What is Legacy Reserves's impairment of intangible assets?

Legacy Reserves (LGCY) reported impairment of intangible assets of $0 in Q1 2026.

What does impairment of intangible assets mean?

This represents the reduction in the carrying value of finite-lived intangible assets when their fair value falls below their book value. It serves as an indicator of potential overvaluation of past acquisitions or declining utility of intellectual property and brand assets. High impairment charges often signal a need for management to re-evaluate their strategic investments.

Legacy Reserves LGCY Impairment of intangible assets

Impairment of intangible assets at other companies

Grid Dynamics Holdings, Inc.GDYN

$0—

American Healthcare REITAHR

$0—

Accel EntertainmentACEL

$0-100%

RDI

Reading International, Inc.RDI

$0—

Brand Engagement Network, Inc.BNAI

$3.37M—

CarGurus, Inc.CARG

$1.65M-13.2%

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

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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

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Operating margin14.4%-0.6pp

Net margin10.9%-1.4pp

FCF margin6.1%—

Returns & leverage

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Return on equity19.1%-5.6pp

Debt / equity0.3×-0.1×

Current ratio3.4×+0.7×

Where this comes from

Reported directly by Legacy Reserves in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

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 impairment of intangible assets?: Legacy Reserves (LGCY) reported impairment of intangible assets of $0 in Q1 2026.
What does impairment of intangible assets mean?: This represents the reduction in the carrying value of finite-lived intangible assets when their fair value falls below their book value. It serves as an indicator of potential overvaluation of past acquisitions or declining utility of intellectual property and brand assets. High impairment charges often signal a need for management to re-evaluate their strategic investments.