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For the nine months ended 30 September 2016, Trans Energy, Inc. revenues decreased 29% to $7.6M. Net loss increased from $10.4M to $35.6M. Revenues reflect Pipeline Transmission segment decrease of 47% to $68K, Corporate segment decrease from $9K to $0K. Higher net loss reflects Exploration amd Production segment loss increase from $3.8M to $11.2M, Pipeline Transmission segment income decrease of 42% to $44K.
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Revenue | 2.25 | 2.9 | 2.5 | 1.64 |
Gross Profit | 0.81 | 0.12 | -0.05 | -0.41 |
Operating Income | -2.63 | -4.01 | -8.15 | -5.12 |
Net Income | -7.98 | -13.72 | -13.86 | -9.22 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Assets | 77.94 | 79.29 | 85.88 | 93.31 |
Total Liabilities | 149.42 | 143.43 | 136.58 | 130.31 |
Total Equity | -71.48 | -64.15 | -50.7 | -37 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.44 | -1.1 | -1.11 | -1.71 |
Cash From Investing Activities | 0.36 | 0.88 | 0.97 | -0.19 |
Cash From Financing Activities | 0 | 0 | 0 | 1.02 |
Net Change in Cash | -0.08 | -0.22 | -0.14 | -0.88 |
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