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GuruFocus has detected 1 Warning Sign with Mid-Con Energy Partners LP $MCEP.
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Mid-Con Energy Partners LP (NAS:MCEP)
Pre-Tax Income
$-17.06 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. Mid-Con Energy Partners LP's pretax income for the three months ended in Mar. 2017 was $4.44 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $-17.06 Mil. Mid-Con Energy Partners LP's pretax margin was 24.03%.

During the past 7 years, Mid-Con Energy Partners LP's highest Pretax Margin was 48.25%. The lowest was -99.18%. And the median was 17.81%.


Definition

This is the income that a company earns before paying income taxes.

Mid-Con Energy Partners LP's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-17.263+-0.076+-7.487+0.012+0
=-24.81

Mid-Con Energy Partners LP's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=5.886+0.003+-1.45+0.003+0
=4.44

Mid-Con Energy Partners LP Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was -15.769 (Jun. 2016 ) + -2.421 (Sep. 2016 ) + -3.311 (Dec. 2016 ) + 4.442 (Mar. 2017 ) = $-17.06 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Mid-Con Energy Partners LP's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=4.442/18.483
=24.03%

During the past 7 years, Mid-Con Energy Partners LP's highest Pretax Margin was 48.25%. The lowest was -99.18%. And the median was 17.81%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mid-Con Energy Partners LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 0.000.000.001.0818.9729.8628.1922.49-95.50-24.81

Mid-Con Energy Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 0.08-4.11-7.94-25.48-57.96-3.31-15.77-2.42-3.314.44
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