Event-Driven Stocks

PLAINS EXPLORATION & PRODUCTION CO

Energy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕

Signs4 gooddetails ↓

Financials

SEC XBRL · annual
 FY12FY11FY10FY09FY08FY07
Revenue$524.3M$430.3M$1.54B$1.19B$2.40B$1.27B
Operating income$171.3M$133.8M$358.2M$282.1M−$2.63B$419.6M
Net income$342.8M$206.7M$103.3M$136.3M−$709.1M$158.8M
Total assets$17.30B$9.79B$8.89B$7.73B$7.11B
Total liabilities
Equity$3.52B$3.26B$3.38B$3.20B$2.38B$3.34B
EPS (diluted)$-0.64$0.49$0.73$1.09$-6.52$1.99
Shares out.131.9M140.1M139.4M125.3M108.8M79.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2012
Operating margin
32.7%
Net margin
65.4%
Return on equity
9.7%
Return on assets
2.0%
Return on capital (ROCE)
1.0%
Liabilities / assets
Debt / equity
Book value / share
$26.67
Revenue growth (YoY)
21.8%
Net income growth (YoY)
65.9%

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 · FY2012
Accruals / assets
5.7%clean
Piotroski F-Score
5/8mixed

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 Score
87
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 100Financial strength 100

Our 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

4 good
  • Operating margin is positive
  • Revenue is growing year-over-year
  • 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.

Material events

SEC Form 8-K · most recent

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 ↗

Corporate family

Spun off from Plains Resources · Dec 6, 2002

From the spin-off filings we track. Follow a company to walk its own history.

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.