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texcom inc (TEXC) Snapshot

Open
$0.26
Previous Close
$0.25
Day High
$0.26
Day Low
$0.22
52 Week High
03/19/14 - $0.27
52 Week Low
04/25/13 - $0.11
Market Cap
12.4M
Average Volume 10 Days
99.1K
EPS TTM
--
Shares Outstanding
49.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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texcom inc (TEXC) Details

TexCom, Inc., along with its subsidiaries, provides environmental services to the oil and gas industry in the U.S. Gulf Coast region. It focuses on the disposal of non-hazardous wastes generated from the exploration and production of oil and natural gas. The company engages in processing and disposing non-hazardous oilfield wastes, including oil and water-based muds, drill cuttings, completion fluids, produced sands, and tank and pit sludge; and frac water and naturally occurring radioactive material (NORM). Its services also include waste offloading, pre-screening, and vehicle and container washouts; and client-specific NORM monitoring and surveying, NORM safety briefs and regulatory updates, on-site multi-channel analyzer laboratory tests, and documentation required for regulatory compliance purposes. The company serves oil companies, and independent exploration and production companies. TexCom, Inc. was founded in 2003 and is headquartered in Houston, Texas.

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texcom inc (TEXC) Key Developments

TexCom, Inc. Announces Earnings Results for the Year Ended December 31, 2013

TexCom, Inc. announced earnings results for the year ended December 31, 2013. For the year, the company reported that revenues totaled $15.89 million, increasing 38% from $11.53 million. Operating income increased 45% to $5.08 million from $3.50 million. Income before income taxes increased 300% to $4.28 million from $1.43 million. Net income available to shareholders was essentially flat at $3.88 million compared to $3.77 million. In both years, the company revalued its deferred income tax asset resulting from its net operating loss carryforwards and other book-to-tax differences. As a result, the company recognized $10,000 of income tax expense in 2013, compared to a benefit of $2.65 million for 2012. Earnings per share on a fully diluted basis were unchanged at $0.05.

TexCom, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

TexCom, Inc. announced earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's revenues totaled $4.15 million, increasing 57% from $2.65 million. Operating income increased 45% to $1.05 million from $721,000. Net income available to shareholders decreased from $2.28 million to $2.05 million. Earnings per share on a fully diluted basis were unchanged at $0.03. For the nine months, the company's revenues totaled $11.8 million, increasing 33% from $8.86 million. Operating income increased 44% to $4.25 million from $2.95 million. Net income available to shareholders rose 6% to $3.62 million from $3.43 million. Earnings per share on a fully diluted basis were unchanged at $0.05.

Texcom, Inc. Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2013; Provides Production Update

Texcom, Inc. announced financial results for the second quarter and six months ended June 30, 2013. For the quarter, the company's revenues totaled $4.08 million, increasing 11% from $3.68 million. Net income available to shareholders decreased from $1.23 million to $935,000. In 2012, the company revalued its deferred income tax asset resulting from its net operating loss carryforwards (NOLs). As a result, the company recognized $560,000 of income tax expense in the second quarter of 2013, compared to no expense for the second quarter of 2012. Earnings per share on a fully diluted basis were $0.01, a decrease from $0.02. Operating income increased 24% to $1.81 million from $1.46 million. For the six months, the company's revenues totaled $7.64 million, increasing 23% from $6.21 million. Net income available to shareholders increased 37% to $1.57 million from $1.15 million. In 2012, the company revalued its deferred income tax asset resulting from its net operating loss carryforwards (NOLs). As a result, the company recognized $970,000 of income tax expense in the first six months of 2013, compared to no expense for the first six months of 2012. Earnings per share of a fully diluted basis were $0.02, an increase from $0.01. Operating income increased 44% to $3.21 million from $2.23 million The second well at the Atascosa County site has been drilled and completed and surface equipment facilities are being installed. The company expects that well to go into operation during the early part of the fourth quarter of 2013.

 

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Valuation TEXC Industry Range
Price/Earnings 4.5x
Price/Sales 1.1x
Price/Book 3.8x
Price/Cash Flow 3.7x
TEV/Sales 0.5x
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