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What Is Stone Energy’s Oil and Gas Revenue Mix?

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Stone Energy’s oil and gas revenue mix

  • In 3Q16, Stone Energy’s (SGY) operating revenue from crude oil (USO), natural gas (UNG), and natural gas liquids sales totaled ~$93 million, a reduction of ~27% when compared with 3Q15.
  • As seen in the above chart, for 3Q16, ~76% (or ~$71 million) of operating revenues came from crude oil sales, ~17% (or ~$15 million) of operating revenues came from natural gas sales, whereas only ~7% (or ~$7 million) of operating revenues came from natural gas liquids sales.
  • Thus, a significant portion of SGY’s quarterly revenue came from crude oil sales. Crude oil prices are key drivers for SGY’s stock price.
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Other upstream players

Other upstream companies like Energen (EGN), EOG Resources (EOG), and Diamondback Energy (FANG) also get the majority of their operating revenue from crude oil sales.

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