Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Gross Profit : $-3.10 Mil (TTM As of Sep. 2023)

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What is Evolve Transition Infrastructure LP Gross Profit?

Evolve Transition Infrastructure LP's gross profit for the three months ended in Sep. 2023 was $-1.00 Mil. Evolve Transition Infrastructure LP's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.10 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Evolve Transition Infrastructure LP's gross profit for the three months ended in Sep. 2023 was $-1.00 Mil. Evolve Transition Infrastructure LP's Revenue for the three months ended in Sep. 2023 was $5.92 Mil. Therefore, Evolve Transition Infrastructure LP's Gross Margin % for the quarter that ended in Sep. 2023 was -16.90%.

Evolve Transition Infrastructure LP had a gross margin of -16.90% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Evolve Transition Infrastructure LP was 44.05%. The lowest was -12.36%. And the median was 36.79%.

Warning Sign:

Evolve Transition Infrastructure LP gross margin has been in long-term decline. The average rate of decline per year is -5.8%.

Evolve Transition Infrastructure LP Gross Profit Historical Data

The historical data trend for Evolve Transition Infrastructure LP's Gross Profit 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 Profit Chart

Evolve Transition Infrastructure LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

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36.34

31.76

14.60

22.42

7.72

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 Profit	Get a 7-Day Free Trial															0.24	-0.68	-0.59	-0.82	-1.00

Competitive Comparison of Evolve Transition Infrastructure LP's Gross Profit

For the Oil & Gas Midstream subindustry, Evolve Transition Infrastructure LP's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Evolve Transition Infrastructure LP's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Evolve Transition Infrastructure LP's Gross Profit distribution charts can be found below:

* The bar in red indicates where Evolve Transition Infrastructure LP's Gross Profit falls into.

Evolve Transition Infrastructure LP Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Evolve Transition Infrastructure LP's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	36.109	-	28.393
	=	7.72

Evolve Transition Infrastructure LP's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	5.918	-	6.918
	=	-1.00

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.10 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Evolve Transition Infrastructure LP's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-1.00	/	5.918
	=	-16.90 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Evolve Transition Infrastructure LP (AMEX:SNMP) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Evolve Transition Infrastructure LP had a gross margin of -16.90% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Evolve Transition Infrastructure LP Gross Profit Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolve Transition Infrastructure LP (AMEX:SNMP) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

1360 Post Oak Boulevard, Suite 2400, Houston, TX, USA, 77056

Website

https://www.evolvetransition.com

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