| Address:
|
ONE BENHAM PLACE
SUITE 600 |
| City: |
OKLAHOMA CITY |
|
State: |
OK |
|
Zip Code: |
73114 |
| Telephone: |
405-600-0711 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
GMX Resources Inc.(the "Company", "we" or "us") is a "pure play" independent oil
and natural gas exploration and production company focused on development of
unconventional Cotton Valley gas sands in the Sabine Uplift of the Carthage,
North Field of Harrison and Panola counties of East Texas (our "core area").
We have two subsidiaries, Diamond Blue Drilling Co. ("Diamond Blue") which owns
and operates three drilling rigs in our core area and Endeavor Pipeline Inc.
("Endeavor") which owns and operates our gathering system in our core area.
Our principal executive office is located at 9400 North Broadway, Suite 600,
Oklahoma City, Oklahoma, 73114 and our telephone number is (405) 600-0711.
History
We were incorporated in 1998 and acquired producing and undeveloped oil and
natural gas properties located primarily in our core area, Kansas and
southeastern New Mexico from a bankruptcy reorganization of a small,
privately-held company. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2009 | -14.88 | NA | N/E | | 06/2009 | -14.83 | NA | N/E | | 03/2009 | -14.19 | NA | N/E | | 12/2008 | -5.66 | NA | N/E | | 09/2008 | 1.98 | NA | 24.14 | | 06/2008 | 1.65 | NA | 44.91 | | 03/2008 | 1.12 | NA | 31.19 | | 12/2007 | 0.93 | NA | 34.71 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | -0.26 | Total Liab/Total Assets | 0.52 | | Net Inc/Total Assets | -0.14 | Total Liab/Inv Cap | 0.58 | | Net Inc/Inv Cap | -0.16 | Total Liab/Comm Equity | 0.94 | | Pretax Inc/Net Sales | -0.85 | Interest Coverage Ratio | -8.13 | | Net Inc/Net Sales | -0.65 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.70 | LTD/Equity | 0.85 | | SG&A/NetSales | 0.13 | Total Debt/Equity | 0.85 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 12.04 | Quick Ratio | 0.69 | | Inventory Turnover | 18.15 | Current Ratio | 0.71 | | Inventory Day Sales | 0.08 | Net Rec/Curr Assets | 0.24 | | Net Sales/Work Cap | -7.47 | Inv/Curr Assets | 0.02 | | Net Sales/PP&E | 0.24 | | |
Income Statement (Millions) |
| |
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Total Revenues(Net Sales)
|
23.07
|
22.84
|
22.83
|
24.09
|
|
Cost of Goods Sold
|
2.99
|
3.03
|
1.49
|
5.05
|
|
Selling & Admin Exps
|
4.81
|
5.32
|
4.45
|
4.94
|
|
Operating Income
|
7.44
|
4.86
|
-176.56
|
-146.53
|
|
Interest Exp
|
4.23
|
3.94
|
3.91
|
3.09
|
|
Pretax Income
|
1.76
|
-0.10
|
-180.79
|
-149.83
|
|
Other Income
|
-1.45
|
-1.01
|
-0.32
|
-0.22
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-2.78
|
-8.16
|
-124.43
|
-111.05
|
|
Assets
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Cash & Short Term Investments
|
4.19
|
27.61
|
36.00
|
28.04
|
|
Receivables - Total
|
7.86
|
6.55
|
7.00
|
9.72
|
|
Inventories - Total
|
0.53
|
0.53
|
0.76
|
0.69
|
|
Total Current Assets
|
30.25
|
36.33
|
45.84
|
40.49
|
|
Net Property, Plant & Equipment
|
447.07
|
428.59
|
395.86
|
518.40
|
|
Total Assets
|
535.84
|
529.96
|
513.73
|
577.85
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
44.51
|
48.23
|
49.99
|
57.27
|
|
Debt in Current Liabilities
|
0.06
|
0.06
|
0.06
|
0.06
|
|
Total Current Liabilities
|
44.57
|
48.29
|
50.05
|
57.33
|
|
Long-Term Debt
|
270.37
|
255.73
|
290.08
|
236.46
|
|
Total Liabilities
|
324.24
|
311.14
|
346.65
|
300.44
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.03
|
0.03
|
0.02
|
0.02
|
|
Retained Earnings
|
-195.60
|
-192.81
|
-183.49
|
-56.65
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
211.60
|
218.83
|
167.08
|
277.42
|
|
Total Liabilities and Stockholders' Equity
|
535.84
|
529.96
|
513.73
|
577.85
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Net Cash Provided by Operating Activities
|
11.11
|
12.74
|
7.84
|
28.97
|
|
Net Cash Provided by Investing Activities
|
-25.87
|
-41.88
|
-70.51
|
-106.80
|
|
Net Cash Provided by Financing Activities
|
13.88
|
26.36
|
63.81
|
28.63
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 7.83 | 1.44 | 0.19 | | 12/2005 | 19.19 | 7.16 | 0.79 | | 12/2006 | 32.03 | 8.97 | 0.64 | | 12/2007 | 68.11 | 16.89 | 0.93 | | 12/2008 | 125.74 | -81.71 | -5.66 | | Growth Rates | 100.16 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 128 | 28,254 | 90.52 |
|
Report Date :
3/1/2010
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