14 Aug 2020quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $17.2 million and a net loss of $40.6 million for the period ended 2020-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Aug 2020debt financing▼ BadMajor
The company chose not to make the roughly $14.1 million interest payment due July 1, 2020 on its 11.25% senior notes due 2023, saying it wanted to evaluate financial alternatives; the 30-day grace period expired, creating an event of default under the indenture. On July 31, 2020 certain noteholders agreed to hold off on remedies until August 21, 2020, and the bank lenders extended their own forbearance (from the July 2 agreement) to the same date.
2 July 2020quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $17.2 million and a net loss of $40.6 million for the period ended 2020-06-30.
29 June 2020late filing notice▼ Bad
Lonestar Resources US Inc. notified the SEC that its quarterly report would be filed late.
17 June 2020debt financing▼ BadMajor
Effective June 11, 2020, lenders waived the default from the late Q1 2020 financial statements and cut the borrowing base from $290 million to $286 million, with the next redetermination due around July 1 (no later than July 31, 2020). Interest margins were reset (alternate base rate plus 2.0%-3.5%, or LIBO plus 3.0%-4.5%), and until the redetermination the company is restricted on new debt, liens, preferred dividends at LRAI and certain investments. About $267.0 million was borrowed as of April 30, 2020.
11 May 2020debt financing▼ BadMajor
On May 8, 2020 the main operating subsidiary, LRAI, amended its Citibank-led credit agreement (Twelfth Amendment) so the company can accept up to $2.2 million from an unsecured CARES Act loan. The company also said it will delay its Q1 2020 10-Q, now expected the week of June 22 and no later than June 29, 2020, citing COVID-19 disruption, and warned that the oil price collapse has hurt its cash flow and liquidity and may force it to shut in uneconomic production.
13 Apr 2020quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $37.0 million and a net loss of $110.8 million for the period ended 2020-03-31.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. VP - GEOSCIENCE Jana Payne disposed of 10,500 shares via option/appreciation-right settlement.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. CHIEF OPERATING OFFICER Barry Schneider exercised stock options for 18,000 shares and disposed of 22,383 shares.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. Chief Accounting Officer Jason N Werth exercised stock options for 6,000 shares and disposed of 7,407 shares.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. director John H Pinkerton exercised stock options for 30,000 shares and disposed of 30,000 shares.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. CEO Frank D Bracken III exercised stock options for 7,500 shares and disposed of 31,827 shares.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. VP - RESERVIOR ENGINEERING Thomas H Olle exercised stock options for 3,000 shares and disposed of 3,704 shares.
7 Apr 2020director interest notice● Neutral
Lonestar Resources US Inc. officer Gregory R Packer disposed of 7,500 shares via option/appreciation-right settlement.
31 Mar 2020substantial holder notice● Neutral
CEC GP, LLC, CEC Fund III GP, LLC, Chambers Energy Capital III, LP, J. Robert Chambers reported a Lonestar Resources US Inc. shareholding of 17,097,503 shares (40.70% of votes) in a periodic institutional filing.
14 Feb 2020substantial holder notice● Neutral
William R. Kruse, Deborah L. Kruse reported a Lonestar Resources US Inc. shareholding of 2,011,156 shares (8.10% of votes) in a periodic institutional filing.
31 Dec 2019substantial holder notice● Neutral
CEC GP, LLC, CEC Fund III GP, LLC, Chambers Energy Capital III, LP, J. Robert Chambers reported a Lonestar Resources US Inc. shareholding of 16,721,336 shares (40.10% of votes) in a periodic institutional filing.
18 Dec 2019substantial holder notice● Neutral
William R. Kruse, Deborah L. Kruse disclosed a new substantial Lonestar Resources US Inc. shareholding (6.30% of votes).
27 Nov 2019substantial holder notice● Neutral
B. Riley Financial, Inc, B. Riley Capital Management, LLC, BRC Partners Management GP, LLC, BRC Partners Opportunities Fund, LP, BR Dialectic Capital Management, LLC, Dialectic Antithesis Partners, LP reported a Lonestar Resources US Inc. shareholding of 1,191,494 shares (4.78% of votes) in a periodic institutional filing.
12 Nov 2019quarterly activities report● Neutral
Lonestar Resources US Inc. reported quarterly revenue of $53.1 million and net income of $16.2 million for the period ended 2019-09-30.
12 Nov 2019quarterly activities report● Neutral
Lonestar Resources US Inc. reported quarterly revenue of $53.1 million and net income of $16.2 million for the period ended 2019-09-30.
1 Oct 2019substantial holder notice● Neutral
CEC GP, LLC, CEC Fund III GP, LLC, Chambers Energy Capital III, LP, J. Robert Chambers reported a Lonestar Resources US Inc. shareholding of 16,353,336 shares (39.60% of votes) in a periodic institutional filing.
5 Aug 2019quarterly activities report● Neutral
Lonestar Resources US Inc. reported quarterly revenue of $52.2 million and net income of $13.3 million for the period ended 2019-06-30.
5 Aug 2019quarterly activities report● Neutral
Lonestar Resources US Inc. reported quarterly revenue of $52.2 million and net income of $13.3 million for the period ended 2019-06-30.
8 July 2019quarterly activities report● Neutral
Lonestar Resources US Inc. reported quarterly revenue of $52.2 million and net income of $13.3 million for the period ended 2019-06-30.
2 July 2019substantial holder notice● Neutral
CEC GP, LLC, CEC Fund III GP, LLC, Chambers Energy Capital III, LP, J. Robert Chambers reported a Lonestar Resources US Inc. shareholding of 15,993,503 shares (39.10% of votes) in a periodic institutional filing.
18 June 2019debt financing▲ Good
Effective June 17, 2019 the bank credit facility's borrowing base was raised from $275M to $290M, with some other provisions amended. This continues the facility's growth from the November 2018 amendment; the filing gives no borrowing amount.
13 May 2019quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $40.7 million and a net loss of $58.6 million for the period ended 2019-03-31.
10 May 2019quarterly activities report▼ Bad
Lonestar Resources US Inc. reported quarterly revenue of $40.7 million and a net loss of $58.6 million for the period ended 2019-03-31.
9 May 2019securities registration● Neutral
Lonestar Resources US Inc. filed the final prospectus for a registered offering.