Last10K.com

Chaparral Energy, Inc. (CHAP) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Chaparral Energy, Inc.

CIK: 1346980 Ticker: CHAP


Exhibit 99.1

logoa08.jpg
 
Chaparral Energy Announces Fourth Quarter and Full Year 2019 Financial and Operational Results
Oklahoma City, March 11, 2020
- Chaparral Energy, Inc. (NYSE: CHAP), (the “Company” or “Chaparral”) announced today its fourth quarter and full year 2019 financial and operational results. The Company will hold its quarterly earnings call Thursday, March 12, at 9 a.m. Central.

Highlights
Achieved fourth quarter 2019 production of 29.7 thousand barrels of oil equivalent per day (MBoe/d), exceeding the high end of guidance
Delivered full year production, lease operating expense per barrel of oil equivalent (LOE/Boe), cash general & administrative expense per barrel of oil equivalent (G&A/Boe), and total capital expenditures within original production guidance and updated lower expense and capital guidance ranges
Reported net loss of $189.2 million for the fourth quarter of 2019, or $4.14 per share, primarily driven by a $169.7 million non-cash ceiling test impairment and non-cash mark to market losses on derivatives of $25.5 million; adjusted net income, as defined below, was $12.6 million, or $0.28 per share
Reported net loss of $468.9 million for 2019, or $10.28 per share, primarily driven by a $430.7 million non-cash ceiling test impairment and non-cash mark to market losses on derivatives of $40.8 million; adjusted net income, as defined below, was $20.6 million, or $0.45 per share
Grew fourth quarter 2019 adjusted EBITDA, as defined below, to $46.7 million, an increase of 30% compared to the previous quarter
Generated $154.5 million of adjusted EBITDA in full year 2019, an increase of 24% over 2018 despite oil (WTI) prices, natural gas (HH) prices and natural gas liquids (NGLs) realizations decreasing approximately 12%, 15% and 38% year over year
Increased year-end 2019 proved reserves to 96.6 million barrels of oil equivalent (“MMBoe”)
 
“We continue to extend our track record of strong operational results within our guidance ranges or better,” said Chief Executive Officer Chuck Duginski. “The accomplishments and hard work of the great team here at Chaparral are evident in our 2019 results. Chaparral has a strong, oil focused and geologically advantaged position in the oil window of the proven Mid-continent region. In 2019, we gr



The following information was filed by Chaparral Energy, Inc. (CHAP) on Thursday, March 12, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Chaparral Energy, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Chaparral Energy, Inc..

