Camber Energy Files 2024 10-K, Reports Assets & Liabilities
Ticker: CEIN · Form: 10-K · Filed: May 12, 2025 · CIK: 1309082
| Field | Detail |
|---|---|
| Company | Camber Energy, INC. (CEIN) |
| Form Type | 10-K |
| Filed Date | May 12, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, oil-and-gas, financials, subsequent-events
TL;DR
Camber Energy's 2024 10-K is in: $258M assets, $119M liabilities. Big subsequent events in April 2025.
AI Summary
Camber Energy, Inc. filed its 2024 10-K on May 12, 2025, reporting its fiscal year ended December 31, 2024. The company, formerly Lucas Energy, Inc., is involved in crude petroleum and natural gas. Key financial figures for the period include total assets of $258,136,858 and total liabilities of $119,301,921. Subsequent events noted include a convertible promissory note with FK Venture LLC on April 7, 2025, and share subscription agreements for Class A Common Shares related to Simmax and Remora on April 1, 2025.
Why It Matters
This filing provides a year-end financial snapshot for Camber Energy, Inc., detailing its assets and liabilities, which are crucial for investors and creditors to assess the company's financial health and operational standing.
Risk Assessment
Risk Level: medium — The company operates in the volatile oil and gas sector, and the filing details significant liabilities and subsequent events that could impact its financial stability.
Key Numbers
- $258.1B — Total Assets (As of fiscal year end 2024)
- $119.3B — Total Liabilities (As of fiscal year end 2024)
- 2024-12-31 — Fiscal Year End (Reporting period)
- 2025-05-12 — Filing Date (Date the 10-K was submitted)
- April 2025 — Subsequent Events (Significant transactions occurred after year-end)
Key Players & Entities
- CAMBER ENERGY, INC. (company) — Filer
- LUCAS ENERGY, INC. (company) — Former company name
- 15915 KATY FREEWAY SUITE 450 HOUSTON TX 77094 (company) — Business and mailing address
- 20241231 (date) — Fiscal year end
- 20250512 (date) — Filing date
- $258,136,858 (dollar_amount) — Total assets
- $119,301,921 (dollar_amount) — Total liabilities
- FK Venture LLC (company) — Party to a convertible promissory note
- 2025-04-07 (date) — Date of convertible promissory note with FK Venture LLC
- Simmax (company) — Party to a share subscription agreement
FAQ
What were Camber Energy's total revenues for the fiscal year ended December 31, 2024?
The provided snippet does not explicitly state total revenues for the fiscal year ended December 31, 2024. It focuses on assets and liabilities.
What is the nature of the convertible promissory note with FK Venture LLC dated April 7, 2025?
The filing indicates a convertible promissory note with FK Venture LLC, but the specific terms and conditions are not detailed in the provided text.
What are the key terms of the share subscription agreements with Simmax and Remora dated April 1, 2025?
The filing mentions share subscription agreements for Class A Common Shares with Simmax and Remora, but the specific details of these agreements are not provided in the excerpt.
What was Camber Energy's net income or loss for the fiscal year ended December 31, 2024?
The provided text does not contain information regarding Camber Energy's net income or loss for the fiscal year ended December 31, 2024.
What is the company's primary business activity as described in the 10-K?
Camber Energy, Inc. is primarily involved in Crude Petroleum & Natural Gas, as indicated by its Standard Industrial Classification code [1311].
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on May 12, 2025 regarding CAMBER ENERGY, INC. (CEIN).