Abraxas Petroleum (STU:AXOA) EBIT : €34.07 Mil (TTM As of Dec. 2022)

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What is Abraxas Petroleum EBIT?

Abraxas Petroleum's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was €-11.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was €34.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abraxas Petroleum's annualized ROC % for the quarter that ended in Dec. 2022 was 6.79%. Abraxas Petroleum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -92.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abraxas Petroleum's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 215.12%.

Abraxas Petroleum EBIT Historical Data

The historical data trend for Abraxas Petroleum'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.

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Abraxas Petroleum EBIT Chart

Abraxas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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57.02

-47.40

-134.18

-7.78

35.34

Abraxas Petroleum Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial															7.44	36.51	6.41	2.46	-11.31

Competitive Comparison of Abraxas Petroleum's EBIT

For the Oil & Gas E&P subindustry, Abraxas Petroleum'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.

Abraxas Petroleum's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Abraxas Petroleum's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Abraxas Petroleum's EV-to-EBIT falls into.

Abraxas Petroleum 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €34.07 Mil.

Abraxas Petroleum (STU:AXOA) EBIT Explanation

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

Abraxas Petroleum's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	3.808 * ( 1 - 0% )	/	( (54.245	+	57.87)	/ 2 )
=	3.808	/	56.0575
=	6.79 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	89.033	-	12.157	-	( 25.352	-	max(0, 12.159	-	34.79	+	25.352	))
=	54.245

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	66.596	-	6.011	-	( 2.715	-	max(0, 6.012	-	10.585	+	2.715	))
=	57.87

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Abraxas Petroleum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-45.236	/	( ( (53.985 + max(-2.719, 0))	+	(41.525 + max(1.859, 0)) )	/	2 )
=	-45.236	/	( ( 53.985	+	43.384 )	/	2 )
=	-45.236	/	48.6845
=	-92.92 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.426	+	0	+	4.012)	-	(12.157	+	0	+	0)
=	-2.719

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.605	+	0	+	3.265)	-	(6.011	+	0	+	-8.8817841970013E-16)
=	1.859

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

Abraxas Petroleum's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	34.069	/	15.837
	=	215.12 %

Abraxas Petroleum EBIT Related Terms

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Abraxas Petroleum (STU:AXOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraxas Petroleum Corp (STU:AXOA) » Definitions » EBIT

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Traded in Other Exchanges

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Address

19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259

Website

http://www.abraxaspetroleum.com

Abraxas Petroleum Corp is an independent energy company. It is primarily engaged in the acquisition, exploration, development, and production of oil and gas in the United States. The company's oil and gas assets are located in two operating regions, the Permian/Delaware Basin and the Rocky Mountain. It produces oil and gas from multiple stacked formations and various reservoirs, primarily the Bakken, Three Forks, and Red River formations. It generates the vast majority of its revenue from oil sales.

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