VNRCQ.PFD (Vanguard Natural Resources LLC) EBIT : $-356.91 Mil (TTM As of Jun. 2019)

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What is Vanguard Natural Resources LLC EBIT?

Vanguard Natural Resources LLC's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2019 was $-370.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was $-356.91 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vanguard Natural Resources LLC's annualized ROC % for the quarter that ended in Jun. 2019 was -7.29%. Vanguard Natural Resources LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -121.08%.

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

Vanguard Natural Resources LLC EBIT Historical Data

The historical data trend for Vanguard Natural Resources LLC'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.

Vanguard Natural Resources LLC EBIT Chart

Vanguard Natural Resources LLC Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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134.11

-1,795.60

-719.64

19.16

Vanguard Natural Resources LLC Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
EBIT	Get a 7-Day Free Trial															-41.81	-16.04	94.84	-65.29	-370.42

Competitive Comparison of Vanguard Natural Resources LLC's EBIT

For the Oil & Gas E&P subindustry, Vanguard Natural Resources LLC'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.

Vanguard Natural Resources LLC's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Vanguard Natural Resources LLC 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-356.91 Mil.

Vanguard Natural Resources LLC (OTCPK:VNRCQ.PFD) EBIT Explanation

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

Vanguard Natural Resources LLC's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

	ROC % (Q: Jun. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2019 )	+	Invested Capital (Q: Jun. 2019 ))	/ count )
=	-91.952 * ( 1 - 0% )	/	( (1456.228	+	1066.476)	/ 2 )
=	-91.952	/	1261.352
=	-7.29 %

where

	Invested Capital		(Q: Mar. 2019 )
=	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	))
=	1466.166	-	4.426	-	( 5.512	-	max(0, 4.426	-	90.784	+	5.512	))
=	1456.228

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	1131.535	-	74.802	-	( 44.782	-	max(0, 116.552	-	106.809	+	44.782	))
=	1066.476

Note: The Operating Income data used here is four times the quarterly (Jun. 2019) data.

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

Vanguard Natural Resources LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2019		Q: Jun. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1481.688	/	( ( (1358.339 + max(80.846, 0))	+	(1008.304 + max(-23.897, 0)) )	/	2 )
=	-1481.688	/	( ( 1439.185	+	1008.304 )	/	2 )
=	-1481.688	/	1223.7445
=	-121.08 %

where Working Capital is:

	Working Capital		(Q: Mar. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.119	+	0	+	30.153)	-	(4.426	+	0	+	0)
=	80.846

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.892	+	0	+	19.135)	-	(74.802	+	0	+	11.122)
=	-23.897

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2019 )
	=	-356.912	/	0.000
	=	%

Vanguard Natural Resources LLC EBIT Related Terms

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Vanguard Natural Resources LLC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vanguard Natural Resources LLC (OTCPK:VNRCQ.PFD) » Definitions » EBIT

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Address

5847 San Felipe, Suite 3000, Houston, TX, USA, 77057

Website

https://www.grizzlyenergyllc.com

Grizzly Energy LLC is an onshore energy company. The company is focused on the acquisition and development of oil and natural gas properties in the United States. Its properties comprise of Anadarko, Arkoma, Big Horn, Green River, Gulf Coast and Permian.