-09-30 Filed 2017-11-14
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-30
10-Q 2016-09-30 Filed 2016-11-10
10-Q 2016-06-30 Filed 2016-08-12
10-Q 2016-03-31 Filed 2016-05-13
10-K 2015-12-31 Filed 2016-03-30
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-16
10-Q 2014-09-30 Filed 2014-11-06
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-03-24
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-21
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-06-01
8-K 2020-05-20 Shareholder Vote
8-K 2020-05-06 Earnings, Regulation FD, Exhibits
8-K 2020-04-20 Delisting, Regulation FD, Exhibits
8-K 2020-04-20 Regulation FD, Exhibits
8-K 2020-04-01 Officers, Exhibits
8-K 2020-01-30 Officers
8-K 2020-01-22 Accountant, Exhibits
8-K 2020-01-21 Regulation FD, Exhibits
8-K 2019-11-08 Other Events
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-11-06 Regulation FD, Exhibits
8-K 2019-08-29 Other Events, Exhibits
8-K 2019-08-06 Enter Agreement, Leave Agreement, M&A, Off-BS Arrangement, Shareholder Rights, Accountant, Control, Officers, Amend Bylaw, Regulation FD, Exhibits
8-K 2019-08-02 Shareholder Vote
8-K 2019-05-10 Earnings, Exhibits
8-K 2019-05-05 Enter Agreement, Officers, Regulation FD, Exhibits
8-K 2019-03-07 Earnings, Officers, Exhibits
8-K 2019-01-30 Earnings, Officers, Exhibits
8-K 2018-12-21 Officers
8-K 2018-11-15 Enter Agreement, Regulation FD, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-11-07 Officers, Regulation FD, Exhibits
8-K 2018-09-17 Officers, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-05-31 M&A, Shareholder Vote, Other Events, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-29 Enter Agreement
8-K 2018-03-13 Earnings, Exhibits
8-K 2018-03-05 Officers
8-K 2018-01-23 Officers, Exhibits

Midstates Petroleum Financials

MPO Metrics, Comps, Filings

Quarterly | Annual

Business

Midstates Petroleum Company, Inc. is an independent exploration and production company focused on the application of modern drilling, completion and production operations techniques in oil and liquids-rich basins in the onshore United States. Our operations are currently focused on exploration and production activities in the Mississippian Lime. Our corporate headquarters is located in Tulsa, Oklahoma. Midstates Petroleum Company, Inc. was incorporated pursuant to the laws of the State of Delaware on October 25, 2011, to become a holding company for Midstates Petroleum Company LLC ("Midstates Sub" or "Debtor Affiliate"). In this Annual Report, references to "Company," "we," "us," "our," and "Midstates" when used in the present tense, prospectively or for historical periods, refer to Midstates Petroleum Company, Inc. and Midstates Sub.

On April 30, 2016, we filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. On October 21, 2016, in connection with our emergence from Chapter 11, our existing common shares were cancelled and on October 24, 2016, our new common shares issued in connection with our successful reorganization and emergence from Chapter 11 were listed and began trading on the NYSE MKT under the symbol "MPO". Our common stock began trading on the NYSE under the symbol "MPO" beginning on May 4, 2017. We currently lease office space in Tulsa, Oklahoma at 321 South Boston Avenue, Suite 1000, where our principal offices are located. The lease for our Tulsa office expires in 2026. We also lease one field office in Dacoma, Oklahoma. As of December 31, 2018, we had 85 employees.

On May 31, 2018, we closed on the sale of our Anadarko Basin assets for $58.0 million in cash ($54.1 million, net of closing adjustments).


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
Isramco (ISRL) 342 0% 12.9 14% 107 109 83 0 14 27 354
PrimeEnergy (PNRG) 318 62% 10.7 2% 243 136 84 52 5 35 375
Highpoint Resources (HPR) 314 0% 5.7 -4% 2,264 226 331 0 -87 191 1,088
Tetra Technologies (TTI) 261 16% 33.4 -2% 1,416 1,142 1,061 175 -29 32 1,084
RGC Resources (RGCO) 237 0% 14.8 3% 258 72 68 0 9 23 339
Panhandle Oil & Gas (PHX) 233 0% -7.7 -32% 127 47 68 0 -41 -34 263
Midstates Petroleum (MPO) 226 0% 18.5 -2% 915 435 190 0 -14 27 497
Evolution Petroleum (EPM) 196 0% 9.4 9% 95 16 40 0 8 17 164
SandRidge Energy (SD) 195 0% -11.3 -17% 860 209 292 0 -146 -22 251
Contango Oil & Gas (MCF) 185 0% 36.2 -8% 282 107 39 0 -21 6 212
Goodrich Petroleum (GDP) 181 0% 4.7 6% 235 150 88 0 14 60 279
Unit (UNT) 176 -15% -42.7 -9% 2,540 1,351 725 -108 -221 -23 963
Ion Geophysical (IO) 138 45% -5.7 -20% 255 278 207 93 -52 -40 231
Independence Contract Drilling (ICD) 132 0% 965.8 -6% 539 172 301 0 -34 0 255
Vaalco Energy (EGY) 124 0% 1.5 6% 209 99 90 0 12 37 54
Seadrill Partners (SDLP) 123 0% 6,185 3,471 0 0 0 0 -719
Silverbow Resources (SBOW) 119 0% 3.2 12% 941 553 219 0 108 187 598
Ring Energy (REI) 113 75% 1.6 3% 963 436 143 107 26 67 105
Earthstone Energy (ESTE) 109 0% 3.1 3% 1,099 259 124 0 28 71 224

Balance Sheet ($MM)2012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash91251951122533153026121215116781301282280778486776886611158
Accounts Receivable21192336456288102105103976957674534303634373329303230302922181233
Inventory6678
PP&E6447268061,5671,6582,3832,4812,0952,0842,0032,0582,1231,9811,454980524428392364632651663683574593553563553539504804
Assets6897918561,6841,8192,5662,7042,3422,3302,2432,2802,4762,2721,7961,298679783729696761789802805688646603610605573537915
Accounts Payable4927392962235212534142324962396397912719147446
Long-Term Debt2351522166947961,5211,6061,7011,7011,6541,6691,7351,7351,9241,9161,9162,135128128128128128782828235961278
Liabilities4214215031,0401,1821,9242,0502,0022,0721,9861,9462,0101,9982,1192,1142,0052,2872,2242,229199205203199203154111105649999435
Stockholders' Equity268370353644637642655340258258334466273-323-816-1,326-1,505-1,495-1,533562584599606486492492505542474438480
Income Statement ($MM)2012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue301032689711261121611451482252771117511069526364496562505349424870222673
Cost of Revenue
Gross Profit
R&D
SG&A658121115141312131014121179114358137610856527
Tax169-121-52-13-130-2-026-9-110-100000000
Net Income-18-112-18-2-83-24-316-84-275128-194-598-494-511-1799-381018714-1214-11236-18-375
Cash Flow ($MM)2012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating342635436211107479780135451132697-233022272432263022273213121
Cash Investing-72-112-101-489-133-749-178-135-115-17-153-125-111-39-81-63-59-42-29-23-25-36-37-3221-32-10-1066
Cash Financing4089594601027008496-1-481466-1152-0-024900-0-1-50-500-141-102