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GuruFocus has detected 2 Warning Signs with Mid-Con Energy Partners LP $MCEP.
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Mid-Con Energy Partners LP (NAS:MCEP)
Pre-Tax Income
$-24.81 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Mid-Con Energy Partners LP's pretax income for the three months ended in Dec. 2016 was $-3.31 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $-24.81 Mil. Mid-Con Energy Partners LP's pretax margin was -29.03%.

During the past 7 years, Mid-Con Energy Partners LP's highest Pretax Margin was 48.25%. The lowest was -99.18%. And the median was 17.81%.


Definition

This is the income that a company earns before paying income taxes.

Mid-Con Energy Partners LP's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-17.263+-0.076+-7.487+0.012+0
=-24.81

Mid-Con Energy Partners LP's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-1.863+0.055+-1.506+0.003+-4.4408920985E-16
=-3.31

Mid-Con Energy Partners LP Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was -3.313 (Mar. 2016 ) + -15.769 (Jun. 2016 ) + -2.421 (Sep. 2016 ) + -3.311 (Dec. 2016 ) = $-24.81 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Mid-Con Energy Partners LP's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=-3.311/11.404
=-29.03%

During the past 7 years, Mid-Con Energy Partners LP's highest Pretax Margin was 48.25%. The lowest was -99.18%. And the median was 17.81%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mid-Con Energy Partners LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 0.000.000.001.0818.9729.8628.1922.49-95.50-24.81

Mid-Con Energy Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 17.000.08-4.11-7.94-25.48-57.96-3.31-15.77-2.42-3.31
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