Continue

Assess how Chaparral Energy, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Chaparral Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity (Deficit)
Acquisitions And Divestitures
Acquisitions And Divestitures (2017 Acquisitions And Divestitures) (Details)
Acquisitions And Divestitures (2019 And 2018 Acquisitions And Divestitures) (Details)
Asset Retirement Obligations
Asset Retirement Obligations (Details)
Asset Retirement Obligations (Tables)
Chapter 11 Reorganization
Chapter 11 Reorganization (Additional Information) (Details)
Chapter 11 Reorganization (Liabilities Subject To Compromise) (Details)
Chapter 11 Reorganization (Tables)
Commitments And Contingencies
Commitments And Contingencies (Letters Of Credit) (Details)
Commitments And Contingencies (Litigation And Claims) (Details)
Debt
Debt (Components Of Debt) (Details)
Debt (Maturities Of Debt And Capital Leases Excluding Unamortized Debt Issuance Costs) (Details)
Debt (Other Provisions) (Details)
Debt (Property And Equipment, New Credit Facility) (Details)
Debt (Senior Notes) (Details)
Debt (Tables)
Deferred Compensation
Deferred Compensation (Cash Awards) (Details)
Deferred Compensation (Companywide Stock Award) (Details)
Deferred Compensation (Equity Awards) (Details)
Deferred Compensation (Restricted Stock Awards) (Details)
Deferred Compensation (Restricted Stock Units) (Details)
Deferred Compensation (Stock-Based Compensation Cost) (Details)
Deferred Compensation (Tables)
Deferred Compensation (Valuation Assumptions For Market Awards) (Details)
Derivative Instruments
Derivative Instruments (Additional Information) (Details)
Derivative Instruments (Derivative Instruments Recorded On The Balance Sheet At Fair Value) (Details)
Derivative Instruments (Non-Hedge Derivative Gains (Losses) In The Consolidated Statements Of Operations) (Details)
Derivative Instruments (Summary Of Derivatives Outstanding) (Details)
Derivative Instruments (Tables)
Disclosures About Oil And Natural Gas Activities (Unaudited)
Disclosures About Oil And Natural Gas Activities (Unaudited) (Changes In Standardized Measure Of Discounted Future Net Cash Flows) (Details)
Disclosures About Oil And Natural Gas Activities (Unaudited) (Prices Used In Determining Future Net Revenues) (Details)
Disclosures About Oil And Natural Gas Activities (Unaudited) (Standardized Measure Of Discounted Future Net Cash Flows) (Details)
Disclosures About Oil And Natural Gas Activities (Unaudited) (Summary Of Changes In Quantities Of Proved Reserves) (Details)
Disclosures About Oil And Natural Gas Activities (Unaudited) (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Concentrations Of Credit Risk) (Details)
Fair Value Measurements (Derivatives Offset In The Consolidated Balance Sheets) (Details)
Fair Value Measurements (Fair Value Of Other Financial Instruments) (Details)
Fair Value Measurements (Level 3 Rollforward) (Details)
Fair Value Measurements (Nonrecurring Fair Value Measurements) (Details)
Fair Value Measurements (Percentages Of Total Commodity Sales Excluding Effects Of Hedging Activities) (Details)
Fair Value Measurements (Recurring Fair Value Measurements) (Details)
Fair Value Measurements (Tables)
Fresh Start Accounting
Fresh Start Accounting (Additional Information) (Details)
Fresh Start Accounting (Balance Sheet) (Details)
Fresh Start Accounting (Balance Sheet, Additional Information) (Details)
Fresh Start Accounting (Enterprise Value To Estimated Reorganization Value Of The Successor's Assets) (Details)
Fresh Start Accounting (Enterprise Value To Fair Value Of The Successor's Common Stock) (Details)
Fresh Start Accounting (Reorganization Items) (Details)
Fresh Start Accounting (Tables)
Income Taxes
Income Taxes (Additional Information) (Details)
Income Taxes (Component Of Income Tax (Benefit) Expense From Continuing Operations) (Details)
Income Taxes (Components Of Deferred Tax Assets And Liabilities) (Details)
Income Taxes (Rate Reconciliation) (Details)
Income Taxes (Tables)
Leases
Leases (Balance Sheet Disclosures) (Details)
Leases (Financing Leases) (Details)
Leases (Impact Of Adoption) (Details)
Leases (Lease Assets And Liabilities) (Details)
Leases (Lease Assets And Liabilities, Additional Information) (Details)
Leases (Lease Maturities) (Details)
Leases (Operating Leases) (Details)
Leases (Short Term Leases) (Details)
Leases (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (Accounts Receivable) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Cash And Cash Equivalents) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Cost Reduction Initiatives) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Impairment Of Long-Lived Assets) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Inventories) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Joint Development Agreement) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Oil And Natural Gas Properties Adjustments) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Other Expense) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Policies)
Nature Of Operations And Summary Of Significant Accounting Policies (Stock-Based Compensation) (Details)
Nature Of Operations And Summary Of Significant Accounting Policies (Tables)
Oil And Natural Gas Activities (Unaudited)
Oil And Natural Gas Activities (Unaudited) (Additional Information) (Details)
Oil And Natural Gas Activities (Unaudited) (Costs Incurred) (Details)
Oil And Natural Gas Activities (Unaudited) (Depreciation, Depletion And Amortization) (Details)
Oil And Natural Gas Activities (Unaudited) (Oil And Natural Gas Properties Not Subject To Amortization) (Details)
Oil And Natural Gas Activities (Unaudited) (Tables)
Property And Equipment
Property And Equipment (Estimated Useful Lives Of Asset) (Details)
Property And Equipment (Held For Sale Asset) (Details)
Property And Equipment (Narrative) (Details)
Property And Equipment (Tables)
Retirement Benefits
Retirement Benefits (Additional Information) (Details)
Retirement Benefits (Summary Of Contribution Expense) (Details)
Retirement Benefits (Tables)
Revenue Recognition
Revenue Recognition (Additional Information) (Details)
Revenue Recognition (Impact Of Adoption) (Details)
Revenue Recognition (Revenue Disaggregated) (Details)
Revenue Recognition (Tables)
Stockholders' Equity
Stockholders' Equity (Additional Information) (Details)
Stockholders' Equity (Summary Of Changes In Common Shares Outstanding) (Details)
Stockholders' Equity (Tables)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Details)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Tables)
Supplemental Quarterly Financial Information (Unaudited)
Supplemental Quarterly Financial Information (Unaudited) (Additional Information) (Details)
Supplemental Quarterly Financial Information (Unaudited) (Tables)
Supplemental Quarterly Financial Information (Unaudited) (Unaudited Interim Operations) (Details)
Ticker: CHAP
CIK: 1346980
Form Type: 10-K Annual Report
Accession Number: 0001346980-20-000035
Submitted to the SEC: Wed Mar 11 2020 5:52:55 PM EST
Accepted by the SEC: Thu Mar 12 2020
Period: Tuesday, December 31, 2019
Industry: Crude Petroleum And Natural Gas

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/chap/0001346980-20-000035.htm