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Callon Petroleum Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $225 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $380 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Callon Petroleum Co's annualized ROC % for the quarter that ended in Dec. 2023 was 10.14%. Callon Petroleum Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.65%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Callon Petroleum Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.85%.
The historical data trend for Callon Petroleum Co'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.
For the Oil & Gas E&P subindustry, Callon Petroleum Co'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.
For the Oil & Gas industry and Energy sector, Callon Petroleum Co's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Callon Petroleum Co's EV-to-EBIT falls into.
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 $380 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.
Callon Petroleum Co (NYSE:CPE) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Callon Petroleum Co'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 ) |
= | 733.36 * ( 1 - 8.94% ) | / | ( (6596.078 | + | 6579.865) | / 2 ) |
= | 667.797616 | / | 6587.9715 | |||
= | 10.14 % |
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 | )) |
= | 6728.523 | - | 585.529 | - | ( 3.456 | - | max(0, 749.795 | - | 296.711 | + | 3.456 | )) |
= | 6596.078 |
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 | )) |
= | 6711.476 | - | 526.446 | - | ( 3.325 | - | max(0, 646.962 | - | 252.127 | + | 3.325 | )) |
= | 6579.865 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Callon Petroleum Co'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 ) |
= | 901.46 | / | ( ( (6129.193 + max(-513.903, 0)) | + | (6176.79 + max(-438.064, 0)) ) | / | 2 ) |
= | 901.46 | / | ( ( 6129.193 | + | 6176.79 ) | / | 2 ) |
= | 901.46 | / | 6152.9915 | ||||
= | 14.65 % |
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) |
= | (205.031 | + | 0 | + | 30.861) | - | (585.529 | + | 0 | + | 164.266) |
= | -513.903 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (166.887 | + | 0 | + | 42.011) | - | (526.446 | + | 0 | + | 120.516) |
= | -438.064 |
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:
Callon Petroleum Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2023 ) |
= | 379.908 | / | 4293.666 | |
= | 8.85 % |
* 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.
Thank you for viewing the detailed overview of Callon Petroleum Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Russell E. Parker | officer: Senior VP and COO | 1001 LOUISIANA STREET, HOUSTON TX 77002 |
Steven A Webster | director | 500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002 |
James E Craddock | director | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Kimmeridge Energy Management Company, Llc | 10 percent owner | 15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014 |
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Mary Shafer-malicki | director | 757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079 |
Johnson S P Iv | director | 10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391 |
Bcp Vii/bep Ii Holdings Manager L.l.c. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bma Vii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Blackstone Ema Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Blackstone Energy Management Associates Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Blackstone Management Associates Vii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
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