Enerplus (Enerplus) Gross Profit : $646 Mil (TTM As of Dec. 2023)

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What is Enerplus Gross Profit?

Enerplus's gross profit for the three months ended in Dec. 2023 was $117 Mil. Enerplus's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $646 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Enerplus's gross profit for the three months ended in Dec. 2023 was $117 Mil. Enerplus's Revenue for the three months ended in Dec. 2023 was $415 Mil. Therefore, Enerplus's Gross Margin % for the quarter that ended in Dec. 2023 was 28.22%.

Enerplus had a gross margin of 28.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Enerplus was 53.76%. The lowest was -3.30%. And the median was 31.51%.

Enerplus Gross Profit Historical Data

The historical data trend for Enerplus's Gross Profit 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.

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Enerplus Gross Profit Chart

Enerplus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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297.19

95.28

410.69

1,158.97

646.45

Enerplus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															385.81	199.69	127.72	202.06	117.00

Competitive Comparison of Enerplus's Gross Profit

For the Oil & Gas E&P subindustry, Enerplus's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Enerplus's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enerplus's Gross Profit distribution charts can be found below:

* The bar in red indicates where Enerplus's Gross Profit falls into.

Enerplus Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Enerplus's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1694.333	-	1047.879
	=	646

Enerplus's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	414.537	-	297.542
	=	117

Gross Profit 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 $646 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Enerplus's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	117	/	414.537
	=	28.22 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Enerplus (NYSE:ERF) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Enerplus had a gross margin of 28.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

Enerplus Gross Profit Related Terms

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Enerplus (Enerplus) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

E17:Germany ERF:Canada

Address

3000, 333 - 7th Avenue S.W., The Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website

https://www.enerplus.com

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.