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Nabors Energy Transition (Nabors Energy Transition) Net Income : $-0.19 Mil (TTM As of Sep. 2023)


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What is Nabors Energy Transition Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Nabors Energy Transition's Net Income for the three months ended in Sep. 2023 was $0.43 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.19 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Nabors Energy Transition's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $0.03.


Nabors Energy Transition Net Income Historical Data

The historical data trend for Nabors Energy Transition's Net Income 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.

Nabors Energy Transition Net Income Chart

Nabors Energy Transition Annual Data
Trend Dec21 Dec22
Net Income
- 1.30

Nabors Energy Transition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.79 0.72 -1.30 -0.04 0.43

Nabors Energy Transition Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Nabors Energy Transition's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=2.11+-0.812+0+2.2204460492503E-16
=1.30

Nabors Energy Transition's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0.704+-0.277+0+5.5511151231258E-17
=0.43

Net Income 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 $-0.19 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.


Nabors Energy Transition  (NYSE:NETC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Nabors Energy Transition's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Nabors Energy Transition Net Income Related Terms

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Nabors Energy Transition (Nabors Energy Transition) Business Description

Traded in Other Exchanges
N/A
Address
515 West Greens Road, Suite 1200, Houston, TX, USA, 77067
Nabors Energy Transition Corp is a blank check company.
Executives
John Yearwood director HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Maria S. Dreyfus director 125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Anthony G Petrello director, 10 percent owner, officer: President, CEO and Secretary NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo officer: Chief Financial Officer P.O. BOX 60068, HOUSTON TX 77205-0068
Guillermo Sierra officer: VP, Energy Transition C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Jennifer Gill Roberts director C/O SEVIN ROSEN FUNDS, 13455 NOEL ROAD, SUITE 1670, DALLAS TX 75240
Calhoun Colleen director 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Siggi Meissner officer: President, Eng. & Tech. 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Energy Transition Sponsor Llc 10 percent owner 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Greens Road Energy Llc 10 percent owner 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Lux 2 S.a.r.l. 10 percent owner 8-10 AVENUE DE LA GARE, LUXEMBOURG CITY N4 L-1610