Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) EBIT : $-15.41 Mil (TTM As of Sep. 2020)

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What is Mid-Con Energy Partners LP EBIT?

Mid-Con Energy Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-1.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-15.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mid-Con Energy Partners LP's annualized ROC % for the quarter that ended in Sep. 2020 was -0.86%. Mid-Con Energy Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -4.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mid-Con Energy Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -10.35%.

Mid-Con Energy Partners LP EBIT Historical Data

The historical data trend for Mid-Con Energy Partners LP's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mid-Con Energy Partners LP EBIT Chart

Mid-Con Energy Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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-88.24

-17.33

-20.86

-12.24

4.57

Mid-Con Energy Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EBIT	Get a 7-Day Free Trial															7.14	-6.72	4.06	-10.83	-1.91

Competitive Comparison of Mid-Con Energy Partners LP's EBIT

For the Oil & Gas E&P subindustry, Mid-Con Energy Partners LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mid-Con Energy Partners LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mid-Con Energy Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mid-Con Energy Partners LP's EV-to-EBIT falls into.

Mid-Con Energy Partners LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.41 Mil.

Mid-Con Energy Partners LP (NAS:MCEP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mid-Con Energy Partners LP's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-2.14 * ( 1 - 0% )	/	( (252.548	+	245.07)	/ 2 )
=	-2.14	/	248.809
=	-0.86 %

where

	Invested Capital		(Q: Jun. 2020 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	193.05	-	5.646	-	( 0.987	-	max(0, 79.342	-	14.198	+	0.987	))
=	252.548

	Invested Capital		(Q: Sep. 2020 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	186.87	-	6.182	-	( 0.424	-	max(0, 76.373	-	11.991	+	0.424	))
=	245.07

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

2. Joel Greenblatt's definition of Return on Capital:

Mid-Con Energy Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.636	/	( ( (173.6 + max(7.564, 0))	+	(171.749 + max(5.385, 0)) )	/	2 )
=	-7.636	/	( ( 181.164	+	177.134 )	/	2 )
=	-7.636	/	179.149
=	-4.26 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.026	+	0	+	9.185)	-	(5.646	+	0	+	0.0010000000000048)
=	7.564

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.114	+	0	+	7.453)	-	(6.182	+	0	+	0)
=	5.385

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mid-Con Energy Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=	-15.405	/	148.880
	=	-10.35 %

Mid-Con Energy Partners LP EBIT Related Terms

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Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mid-Con Energy Partners LP (NAS:MCEP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2431 East 61st Street, Suite 850, Tulsa, OK, USA, 74136

Website

http://www.midconenergypartners.com

Mid-Con Energy Partners LP is engaged in the development and production of oil and natural gas properties. The company's properties are located in Oklahoma and Wyoming core areas. It derives most of the revenue from the sale of oil and natural gas, of which a majority of the revenue is derived from oil sales.

Executives

White John Caperton Jr.	director	3949 MAPLE AVE SUITE 480 DALLAS TX 75219
Goff Family Investments, Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102-5478
Goff Mcep Holdings, Llc	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Robert J Boulware	director	101 JEFFERSON DRIVE, MENLO PARK CA 94025
Goff Mcep Ii Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Goff Ren Holdings Ii, Llc	10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478
Travis Goff	director, 10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478
Family Foundation Goff	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
John C. Goff 2010 Family Trust	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Goff Ren Holdings, Llc	10 percent owner	500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102
John C Goff	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Fred Norman Reynolds	director	420 THROCKMORTON ST., SUITE 750, FORT WORTH TX 76102
Goff Focused Energy Strategies Lp	10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
Chad B Roller	officer: President	2431 E 61ST STREET SUITE 850 TULSA OK 74136
Mclawhorn Charles L Iii	officer: VP General Counsel & Secretary	2501 NORTH HARWOOD DALLAS TX 75201