Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) Days Payable : 11.06 (As of Sep. 2020)

View and export this data going back to 2011. Start your Free Trial

What is Mid-Con Energy Partners LP Days Payable?

Mid-Con Energy Partners LP's average Accounts Payable for the three months ended in Sep. 2020 was $0.94 Mil. Mid-Con Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2020 was $7.76 Mil. Hence, Mid-Con Energy Partners LP's Days Payable for the three months ended in Sep. 2020 was 11.06.

The historical rank and industry rank for Mid-Con Energy Partners LP's Days Payable or its related term are showing as below:

MCEP' s Days Payable Range Over the Past 10 Years
Min: 1.74 Med: 31.48 Max: 119.98
Current: 5.42

During the past 10 years, Mid-Con Energy Partners LP's highest Days Payable was 119.98. The lowest was 1.74. And the median was 31.48.

MCEP's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.43 vs MCEP: 5.42

Mid-Con Energy Partners LP's Days Payable increased from Sep. 2019 (3.30) to Sep. 2020 (11.06). It may suggest that Mid-Con Energy Partners LP delayed paying its suppliers.

Mid-Con Energy Partners LP Days Payable Historical Data

The historical data trend for Mid-Con Energy Partners LP's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mid-Con Energy Partners LP Days Payable Chart

Mid-Con Energy Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

Get a 7-Day Free Trial

33.54

12.91

3.63

2.99

1.75

Mid-Con Energy Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Payable	Get a 7-Day Free Trial															3.30	1.76	3.60	10.20	11.06

Competitive Comparison of Mid-Con Energy Partners LP's Days Payable

For the Oil & Gas E&P subindustry, Mid-Con Energy Partners LP's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mid-Con Energy Partners LP's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mid-Con Energy Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Mid-Con Energy Partners LP's Days Payable falls into.

Mid-Con Energy Partners LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mid-Con Energy Partners LP's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (0.141	+	0.32)	/	2 )	/	47.977	*	365
=	0.2305					/	47.977	*	365
=	1.75

Mid-Con Energy Partners LP's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (1.018	+	0.864)	/	2 )	/	7.761	*	365 / 4
=	0.941					/	7.761	*	365 / 4
=	11.06

Mid-Con Energy Partners LP Days Payable Related Terms

Thank you for viewing the detailed overview of Mid-Con Energy Partners LP's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mid-Con Energy Partners LP (NAS:MCEP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2431 East 61st Street, Suite 850, Tulsa, OK, USA, 74136

Website

http://www.midconenergypartners.com

Mid-Con Energy Partners LP is engaged in the development and production of oil and natural gas properties. The company's properties are located in Oklahoma and Wyoming core areas. It derives most of the revenue from the sale of oil and natural gas, of which a majority of the revenue is derived from oil sales.

Executives

White John Caperton Jr.	director	3949 MAPLE AVE SUITE 480 DALLAS TX 75219
Goff Family Investments, Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102-5478
Goff Mcep Holdings, Llc	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Robert J Boulware	director	101 JEFFERSON DRIVE, MENLO PARK CA 94025
Goff Mcep Ii Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Goff Ren Holdings Ii, Llc	10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478
Travis Goff	director, 10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478
Family Foundation Goff	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
John C. Goff 2010 Family Trust	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Goff Ren Holdings, Llc	10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102
John C Goff	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Fred Norman Reynolds	director	420 THROCKMORTON ST., SUITE 750, FORT WORTH TX 76102
Goff Focused Energy Strategies Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Chad B Roller	officer: President	2431 E 61ST STREET SUITE 850 TULSA OK 74136
Mclawhorn Charles L Iii	officer: VP General Counsel & Secretary	2501 NORTH HARWOOD DALLAS TX 75201