US Energy (US Energy) EBIT : $-32.40 Mil (TTM As of Dec. 2023)

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What is US Energy EBIT?

US Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-20.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-32.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. US Energy's annualized ROC % for the quarter that ended in Dec. 2023 was -8.68%. US Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -92.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. US Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -97.00%.

US Energy EBIT Historical Data

The historical data trend for US 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.

US Energy EBIT Chart

US Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-0.83

-2.45

-1.44

-2.31

-32.13

US 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															-1.06	-1.04	-2.70	-8.64	-20.02

Competitive Comparison of US Energy's EBIT

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

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

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

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

US 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 $-32.40 Mil.

US Energy (NAS:USEG) EBIT Explanation

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

US 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 )
=	-7.948 * ( 1 - 2.26% )	/	( (104.754	+	74.229)	/ 2 )
=	-7.7683752	/	89.4915
=	-8.68 %

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	))
=	108.157	-	8.836	-	( 2.135	-	max(0, 12.104	-	6.671	+	2.135	))
=	104.754

	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	))
=	80.444	-	8.921	-	( 3.515	-	max(0, 11.078	-	8.372	+	3.515	))
=	74.229

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

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

US 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 )
=	-80.06	/	( ( (101.153 + max(-7.802, 0))	+	(71.767 + max(-6.439, 0)) )	/	2 )
=	-80.06	/	( ( 101.153	+	71.767 )	/	2 )
=	-80.06	/	86.46
=	-92.60 %

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)
=	(3.486	+	0	+	0.637)	-	(8.836	+	0	+	3.089)
=	-7.802

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.336	+	0	+	2.121)	-	(8.921	+	0	+	1.975)
=	-6.439

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-32.401	/	33.403
	=	-97.00 %

US Energy EBIT Related Terms

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US Energy (US Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » US Energy Corp (NAS:USEG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

UE22:Germany

Address

1616 S. Voss Rd., Suite 725, Houston, TX, USA, 77057

Website

https://www.usnrg.com

US Energy Corp is an independent energy company. It is focused on the acquisition and development of oil and natural gas-producing properties in the continental United States. It has business activities in South Texas and the Williston Basin in North Dakota. The company generates revenue from its interest in the sales of oil and natural gas production.

Executives

Randall D Keys	director	3 HICKORY SHADOWS DR, HOUSTON TX 77055
Mark L. Zajac	officer: Chief Financial Officer	70 SILVERMONT DR, THE WOODLANDS TX 77382
Wallis T Marsh	other: Member of 10% owner group	210 HERITAGE OAKS, HOUSTON TX 77024
King Oil & Gas Company, Inc.	other: Members of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Wdm Family Partnership, Lp	10 percent owner	210 HERITAGE OAKS LN, HOUSTON TX 77024
Katla Energy Holdings Llc	10 percent owner	1616 S VOSS RD, #530, HOUSTON TX 77057
Synergy Offshore Llc	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Benjamin Andrew Stamets	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Lubbock Energy Partners Llc	10 percent owner, other: Member of 10% owner group	1616 S. VOSS RD.,, STE 530, HOUSTON TX 77057
Lee Hightower	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Duane H King	director, 10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Llano Energy Llc	other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Banner Oil & Gas, Llc	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Joshua Lane Batchelor	director, 10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
John A Weinzierl	director, 10 percent owner, other: Member of 10% owner group	MEMORIAL RESOURCE DEVELOPMENT, LLC, 1301 MCKINNEY STREET, SUITE 2100, HOUSTON TX 77010