What is Legacy Reserves's net debt?

Legacy Reserves (LGCY) reported net debt of -$6.21M in Q1 2026.

How has Legacy Reserves's net debt changed year-over-year?

Legacy Reserves's net debt decreased by 1281.2% year-over-year, from $525.49K to -$6.21M.

What is the long-term trend for Legacy Reserves's net debt?

Over 3 years (2022 to 2025), Legacy Reserves's net debt has grown at a -5.3% compound annual growth rate (CAGR), from -$3.17M to -$2.69M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Legacy Reserves LGCY Net debt

Discontinued — last reported Q3 '26

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Other financials

Income statement

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Revenue$21.4M+15.0%

Operating income$3.9M+7.6%

Net income$3.0M+7.5%

EPS (diluted)$0.22+4.8%

Balance sheet

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Cash & equivalents$21.7M+25.1%

Total debt$15.5M-13.3%

Total equity$49.5M+26.1%

Total assets$75.5M+12.5%

Cash flow

See full

Operating cash flow$764.4K-16.8%

CapEx$248.6K-22.8%

Free cash flow$515.8K-13.6%

Valuation

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Market cap$147.9M+3.8%

Enterprise value$141.69M+1.3%

P/E17.4×-1.5×

P/S1.9×-0.3×

Profitability

See full

Operating margin14.4%-0.6pp

Net margin10.9%-1.4pp

FCF margin6.1%—

Returns & leverage

See full

Return on equity19.1%-5.6pp

Debt / equity0.3×-0.1×

Current ratio3.4×+0.7×

Where this comes from

Calculated from Legacy Reserves’s reported figures.

$15.5Mtotal debt−$21.7Mcash and equivalents=-$6.21M

The official record: Legacy Reserves’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Legacy Reserves's net debt?: Legacy Reserves (LGCY) reported net debt of -$6.21M in Q1 2026.
How has Legacy Reserves's net debt changed year-over-year?: Legacy Reserves's net debt decreased by 1281.2% year-over-year, from $525.49K to -$6.21M.
What is the long-term trend for Legacy Reserves's net debt?: Over 3 years (2022 to 2025), Legacy Reserves's net debt has grown at a -5.3% compound annual growth rate (CAGR), from -$3.17M to -$2.69M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.