Erin Energy Corp.
Energy · Drilling Oil & Gas Wells · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $2.5M | $5.7M |
| Operating income | −$25.1M | −$28.3M | −$416.4M | −$14.7M | −$10.5M | −$32.1M |
| Net income | −$26.5M | −$32.4M | −$430.9M | −$14.9M | −$10.5M | −$29.5M |
| Total assets | $251.1M | $289.2M | $395.2M | $638.4M | $454.2M | $200.1M |
| Total liabilities | $613.9M | $513.8M | $480.4M | $304.4M | $66.3M | $18.8M |
| Equity | −$363.4M | −$225.3M | −$86.1M | $333.4M | $387.9M | $181.3M |
| EPS (diluted) | $-0.12 | $-0.15 | $-0.16 | $-0.02 | $-0.01 | $-0.05 |
| Shares out. | 213.2M | 212.0M | 1.26B | 1.07B | 156.2M | 155.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2017- Operating margin
- —
- Net margin
- —
- Return on equity
- 7.3%
- Return on assets
- −10.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 244.5%
- Debt / equity
- —
- Book value / share
- $-1.70
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2017- Altman Z″ (distress)
- -25.55distress
- Accruals / assets
- −20.9%clean
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 1 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Jul 9, 2018
- NT 10-Qmissed a reporting deadline ↗May 8, 2018
- NT 10-Qmissed a reporting deadline ↗Nov 10, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2016
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2013
- NT 10-Qmissed a reporting deadline ↗May 11, 2010
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Lawal Kase Lukman10% owner | Nov 21, 2017 | Buy | 446 | $2.60 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Director / officer changeJul 13, 2018
- Director / officer changeJul 13, 2018
- Director / officer changeJul 13, 2018
- Director / officer changeJul 13, 2018
- Director / officer changeJul 13, 2018
- Delisting / listing-standard noticeMay 11, 2018
- Director / officer changeApr 30, 2018
- Bankruptcy or receivershipApr 26, 2018
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-K8-K OFFICERS RESIGNATIONJul 13, 2018
- 8-K8-K DIRECTOR RESIGNATION INGRISELLIJul 13, 2018
- 8-K8-K DIRECTOR RESIGNATION STINSONJul 13, 2018
- 8-K8-K DIRECTOR RESIGNATION AHMEDJul 13, 2018
- 8-K8-K DIRECTOR RESIGNATION LEE BROWNJul 13, 2018
- NT 10-QNT 10-Q 2018 Q2Jul 9, 2018
- 8-KMay 11, 2018
- 25-NSEMay 9, 2018
- NT 10-QMay 8, 2018
- 10-K/AApr 30, 2018
- 8-KApr 30, 2018
- 8-KApr 26, 2018
- 8-K/AApr 25, 2018
- 8-KApr 24, 2018
- 8-KApr 19, 2018
Event-driven situations (1)
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