EnLink Midstream Partners LP (EnLink Midstream Partners LP) EBIT : $497 Mil (TTM As of Sep. 2018)

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What is EnLink Midstream Partners LP EBIT?

EnLink Midstream Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2018 was $97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2018 was $497 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EnLink Midstream Partners LP's annualized ROC % for the quarter that ended in Sep. 2018 was 5.19%. EnLink Midstream Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 5.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EnLink Midstream Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 11.67%.

EnLink Midstream Partners LP EBIT Historical Data

The historical data trend for EnLink Midstream Partners LP'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.

* Premium members only.

EnLink Midstream Partners LP EBIT Chart

EnLink Midstream Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

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-34.59

383.20

-1,276.20

-436.10

318.10

EnLink Midstream Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
EBIT	Get a 7-Day Free Trial															183.90	124.40	108.20	166.50	97.40

Competitive Comparison of EnLink Midstream Partners LP's EBIT

For the Oil & Gas Midstream subindustry, EnLink Midstream Partners LP'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.

EnLink Midstream Partners LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EnLink Midstream Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where EnLink Midstream Partners LP's EV-to-EBIT falls into.

EnLink Midstream Partners LP 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $497 Mil.

EnLink Midstream Partners LP (NYSE:ENLK) EBIT Explanation

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

EnLink Midstream Partners LP's annualized ROC % for the quarter that ended in Sep. 2018 is calculated as:

	ROC % (Q: Sep. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2018 )	+	Invested Capital (Q: Sep. 2018 ))	/ count )
=	490 * ( 1 - 1.7% )	/	( (9240.1	+	9328.9)	/ 2 )
=	481.67	/	9284.5
=	5.19 %

where

	Invested Capital		(Q: Jun. 2018 )
=	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	))
=	9660.1	-	776.9	-	( 36.5	-	max(0, 1270.3	-	913.4	+	36.5	))
=	9240.1

	Invested Capital		(Q: Sep. 2018 )
=	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	))
=	10073.6	-	973.1	-	( 63.6	-	max(0, 1473.8	-	1245.4	+	63.6	))
=	9328.9

Note: The Operating Income data used here is four times the quarterly (Sep. 2018) data.

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

EnLink Midstream Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2018		Q: Sep. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	389.6	/	( ( (6763.2 + max(-714, 0))	+	(6875.7 + max(-710.3, 0)) )	/	2 )
=	389.6	/	( ( 6763.2	+	6875.7 )	/	2 )
=	389.6	/	6819.45
=	5.71 %

where Working Capital is:

	Working Capital		(Q: Jun. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(73.2	+	60.8	+	22.9)	-	(776.9	+	0	+	94)
=	-714

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(198	+	153.4	+	12.5)	-	(973.1	+	0	+	101.1)
=	-710.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

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

EnLink Midstream Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2018 )
	=	496.5	/	4255.010
	=	11.67 %

EnLink Midstream Partners LP EBIT Related Terms

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EnLink Midstream Partners LP (EnLink Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnLink Midstream Partners LP (NYSE:ENLK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.enlink.com

Crosstex Energy LP is a midstream natural gas master limited partnership that gathers, transports, processes, and markets natural gas and natural gas liquids, primarily in Texas and Louisiana. The company operates gas gathering systems in the Barnett Shale and Louisiana, the largest intrastate pipeline in Louisiana, and large processing operations in South Louisiana.

Executives

Gip Iii Stetson Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Investors Iii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Gp Iii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator Ii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
West Street International Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Alaina K Brooks	director, officer: EVP, CL&AO, & Secretary	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
West Street European Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Infrastructure Advisors Iii, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Energy Advisors Aiv-1, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Enfield Holdings Advisors, Inc.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
Enfield Holdings, L.p.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
West Street Global Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282-2198
West Street Energy Partners Offshore Aiv-1, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282