USD Partners LP (USD Partners LP) EBIT : $17.79 Mil (TTM As of Sep. 2023)

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What is USD Partners LP EBIT?

USD Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $2.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $17.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. USD Partners LP's annualized ROC % for the quarter that ended in Sep. 2023 was -1.10%. USD Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 11.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. USD Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 9.23%.

USD Partners LP EBIT Historical Data

The historical data trend for USD 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.

USD Partners LP EBIT Chart

USD Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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28.96

18.11

-9.99

29.52

-50.49

USD Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-65.95	0.75	5.83	8.87	2.35

Competitive Comparison of USD Partners LP's EBIT

For the Railroads subindustry, USD 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.

USD Partners LP's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, USD Partners LP's EV-to-EBIT distribution charts can be found below:

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

USD 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.79 Mil.

USD Partners LP (OTCPK:USDP) EBIT Explanation

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

USD Partners LP's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-2.352 * ( 1 - -25% )	/	( (267.226	+	266.776)	/ 2 )
=	-2.94	/	267.001
=	-1.10 %

where

	Invested Capital		(Q: Jun. 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	))
=	106.208	-	3.538	-	( 10.291	-	max(0, 204.981	-	40.425	+	10.291	))
=	267.226

	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	))
=	104.633	-	5.117	-	( 8.688	-	max(0, 209.066	-	41.806	+	8.688	))
=	266.776

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

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

USD Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.38	/	( ( (64.425 + max(21.447, 0))	+	(61.273 + max(20.301, 0)) )	/	2 )
=	9.38	/	( ( 85.872	+	81.574 )	/	2 )
=	9.38	/	83.723
=	11.20 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.084	+	0	+	28.05)	-	(3.538	+	1.746	+	3.403)
=	21.447

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.264	+	0	+	30.854)	-	(5.117	+	1.906	+	5.794)
=	20.301

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	17.792	/	192.748
	=	9.23 %

USD Partners LP EBIT Related Terms

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USD Partners LP (USD Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » USD Partners LP (OTCPK:USDP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Main Street, Suite 2800, Houston, TX, USA, 77002

Website

https://www.usdpartners.com

USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.

Executives

Jeffrey P. Wood	director, other: SEE REMARKS	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Keith Benson	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Francesco Ciabatti	director, other: See Remarks.	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Dan Borgen	director, officer: SEE REMARKS	9500 NEW CENTURY, PASADENA TX 77507
Michael Ray Curry	director, other: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Michael Jay Stanford	officer: Vice President, CAO	811 MAIN ST., SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Gp Iii, Lp	director, 10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
G Stacy Smith	director, other: SEE REMARKS	300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Ecp Controlco, Llc	director, 10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
Joshua Dean Ruple	officer: SEE REMARKS	811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Schuyler Coppedge	director, other: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Paul Leray Tucker	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Adam K Altsuler	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii-b (usd Ip), Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078