Mid-Con Energy Partners LP (Mid-Con Energy Partners LP) Operating Income : $-7.56 Mil (TTM As of Sep. 2020)

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What is Mid-Con Energy Partners LP Operating Income?

Mid-Con Energy Partners LP's Operating Income for the three months ended in Sep. 2020 was $-0.54 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2020 was $-7.56 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mid-Con Energy Partners LP's Operating Income for the three months ended in Sep. 2020 was $-0.54 Mil. Mid-Con Energy Partners LP's Revenue for the three months ended in Sep. 2020 was $10.13 Mil. Therefore, Mid-Con Energy Partners LP's Operating Margin % for the quarter that ended in Sep. 2020 was -5.28%.

Mid-Con Energy Partners LP's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT 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%.

Mid-Con Energy Partners LP Operating Income Historical Data

The historical data trend for Mid-Con Energy Partners LP's Operating Income 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 Operating Income Chart

Mid-Con Energy Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Operating Income

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-7.18

-0.03

10.01

13.76

5.46

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
Operating Income	Get a 7-Day Free Trial															1.46	0.59	-2.58	-5.05	-0.54

Mid-Con Energy Partners LP Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 $-7.56 Mil.

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

1. Operating Income or EBIT 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. Operating Income is also linked to Operating Margin %:

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

Operating Margin %	=	Operating Income (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	-0.535	/	10.129
	=	-5.28 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Mid-Con Energy Partners LP Operating Income Related Terms

Thank you for viewing the detailed overview of Mid-Con Energy Partners LP's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Operating Income

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