New Source Energy Partners LP (New Source Energy Partners LP) Net Income : $-326.1 Mil (TTM As of Sep. 2015)

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What is New Source Energy Partners LP Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. New Source Energy Partners LP's Net Income for the three months ended in Sep. 2015 was $-61.5 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2015 was $-326.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. New Source Energy Partners LP's Earnings per Share (Diluted) for the three months ended in Sep. 2015 was $-3.38.

New Source Energy Partners LP Net Income Historical Data

The historical data trend for New Source Energy Partners LP's Net 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.

New Source Energy Partners LP Net Income Chart

New Source Energy Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Net Income

11.17

-1.08

3.11

26.62

-42.32

New Source Energy Partners LP Quarterly Data
	Dec10	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Net Income	Get a 7-Day Free Trial													-3.00	-39.37	-114.34	-110.84	-61.53

New Source Energy Partners LP Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

New Source Energy Partners LP's Net Income for the fiscal year that ended in Dec. 2014 is calculated as

	Net Income		(A: Dec. 2014 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-42.075	+	0	+	0	+	-0.242
=	-42.3

New Source Energy Partners LP's Net Income for the quarter that ended in Sep. 2015 is calculated as

	Net Income		(Q: Sep. 2015 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-61.528	+	0	+	0	+	0
=	-61.5

Net Income for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-326.1 Mil.

New Source Energy Partners LP (OTCPK:NSLPQ) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

New Source Energy Partners LP's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2015 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2015 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-61.528	-	1.608)	/	18.693
	=	-3.38

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

New Source Energy Partners LP Net Income Related Terms

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New Source Energy Partners LP (New Source Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Source Energy Partners LP (OTCPK:NSLPQ) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

914 North Broadway, Suite 230, Oklahoma City, OK, USA, 73102

Website

http://www.newsource.com

New Source Energy Partners LP is engaged in the development and production of onshore oil and natural gas properties which are extended across the conventional resource reservoirs in east-central Oklahoma. In addition, it is also involved in the oilfield services which provides essential well site services during the drilling and completion stages of a well, including full-service blowout prevention installation, pressure testing services, including certain ancillary equipment necessary to perform such services, well testing and flowback services to companies in the oil and natural gas industry primarily in Oklahoma, Texas, New Mexico, Kansas, Pennsylvania, Ohio and West Virginia.

Executives

Paula Maxwell	officer: Vice President Accounting	914 N. BROADWAY OKLAHOMA CITY OK 73102
Kristian B Kos	director, officer: Chairman and CEO	P.O. BOX 1097 OKLAHOMA CITY OK 73101
David James Chernicky	10 percent owner	1307 S BOULDER AVE FL400 TULSA OK 74119
Amber Bonney	officer: VP and PAO	914 N. BROADWAY, SUITE 230, OKLAHOMA CITY OK 73102
Tom R Russell	officer: VP, Senior Counsel and Sec	914 N. BROADWAY, SUITE 230 OKLAHOMA CITY OK 73102
J Carter Robinson	officer: VP Administration	914 N. BROADWAY, SUITE 230 OKLAHOMA CITY OK 73102
Carol T Bryant	officer: Senior Engineer	914 NORTH BROADWAY SUITE 230 OKLAHOMA CITY OK 73102
Dikran Tourian	director, officer: President and COO	914 NORTH BROADWAY, SUITE 230 OKLAHOMA CITY OK 73102
Reynolds Charles Lee Iii	director	914 NORTH BROADWAY SUITE 230 OKLAHOMA CITY OK 73102
Scintilla, Llc	10 percent owner	1435 SOUTH BOULDER, SUITE 110 TULSA OK 74119
John A Raber	director	1200 SMITH STREET SUITE 2300 HOUSTON TX 77002
New Source Energy Corp	10 percent owner, other: Director by Deputization	914 NORTH BROADWAY SUITE 230 OKLAHOMA CITY OK 73102
V Bruce Thompson	director	1600 BROADWAY STE 2200, C/O FOREST OIL CORP, DENVER CO 80202
Richard Finley	officer: CFO and Treasurer	1421 E 45TH ST SHAWNEE OK 74804
Phil B Albert	director	1307 S BOULDER AVE FL400 TULSA OK 74119

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