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Harbour Energy (CHIX:HBRL) EBIT : £650 Mil (TTM As of Jun. 2024)


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What is Harbour Energy EBIT?

Harbour Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £411 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £650 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harbour Energy's annualized ROC % for the quarter that ended in Jun. 2024 was 1.92%. Harbour Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 16.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harbour Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 15.15%.

Harbour Energy EBIT Historical Data

The historical data trend for Harbour Energy's EBIT 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.

Harbour Energy EBIT Chart

Harbour Energy Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-502.94 408.71 2,184.68 676.24

Harbour Energy Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only 1,289.13 881.26 438.77 238.58 411.08

Competitive Comparison of Harbour Energy's EBIT

For the Oil & Gas E&P subindustry, Harbour Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Harbour Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Harbour Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harbour Energy's EV-to-EBIT falls into.


Harbour Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £650 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.

Harbour Energy  (CHIX:HBRl) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Harbour Energy's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=962.064 * ( 1 - 85.46% )/( (7602.17 + 6968.676)/ 2 )
=139.8841056/7285.423
=1.92 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7818.63 - 529.3 - ( 221.2 - max(0, 1747.48 - 1434.64+221.2))
=7602.17

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7777.47 - 1113.762 - ( 423.654 - max(0, 1600.296 - 1295.328+423.654))
=6968.676

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Harbour Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=822.156/( ( (4992.8 + max(-708.63, 0)) + (5042.976 + max(-527.406, 0)) )/ 2 )
=822.156/( ( 4992.8 + 5042.976 )/ 2 )
=822.156/5017.888
=16.38 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(283.61 + 158 + 427.39) - (529.3 + 0 + 1048.33)
=-708.63

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(669.672 + 131.262 + 70.74) - (1113.762 + 0 + 285.318)
=-527.406

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Harbour Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=649.658/4288.604
=15.15 %

* 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.

Harbour Energy EBIT Related Terms

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Harbour Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Harbour Energy PLC (CHIX:HBRl) » Definitions » EBIT
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Traded in Other Exchanges
PMOIF:USA HBRIY:USA HBR:UK PQQ0:Germany
Address
23 Lower Belgrave Street, London, GBR, SW1W ONR
Website
https://www.harbourenergy.com
Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.

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