GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (FRA:RAX) » Definitions » EBIT

Range Resources (FRA:RAX) EBIT : €631 Mil (TTM As of Sep. 2024)


View and export this data going back to 1992. Start your Free Trial

What is Range Resources EBIT?

Range Resources's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €631 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Range Resources's annualized ROC % for the quarter that ended in Sep. 2024 was 2.40%. Range Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Range Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.46%.


Range Resources EBIT Historical Data

The historical data trend for Range Resources'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.

Range Resources EBIT Chart

Range Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,820.07 -447.71 556.99 1,490.55 1,122.73

Range Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 89.70 382.42 129.55 33.01 86.07

Competitive Comparison of Range Resources's EBIT

For the Oil & Gas E&P subindustry, Range Resources'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.


Range Resources's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Range Resources 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €631 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.


Range Resources  (FRA:RAX) EBIT Explanation

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

Range Resources's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=211.8 * ( 1 - 23.51% )/( (6843.62 + 6678.602)/ 2 )
=162.00582/6761.111
=2.40 %

where

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))
=6750.321 - 393.537 - ( 233.227 - max(0, 1152.769 - 665.933+233.227))
=6843.62

Invested Capital(Q: Sep. 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))
=6524.414 - 357.908 - ( 249.982 - max(0, 1102.738 - 590.642+249.982))
=6678.602

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Range Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=344.292/( ( (5959.846 + max(-68.763, 0)) + (5829.387 + max(-123.498, 0)) )/ 2 )
=344.292/( ( 5959.846 + 5829.387 )/ 2 )
=344.292/5894.6165
=5.84 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(191.147 + 0 + 241.559) - (393.537 + 23.262 + 84.67)
=-68.763

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(163.21 + 0 + 177.45) - (357.908 + 21.747 + 84.503)
=-123.498

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Range Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=631.05/9761.352
=6.46 %

* 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.


Range Resources EBIT Related Terms

Thank you for viewing the detailed overview of Range Resources's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Range Resources Business Description

Traded in Other Exchanges
Address
100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.

Range Resources Headlines

From GuruFocus

RACKSPACE HOSTING INC (RAX) CEO and President A Lanham Napier sells 455,000 Shares

By GuruFocus Research GuruFocus Editor 02-17-2011

RACKSPACE HOSTING INC (RAX) CFO Bruce R Knooihuizen sells 50,000 Shares

By GuruFocus Research GuruFocus Editor 03-04-2011

RACKSPACE HOSTING INC (RAX) CEO and President A Lanham Napier sells 82,500 Shares

By GuruFocus Research GuruFocus Editor 03-04-2010

RACKSPACE HOSTING INC (RAX) CFO Bruce R Knooihuizen sells 38,100 Shares

By GuruFocus Research GuruFocus Editor 04-19-2010

Baron Funds Comments on Rackspace Hosting

By Holly LaFon Holly LaFon 08-23-2012

RACKSPACE HOSTING INC (RAX) Chairman, 10% Owner Graham M Weston sells 100,000 Shares

By GuruFocus Research GuruFocus Editor 03-17-2010

RACKSPACE HOSTING INC (RAX) CEO and President A Lanham Napier sells 87,500 Shares

By GuruFocus Research GuruFocus Editor 03-04-2010

RACKSPACE HOSTING INC (RAX) COO Mark Roenigk sells 8,310 Shares

By GuruFocus Research GuruFocus Editor 12-22-2010

RACKSPACE HOSTING INC (RAX) CEO and President A Lanham Napier sells 87,500 Shares

By GuruFocus Research GuruFocus Editor 03-04-2010