What does promissory note under asset purchase agreement mean?

Indicates the principal amount of debt instruments issued as part of the consideration for an asset acquisition. This metric provides transparency into the leverage utilized to fund expansion and the resulting future debt service obligations.

Legacy Reserves LGCY Promissory Note Under Asset Purchase Agreement

Promissory Note Under Asset Purchase Agreement at other companies

XTI Aerospace, Inc.XTIA

$2.98M—

FLL

Full House ResortsFLL

$74K+10.4%

Strawberry FieldsSTRW

$700K—

Cardinal Infrastructure Group, Inc. CDNL

$0—

ArcBestARCB

$29.48M+46.1%

UpexiUPXI

$260.65K0.0%

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?: Indicates the principal amount of debt instruments issued as part of the consideration for an asset acquisition. This metric provides transparency into the leverage utilized to fund expansion and the resulting future debt service obligations.