SRRRF (Source Rock Royalties) EBIT: $1.10 Mil (TTM As of Mar. 2026)

What is Source Rock Royalties EBIT?

Source Rock Royalties SRRRF 40 EBIT is $1.10 Mil as of Mar. 2026. GuruFocus rates SRRRF with a GF Score™ of 40/100. The stock has 7 warning signs investors should review.

Source Rock Royalties's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $0.26 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Source Rock Royalties's annualized ROC % for the quarter that ended in Mar. 2026 was 5.44%. Source Rock Royalties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Source Rock Royalties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.82%.

Source Rock Royalties (OTCPK:SRRRF) EBIT Explanation

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

Source Rock Royalties's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	1.036 * ( 1 - 26.72% )	/	( (13.97	+	13.961)	/ 2 )
=	0.7591808	/	13.9655
=	5.44 %

where

	Invested Capital		(Q: Dec. 2025 )
=	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	))
=	17.363	-	0.385	-	( 3.008	-	max(0, 0.385	-	3.723	+	3.008	))
=	13.97

	Invested Capital		(Q: Mar. 2026 )
=	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	))
=	17.165	-	0.426	-	( 2.778	-	max(0, 0.426	-	3.754	+	2.778	))
=	13.961

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Source Rock Royalties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.036	/	( ( (13.126 + max(0.327, 0))	+	(13.093 + max(0.539, 0)) )	/	2 )
=	1.036	/	( ( 13.453	+	13.632 )	/	2 )
=	1.036	/	13.5425
=	7.65 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.698	+	0	+	0.014)	-	(0.385	+	0	+	0)
=	0.327

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.951	+	0	+	0.014)	-	(0.426	+	0	+	0)
=	0.539

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Source Rock Royalties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	1.098	/	28.781
	=	3.82 %

* 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.

Source Rock Royalties EBIT Related Terms

Source Rock Royalties EBIT Historical Data

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The historical data trend for Source Rock Royalties's EBIT can be seen below:

Source Rock Royalties EBIT Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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0.97

2.32

1.37

1.43

1.20

Source Rock Royalties Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															0.35	0.22	0.34	0.29	0.26

SRRRF vs WMB, EPD, KMI: EBIT Comparison

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties EV-to-EBIT vs Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's EV-to-EBIT falls into.

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40GF Score

Source Rock Royalties Ltd SRRRF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Source Rock Royalties 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.10 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $1.10 Mil mean?

Source Rock Royalties (SRRRF) has a EBIT of $1.10 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Source Rock Royalties.

Is Source Rock Royalties' EBIT too high?

Source Rock Royalties' current EBIT is $1.10 Mil. Overall, Source Rock Royalties has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.

How does Source Rock Royalties' EBIT compare to WMB and EPD?

Source Rock Royalties' EBIT of $1.10 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Source Rock Royalties. Source Rock Royalties's current EBIT is $1.10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Source Rock Royalties stock overvalued right now?

Source Rock Royalties (SRRRF) has a current EBIT of $1.10 Mil. The current EBIT is $1.10 Mil. Source Rock Royalties' overall GF Score™ is 40/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Source Rock Royalties (SRRRF), the current EBIT is $1.10 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Source Rock Royalties Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:ATLE TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG CQP TSX:PPL VG SHSE:601872 WES PAA DTM HKSE:01138 TSX:KEY

Other Exchanges BH1:Germany SRR:Canada

Address 421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is engaged in royalty revenue from oil and natural gas properties as reserves are produced by the operators over the economic life of the properties. It focused on acquiring and managing oil and gas royalties and mineral title interests. It has an oil-focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan.

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