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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

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

 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Pretax Income 0.00 0.00 0.00 1.08 18.97 29.86 28.19 22.49 -95.50 -24.81

Mid-Con Energy Partners LP Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Pretax Income 17.00 0.08 -4.11 -7.94 -25.48 -57.96 -3.31 -15.77 -2.42 -3.31
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