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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. Mid-Con Energy Partners LP's Net Income for the three months ended in Sep. 2020 was $-3.54 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2020 was $-20.55 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Mid-Con Energy Partners LP's Earnings per Share (Diluted) for the three months ended in Sep. 2020 was $-0.25.
The historical data trend for Mid-Con Energy Partners LP'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.
Mid-Con Energy Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Net Income | Get a 7-Day Free Trial | -95.50 | -24.81 | -27.33 | -18.25 | -0.60 |
Mid-Con Energy Partners LP Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Net Income | Get a 7-Day Free Trial | 5.96 | -7.87 | 2.78 | -11.93 | -3.54 |
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
Mid-Con Energy Partners LP's Net Income for the fiscal year that ended in Dec. 2019 is calculated as
Net Income | (A: Dec. 2019 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -0.599 | + | 0 | + | 0 | + | 0 |
= | -0.60 |
Mid-Con Energy Partners LP's Net Income for the quarter that ended in Sep. 2020 is calculated as
Net Income | (Q: Sep. 2020 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -3.539 | + | 0 | + | 0 | + | 0 |
= | -3.54 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-20.55 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.
Mid-Con Energy Partners LP (NAS:MCEP) 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:
Mid-Con Energy Partners LP's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2020 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2020 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-3.539 | - | 0) | / | 14.312 | |
= | -0.25 |
* 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 Mid-Con Energy Partners LP's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
White John Caperton Jr. | director | 3949 MAPLE AVE SUITE 480 DALLAS TX 75219 |
Goff Family Investments, Lp | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102-5478 |
Goff Mcep Holdings, Llc | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102 |
Robert J Boulware | director | 101 JEFFERSON DRIVE, MENLO PARK CA 94025 |
Goff Mcep Ii Lp | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102 |
Goff Ren Holdings Ii, Llc | 10 percent owner | 500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478 |
Travis Goff | director, 10 percent owner | 500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102-5478 |
Family Foundation Goff | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102 |
John C. Goff 2010 Family Trust | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102 |
Goff Ren Holdings, Llc | 10 percent owner | 500 COMMERCE STREET SUITE 700 FORT WORTH TX 76102 |
John C Goff | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102 |
Fred Norman Reynolds | director | 420 THROCKMORTON ST., SUITE 750, FORT WORTH TX 76102 |
Goff Focused Energy Strategies Lp | 10 percent owner | 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102 |
Chad B Roller | officer: President | 2431 E 61ST STREET SUITE 850 TULSA OK 74136 |
Mclawhorn Charles L Iii | officer: VP General Counsel & Secretary | 2501 NORTH HARWOOD DALLAS TX 75201 |
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