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Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Gross Property, Plant and Equipment : $187.15 Mil (As of Sep. 2023)


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What is Evolve Transition Infrastructure LP Gross Property, Plant and Equipment?

Evolve Transition Infrastructure LP's quarterly gross PPE declined from Mar. 2023 ($188.38 Mil) to Jun. 2023 ($187.71 Mil) and declined from Jun. 2023 ($187.71 Mil) to Sep. 2023 ($187.15 Mil).

Evolve Transition Infrastructure LP's annual gross PPE increased from Dec. 2020 ($105.32 Mil) to Dec. 2021 ($190.38 Mil) but then declined from Dec. 2021 ($190.38 Mil) to Dec. 2022 ($187.88 Mil).


Evolve Transition Infrastructure LP Gross Property, Plant and Equipment Historical Data

The historical data trend for Evolve Transition Infrastructure LP's Gross Property, Plant and Equipment 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.

Evolve Transition Infrastructure LP Gross Property, Plant and Equipment Chart

Evolve Transition Infrastructure LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 298.58 299.42 105.32 190.38 187.88

Evolve Transition Infrastructure LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Property, Plant and Equipment 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 188.19 187.88 188.38 187.71 187.15

Evolve Transition Infrastructure LP Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Evolve Transition Infrastructure LP  (AMEX:SNMP) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Evolve Transition Infrastructure LP Gross Property, Plant and Equipment Related Terms

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Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Business Description

Traded in Other Exchanges
N/A
Address
1360 Post Oak Boulevard, Suite 2400, Houston, TX, USA, 77056
Evolve Transition Infrastructure LP is focused on the acquisition, development, and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. It owns natural gas gathering systems, pipelines, and processing facilities in South Texas and continues to pursue energy transition infrastructure opportunities. It generates revenue from Gathering and transportation lease revenues.
Executives
Stonepeak Gp Holdings Lp 10 percent owner 55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Lp 10 percent owner, other: See Remarks 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp 10 percent owner, other: See Remarks 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc 10 percent owner, other: See Remarks 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
David D Kinder director 510 BERING DRIVE, SUITE 220, HOUSTON TX 77057
Michael A Heim director TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Michael A. Keuss officer: President / Chief Oper. Off. 1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Randall L. Gibbs director, officer: Chief Executive Officer 1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Hartigan Jonathan C. M. officer: President / Chief Invest. Off. 1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Gerald F Willinger director 1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Texas Midstream Holdco Llc 10 percent owner, other: See Remarks 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sanchez Antonio R Iii director, 10 percent owner 1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Michael Bricker director 55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sp Common Equity Subsidiary Llc 10 percent owner 1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Steen John T Iii director 55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001