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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. Evolution Petroleum's Net Income for the three months ended in Dec. 2023 was $1.08 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $16.68 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Evolution Petroleum's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.03.
The historical data trend for Evolution Petroleum'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.
Evolution Petroleum Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 15.38 | 5.94 | -16.44 | 32.63 | 35.22 |
Evolution Petroleum Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Income | Get a 7-Day Free Trial | 10.39 | 13.96 | 0.17 | 1.47 | 1.08 |
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
Evolution Petroleum's Net Income for the fiscal year that ended in Jun. 2023 is calculated as
Net Income | (A: Jun. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 45.289 | + | -10.072 | + | 0 | + | 0 |
= | 35.22 |
Evolution Petroleum's Net Income for the quarter that ended in Dec. 2023 is calculated as
Net Income | (Q: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 1.636 | + | -0.554 | + | 0 | + | 2.2204460492503E-16 |
= | 1.08 |
Net Income 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 $16.68 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.
Evolution Petroleum (AMEX:EPM) 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:
Evolution Petroleum's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (1.082 | - | 0) | / | 32.900 | |
= | 0.03 |
* 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 businessThe 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.
Thank you for viewing the detailed overview of Evolution Petroleum's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
John Mark Bunch | officer: COO | 1155 DAIRY ASHFORD RD., SUITE 425, HOUSTON TX 77079 |
Kelly Beatty | officer: Principal Accounting Officer | 1155 DAIRY ASHFORD RD., SUITE 425, HOUSTON TX 77079 |
Myra C Bierria | director | 1155 DAIRY ASHFORD, SUITE 425, HOUSTON TX 77079 |
Ryan Stash | officer: SVP & CFO | 1155 DAIRY ASHFORD ROAD, SUITE 425, HOUSTON TX 77079 |
Roderick A. Schultz | officer: Chief Accounting Officer | 4621 PINERIDGE STREET, HOUSTON TX 77009 |
Marjorie Anne Hargrave | director | 999 18TH STREET, SUITE 1925N, DENVER CO 80202 |
Jason E. Brown | officer: President & CEO | 1000 LOUISIANA, SUITE 6700, HOUSTON TX 77002 |
Marran H. Ogilvie | director | 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
David Joe | officer: VP, Chief Admin. Officer | 2500 CITYWEST BLVD., SUITE 1300, HOUSTON TX 77042 |
Jvl Advisors, L.l.c. | 10 percent owner | 10,000 MEMORIAL DRIVE, SUITE 550, HOUSTON TX 77024 |
Randall D Keys | officer: President, CFO & Treasurer | 3 HICKORY SHADOWS DR, HOUSTON TX 77055 |
Peninsula Capital Management Inc | director | 235 PINE STREET, SUITE 1600, SAN FRANCISCO CA 94104 |
Kelly William Loyd | director | 10000 MEMORIAL DRIVE, SUITE 550, HOUSTON TX 77024 |
William Dozier | director | 3000 SAGE #1312, HOUSTON TX 77056 |
Gene G Stoever | director | 5415 GRAYSTONE LANE, HOUSTON TX 77069 |
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