Atlas Energy Group, LLC (OTCQX: ATLS) is engaged as a limited liability corporation focused on the exploration, development, drilling, and production of oil & gas properties. Shares of the energy company are declining 14.74%, through early trading on Tuesday, April 18, 2017. Over the past month, Atlas Energy Group, LLC has seen average daily volume of 266,430 shares. However, volume of 437,516 shares or dollar volume of $63,417, has already exchanged hands on Tuesday.

Shares of Atlas Energy Group, LLC are facing pressure on Tuesday, after the company filed a 10-K form, which details of the company’s full year 2016 earnings and report. The energy company reported total revenues of $137.16 million during full year 2016, which is a sharp drop from 2015 total revenue results of $753.49 million. Costs and expenses also were sharply lower compared to 2015, but low oil & gas prices continue to put pressure on the company’s earnings. Here are the company’s selected financial results from the filed 10-K report:

Atlas Energy Group, LLC 10-K Filing:

Years Ended December 31,
  2016   2015     2014     2013     2012  
Statement of operations data:   (in thousands, except per unit data)  
Revenues:  
Gas and oil production $ 129,993 $ 368,845 $ 475,758 $ 273,906 $ 92,901
Well construction and completion 10,501 76,505 173,564 167,883 131,496
Gathering and processing 3,638 7,431 14,107 15,676 16,267
Administration and oversight 1,090 7,812 15,564 12,277 11,810
Well services 9,780 23,822 24,959 19,492 20,041
Gain (loss) on mark-to-market derivatives (18,601 ) 268,085
Other, net 757 993 4,558 (14,135 ) (3,346 )
Total revenues 137,158 753,493 708,510 475,099 269,169
Costs and expenses:  
Gas and oil production 78,034 171,882 184,296 100,178 26,624
Well construction and completion 9,131 66,526 150,925 145,985 114,079
Gathering and processing 5,112 9,613 15,525 18,012 19,491
Well services 4,088 9,162 10,007 9,515 9,280
General and administrative 56,459 109,569 90,476 89,957 75,475
Chevron transaction expense 7,670
Depreciation, depletion and amortization 82,381 166,929 242,079 139,916 52,582
Asset impairment 41,879 973,981 580,654 38,014 9,507
Total costs and expenses 277,084 1,507,662 1,273,962 541,577 314,708
Operating income (loss)  

(139,926

)  

(754,169

) (565,452 ) (66,478 ) (45,539 )
Gain (loss) on asset sales and disposal (469 ) (1,181 ) (1,859 ) (987 ) (6,980 )
Interest expense (83,744 ) (125,658 ) (73,435 ) (39,712 ) (4,548 )
Gain (loss) on extinguishment of debt, net 20,418 (4,726 )
Reorganization items, net (21,649 )
Gain on deconsolidation of Atlas Resource Partners, L.P. 46,951
Other loss (11,539 )
Net income (loss) $ (189,958 ) $ (885,734 ) $ (640,746 ) $ (107,177 ) $ (57,067 )
Balance sheet data (at period end):  
Property, plant and equipment, net $ 68,899 $ 1,316,897 $ 2,419,289 $ 2,186,683 $ 1,302,228
Total assets 105,076 1,918,114 3,026,315 2,455,870 1,526,652
Total debt, including current portion (1) 81,100 1,572,314 1,523,751 1,074,682 354,870
Total equity 1,434 7,959 915,215 1,043,996 868,804
Cash flow data:  
Net cash provided by operating activities $ 179,097 $ 7,065 $ 76,087 $ 3,841 $ 13,524
Net cash used in investing activities (28,913 ) (277,915 ) (962,947 ) (1,053,524 ) (837,825 )
Net cash provided by financing activities (169,389 ) 243,706 934,593 1,037,038 792,863
Capital expenditures (27,757 ) (156,360 ) (225,636 ) (267,480 ) (127,226 )
(1)   In April 2015, the FASB updated the accounting guidance related to the balance sheet presentation of debt issuance costs. The updated accounting guidance requires that debt issuance costs be presented as a direct deduction from the associated debt obligation. See “Item 8: Financial Statements and Supplementary Data – Note 2.”

Here is the 10-K report: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11998877#ATLS-10K_20161231_HTM_ITEM_6_SELECTED_FINANCIAL_DATA

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