Carbon Energy Corporation, a Delaware corporation formed in 2007, is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of oil, natural gas and natural gas liquids properties located in the United States. We currently develop and operate oil and gas properties in the Appalachian Basin in Kentucky, Ohio, Tennessee, Virginia and West Virginia, in the Illinois Basin in Illinois and Indiana, and in the Ventura Basin in California through our majority-owned subsidiaries. We own 100% of the outstanding interests of Carbon Appalachia, and Nytis Exploration (USA) Inc., a Delaware corporation (“Nytis USA”), which in turn owns 98.1% of Nytis Exploration Company LLC, a Delaware limited liability company (“Nytis LLC”). Nytis LLC holds interests in our operating subsidiaries, which include 46 consolidated partnerships and 18 non-consolidated partnerships. We own 53.92% of Carbon California which consolidates as a majority-owned subsidiary. We focus on conventional and unconventional reservoirs including shale, tight sands and coalbed methane. Our executive offices are in Denver, Colorado and we maintain offices in Lexington, Kentucky, and Santa Paula, California from which we conduct our oil and gas operations.
Company profile
Ticker
CRBO, CRBOD
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Carbon Natural Gas Co, ST LAWRENCE SEAWAY CORP
SEC CIK
Corporate docs
Subsidiaries
Carbon California Company, LLC • Carbon California Operating Company, LLC • Nytis Exploration (USA) Inc. • Carbon Appalachian Company, LLC ...
IRS number
260818050
Latest filings (excl ownership)
SC 13E3/A
Going private transaction (amended)
6 Nov 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Oct 20
8-K
Amendments to Articles of Incorporation or Bylaws
29 Oct 20
15-12G
Securities registration termination
27 Oct 20
8-K
Submission of Matters to a Vote of Security Holders
22 Oct 20
SC 13E3/A
Going private transaction (amended)
29 Sep 20
DEF 14A
Definitive proxy
29 Sep 20
PRER14A
Preliminary revised proxy
8 Sep 20
SC 13E3/A
Going private transaction (amended)
8 Sep 20
Latest ownership filings
4
PATRICK R MCDONALD
2 Oct 20
SC 13G/A
AWM Investment Company, Inc.
10 Sep 20
4
PATRICK R MCDONALD
10 Sep 20
4
PATRICK R MCDONALD
10 Sep 20
4
PATRICK R MCDONALD
31 Aug 20
4
PATRICK R MCDONALD
31 Aug 20
4
PATRICK R MCDONALD
8 Jul 20
3
Erich W. Kirsch
23 Jun 20
4
PATRICK R MCDONALD
9 Jun 20
4
PATRICK R MCDONALD
4 Jun 20
Financial summary
Quarter (USD) | Jun 20 | Mar 20 | Sep 19 | Jun 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.02 mm | 8.02 mm | 8.02 mm | 8.02 mm | 8.02 mm | 8.02 mm |
Cash burn (monthly) | (no burn) | 249.42 k | 16.83 mm | 1.15 mm | 3.29 mm | 231.75 k |
Cash used (since last report) | n/a | 11.52 mm | 777.38 mm | 53.03 mm | 151.99 mm | 10.71 mm |
Cash remaining | n/a | -3.50 mm | -769.36 mm | -45.00 mm | -143.96 mm | -2.68 mm |
Runway (months of cash) | n/a | -14.0 | -45.7 | -39.2 | -43.8 | -11.6 |
Institutional ownership, Q3 2021
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|