Vanguard Natural Resources LLC (Vanguard Natural Resources LLC) Gross Margin % : -19.00% (As of Jun. 2019)

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What is Vanguard Natural Resources LLC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Vanguard Natural Resources LLC's Gross Profit for the three months ended in Jun. 2019 was $-13.48 Mil. Vanguard Natural Resources LLC's Revenue for the three months ended in Jun. 2019 was $70.92 Mil. Therefore, Vanguard Natural Resources LLC's Gross Margin % for the quarter that ended in Jun. 2019 was -19.00%.

The historical rank and industry rank for Vanguard Natural Resources LLC's Gross Margin % or its related term are showing as below:

VNRAQ.PFD' s Gross Margin % Range Over the Past 10 Years
Min: -1.01 Med: 66.58 Max: 90.85
Current: 15.23

During the past 13 years, the highest Gross Margin % of Vanguard Natural Resources LLC was 90.85%. The lowest was -1.01%. And the median was 66.58%.

VNRAQ.PFD's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.825 vs VNRAQ.PFD: 15.23

Vanguard Natural Resources LLC had a gross margin of -19.00% for the quarter that ended in Jun. 2019 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vanguard Natural Resources LLC was 0.00% per year.

Vanguard Natural Resources LLC Gross Margin % Historical Data

The historical data trend for Vanguard Natural Resources LLC's Gross Margin % 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.

Vanguard Natural Resources LLC Gross Margin % Chart

Vanguard Natural Resources LLC Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Gross Margin %

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46.54

23.35

-1.01

20.53

Vanguard Natural Resources LLC Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Gross Margin %	Get a 7-Day Free Trial															-40.42	-5.55	55.82	-69.49	-19.00

Competitive Comparison of Vanguard Natural Resources LLC's Gross Margin %

For the Oil & Gas E&P subindustry, Vanguard Natural Resources LLC's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Vanguard Natural Resources LLC's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vanguard Natural Resources LLC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vanguard Natural Resources LLC's Gross Margin % falls into.

Vanguard Natural Resources LLC Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Vanguard Natural Resources LLC's Gross Margin for the fiscal year that ended in Dec. 2018 is calculated as

Gross Margin % (A: Dec. 2018 )	=	Gross Profit (A: Dec. 2018 )	/	Revenue (A: Dec. 2018 )
	=	94.5	/	460.287
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(460.287 - 365.796)	/	460.287
	=	20.53 %

Vanguard Natural Resources LLC's Gross Margin for the quarter that ended in Jun. 2019 is calculated as

Gross Margin % (Q: Jun. 2019 )	=	Gross Profit (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	-13.5	/	70.921
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(70.921 - 84.396)	/	70.921
	=	-19.00 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Vanguard Natural Resources LLC (OTCPK:VNRAQ.PFD) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Vanguard Natural Resources LLC had a gross margin of -19.00% for the quarter that ended in Jun. 2019 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Vanguard Natural Resources LLC Gross Margin % Related Terms

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Vanguard Natural Resources LLC (Vanguard Natural Resources LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vanguard Natural Resources LLC (OTCPK:VNRAQ.PFD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5847 San Felipe, Suite 3000, Houston, TX, USA, 77057

Website

https://www.grizzlyenergyllc.com

Grizzly Energy LLC is an onshore energy company. The company is focused on the acquisition and development of oil and natural gas properties in the United States. Its properties comprise of Anadarko, Arkoma, Big Horn, Green River, Gulf Coast and Permian.