What does promissory note under asset purchase agreement mean?

This represents the principal amount of debt issued in the form of a promissory note to fund the acquisition of assets. It serves as a measure of deferred payment obligations incurred during expansion activities. Investors monitor this to assess the company's reliance on debt financing for growth and its impact on future cash flow obligations.

Legacy Reserves LGCY Promissory Note Under Asset Purchase Agreement

Promissory Note Under Asset Purchase Agreement at other companies

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$2.98M—

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$74K+10.4%

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$12.22M-51.1%

Arq, Inc.ARQ

$0-100%

Cardinal Infrastructure Group, Inc. CDNL

$0—

Duos Technologies Group, Inc.DUOT

$442.45K+241%

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 LGCY:PromissoryNoteUnderAssetPurchaseAgreement.

The official record: Legacy Reserves’s 10-K, filed September 25, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Legacy Reserves's promissory note under asset purchase agreement?: Legacy Reserves (LGCY) reported promissory note under asset purchase agreement of $100K in Q2 2025.
What does promissory note under asset purchase agreement mean?: This represents the principal amount of debt issued in the form of a promissory note to fund the acquisition of assets. It serves as a measure of deferred payment obligations incurred during expansion activities. Investors monitor this to assess the company's reliance on debt financing for growth and its impact on future cash flow obligations.