Golar LNG Partners LP (Golar LNG Partners LP) EBIT : $87.35 Mil (TTM As of Dec. 2020)

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What is Golar LNG Partners LP EBIT?

Golar LNG Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2020 was $26.43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was $87.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Golar LNG Partners LP's annualized ROC % for the quarter that ended in Dec. 2020 was 4.01%. Golar LNG Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 7.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Golar LNG Partners LP EBIT Historical Data

The historical data trend for Golar LNG Partners LP'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.

Golar LNG Partners LP EBIT Chart

Golar LNG Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

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269.54

237.27

173.47

114.35

91.97

Golar LNG Partners LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
EBIT	Get a 7-Day Free Trial															51.28	-13.65	33.35	41.23	26.43

Competitive Comparison of Golar LNG Partners LP's EBIT

For the Oil & Gas Midstream subindustry, Golar LNG Partners LP'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.

Golar LNG Partners LP's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Golar LNG Partners LP's EV-to-EBIT falls into.

Golar LNG Partners LP 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 Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $87.35 Mil.

Golar LNG Partners LP (OTCPK:GMLPF.PFD) EBIT Explanation

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

Golar LNG Partners LP's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2020 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	128.86 * ( 1 - 17.54% )	/	( (2626.142	+	2668.587)	/ 2 )
=	106.257956	/	2647.3645
=	4.01 %

where

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	2041.206	-	4.427	-	( 42.263	-	max(0, 729.06	-	139.697	+	42.263	))
=	2626.142

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	2027.661	-	44.53	-	( 48.783	-	max(0, 832.277	-	146.821	+	48.783	))
=	2668.587

Note: The Operating Income data used here is four times the quarterly (Dec. 2020) data.

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

Golar LNG Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2020		Q: Dec. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	105.7	/	( ( (1428.211 + max(-58.03, 0))	+	(1410.74 + max(-51.252, 0)) )	/	2 )
=	105.7	/	( ( 1428.211	+	1410.74 )	/	2 )
=	105.7	/	1419.4755
=	7.45 %

where Working Capital is:

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.513	+	2.625	+	59.4)	-	(4.427	+	0	+	132.141)
=	-58.03

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.466	+	1.719	+	57.357)	-	(44.53	+	10.574	+	71.69)
=	-51.252

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

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

Golar LNG Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2020 )
	=	87.348	/	0.000
	=	%

Golar LNG Partners LP EBIT Related Terms

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Golar LNG Partners LP (Golar LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Partners LP (OTCPK:GMLPF.PFD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Par-la-Ville Road, 2nd Floor, South East Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlngpartners.com

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The company has three reportable segments: LNG, FSRUs, and FING (floating liquefied natural gas vessel). It generates maximum revenue from the FSRUs segment. Its geographical segments are Brazil, Jordan, Indonesia, Kuwait, and the United Arab Emirates. The company's operational FSRU projects include Golar Spirit, Golar Igloo, Golar Eskimo, Golar Winter, Golar Freeze, and Nusantara Regas Satu.