GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kosmos Energy Ltd (NYSE:KOS) » Definitions » EBIT

Kosmos Energy (Kosmos Energy) EBIT : $476 Mil (TTM As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Kosmos Energy EBIT?

Kosmos Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $476 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kosmos Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 11.96%. Kosmos Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kosmos Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.44%.


Kosmos Energy EBIT Historical Data

The historical data trend for Kosmos Energy'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.

Kosmos Energy EBIT Chart

Kosmos Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 149.83 -314.48 68.44 460.19 475.67

Kosmos Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -170.34 166.11 79.47 164.30 66.47

Competitive Comparison of Kosmos Energy's EBIT

For the Oil & Gas E&P subindustry, Kosmos Energy'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.


Kosmos Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Kosmos Energy 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $476 Mil.

* 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.


Kosmos Energy  (NYSE:KOS) EBIT Explanation

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

Kosmos Energy's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1034.848 * ( 1 - 47.6% )/( (4546.458 + 4522.704)/ 2 )
=542.260352/4534.581
=11.96 %

where

Invested Capital(Q: Sep. 2023 )
=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))
=4969.401 - 525.565 - ( 138.742 - max(0, 564.418 - 461.796+138.742))
=4546.458

Invested Capital(Q: Dec. 2023 )
=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))
=4938.134 - 547.547 - ( 95.345 - max(0, 554.83 - 422.713+95.345))
=4522.704

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Kosmos Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=265.872/( ( (4179.969 + max(-258.38, 0)) + (4160.229 + max(-247.605, 0)) )/ 2 )
=265.872/( ( 4179.969 + 4160.229 )/ 2 )
=265.872/4170.099
=6.38 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.551 + 155.011 + 49.476) - (525.565 + 0 + 38.853)
=-258.38

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(100.59 + 152.054 + 54.581) - (547.547 + 0 + 7.283)
=-247.605

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Kosmos Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=476.341/5044.429
=9.44 %

* 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.


Kosmos Energy EBIT Related Terms

Thank you for viewing the detailed overview of Kosmos Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Kosmos Energy (Kosmos Energy) Business Description

Traded in Other Exchanges
Address
C/O Kosmos Energy LLC, 8176 Park Lane, Suite 500, Dallas, TX, USA, 75231
Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.
Executives
Roy A. Franklin director 8176 PARK LANE, SUITE 500, DALLAS TX 75231
Deanna L Goodwin director 11911 FM 529, HOUSTON TX 77041
Grant John Douglas Kelso director 8176 PARK LANE, SUITE 500, DALLAS TX 75231
Hanssen Maria Moraeus director 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
J Michael Stice director 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Dearlove Sir Richard Billing director C/O KOSMOS ENERGY LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Nealesh D. Shah officer: SVP and CFO C/O KOSMOS ENERGY, LLC, 8176 PARK LANE, SUITE 500, DALLAS TX 75231
Ronald W. Glass officer: VP & Chief Accounting Officer C/O DAVIS POLK & WARDWELL LLP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Richard Ryan Clark officer: SVP, President Gulf of Mexico 501 WHITE WING LANE, HOUSTON TX 77079
Andrew G Inglis director, officer: Director and CEO C/O KOSMOS ENERGY, LLC, 8176 PARK LANE, SUITE 500, DALLAS TX 75231
Steven Sterin director 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Lisa Ann Davis director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Warburg Pincus & Co. director, 10 percent owner 450 LEXINGTON AVENUE, NEW YORK, NY NY 100173147
Blackstone Holdings Iii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Iv Gp L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154

Kosmos Energy (Kosmos Energy) Headlines

From GuruFocus

Kosmos Energy Announces Launch of Senior Notes Offering

By Business Wire Business Wire 10-19-2021

Start Up of the Jubilee South East Project

By Business Wire 07-14-2023

Kosmos Energy Announces Greater Tortue Ahmeyim FPSO Sailaway

By Business Wire Business Wire 01-23-2023

Kosmos Energy Announces Pricing of Public Offering of Common Stock

By Business Wire Business Wire 10-15-2021

Kosmos Energy Announces New Appointments to Board of Directors

By Business Wire Business Wire 04-26-2023

4 Stocks With Low Price-to-Median-Price-Sales Values

By Alberto Abaterusso 09-12-2022