Legacy Reserves Inc.
Energy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|
| Revenue | $416.5M | $554.9M | $436.3M | $314.4M |
| Operating income | −$121.1M | $47.8M | $18.1M | −$85.0M |
| Net income | $173.9M | $43.8M | −$53.9M | −$55.8M |
| Total assets | $1.27B | $1.47B | $1.49B | — |
| Total liabilities | $1.78B | $1.67B | $1.76B | — |
| Equity | −$510.2M | −$192.6M | $0 | $0 |
| EPS (diluted) | — | — | — | — |
| Shares out. | 114.8M | 109.4M | 100.0M | 98.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2019- Operating margin
- −29.1%
- Net margin
- 41.7%
- Return on equity
- −34.1%
- Return on assets
- 13.7%
- Return on capital (ROCE)
- −22.3%
- Liabilities / assets
- 140.3%
- Debt / equity
- —
- Book value / share
- $-4.44
- Revenue growth (YoY)
- −24.9%
- Net income growth (YoY)
- 296.7%
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 · FY2019- Altman Z″ (distress)
- -5.62distress
- Accruals / assets
- 9.4%moderate
- Piotroski F-Score
- 3/9weak
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. What these scores mean →
Signs
● 3 severe● 3 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
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-Kmissed a reporting deadline ↗Mar 18, 2019
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.
Material events
SEC Form 8-K · most recent- Other material eventMar 27, 2020
- Entered a material agreement · Terminated a material agreement · New financial obligation · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsDec 17, 2019
- Bankruptcy or receivership · Regulation FD disclosureNov 19, 2019
- Regulation FD disclosureSep 12, 2019
- Other material eventJun 24, 2019
- Bankruptcy or receivership · New financial obligation · Debt acceleration / triggering event · Delisting / listing-standard notice · Regulation FD disclosure · Other material eventJun 21, 2019
- Entered a material agreement · Regulation FD disclosure · Other material eventJun 14, 2019
- Entered a material agreementJun 13, 2019
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 ↗Event-driven situations (2)
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