Parsley Energy (Parsley Energy) EBIT : $-4,558 Mil (TTM As of Sep. 2020)

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What is Parsley Energy EBIT?

Parsley Energy's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-4,558 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parsley Energy's annualized ROC % for the quarter that ended in Sep. 2020 was 7.54%. Parsley Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 3.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Parsley Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -43.32%.

Parsley Energy EBIT Historical Data

The historical data trend for Parsley 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.

Parsley Energy EBIT Chart

Parsley Energy Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

Get a 7-Day Free Trial

-53.91

-53.31

222.29

678.16

400.75

Parsley Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EBIT	Get a 7-Day Free Trial															206.95	-2.25	-4,266.58	-356.51	67.03

Competitive Comparison of Parsley Energy's EBIT

For the Oil & Gas E&P subindustry, Parsley 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.

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

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

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

Parsley 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4,558 Mil.

Parsley Energy (NYSE:PE) EBIT Explanation

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

Parsley Energy's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	659.172 * ( 1 - 11.22% )	/	( (7802.982	+	7726.683)	/ 2 )
=	585.2129016	/	7764.8325
=	7.54 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	7956.338	-	433.052	-	( 2.265	-	max(0, 613.222	-	333.526	+	2.265	))
=	7802.982

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	7844.936	-	456.673	-	( 4.662	-	max(0, 608.313	-	269.893	+	4.662	))
=	7726.683

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

Parsley Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	268.12	/	( ( (7608.077 + max(-289.808, 0))	+	(7564.815 + max(-333.823, 0)) )	/	2 )
=	268.12	/	( ( 7608.077	+	7564.815 )	/	2 )
=	268.12	/	7586.446
=	3.53 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(113.072	+	0	+	176.594)	-	(433.052	+	0	+	146.422)
=	-289.808

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(141.72	+	0	+	92.741)	-	(456.673	+	0	+	111.611)
=	-333.823

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=	-4558.31	/	10522.456
	=	-43.32 %

Parsley Energy EBIT Related Terms

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Parsley Energy (Parsley Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parsley Energy Inc (NYSE:PE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Colorado Street, Suite 3000, Austin, TX, USA, 78701

Website

http://www.parsleyenergy.com

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2019, it reported net proven reserves of 592 million barrels of oil equivalent. Net production averaged about 140,600 barrels per day in 2018, at a ratio of 62% oil, 21% natural gas liquids, and 17% natural gas.

Executives

Bryan Sheffield	director, officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Roberts Colin	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ryan Dalton	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ron Brokmeyer	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Vanloh S Wil Jr	director, 10 percent owner	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Karen Parfitt Hughes	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Q-jagged Peak Energy Investment Partners, Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700 HOUSTON TX 77010
Jerry Windlinger	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Hemang Desai	director	221 WEST 6TH STREET SUITE 750 AUSTIN TX 78701
David Henry Smith	director	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
James J. Kleckner	director	1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
William Browning	director	8066 PARK LANE, UNIT 602, DALLAS TX 75231
Qem V Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
A R Alameddine	director	303 COLORADO STREET, SUITE 3000, AUSTIN TX 78701
Matthew Gallagher	director, officer: See Remarks	500 W. TEXAS AVENUE, TOWER I, SUITE 200, MIDLAND TX 79701