DALXF (Spartan Delta) Operating Income: $94.0 Mil (TTM As of Jun. 2026)

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DALXF Spartan Delta Corp DALXF
46 GF Score
Price $8.53
GF Value $3.69
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Spartan Delta Operating Income?

Spartan Delta DALXF +3.29% 46 Operating Income is $94.0 Mil as of Jun. 2026. GuruFocus rates DALXF with a GF Score™ of 46/100 and a GF Value™ of $3.69 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Spartan Delta's Operating Income for the three months ended in Jun. 2026 was $42.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $94.0 Mil.

Warning Sign:

Spartan Delta Corp has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Spartan Delta's Operating Income for the three months ended in Jun. 2026 was $42.6 Mil. Spartan Delta's Revenue for the three months ended in Jun. 2026 was $136.5 Mil. Therefore, Spartan Delta's Operating Margin % for the quarter that ended in Jun. 2026 was 31.18%.

Spartan Delta's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spartan Delta's annualized ROC % for the quarter that ended in Jun. 2026 was 15.14%. Spartan Delta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 21.92%.


Spartan Delta  (OTCPK:DALXF) Operating Income Explanation

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

Spartan Delta's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=170.296 * ( 1 - 23.37% )/( (891.341 + 832.108)/ 2 )
=130.4978248/861.7245
=15.14 %

where

Invested Capital(Q: Jun. 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))
=1003.207 - 241.66 - ( 19.821 - max(0, 261.987 - 191.426+19.821))
=832.108

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

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

Spartan Delta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=174.14/( ( (783.681 + max(-84.304, 0)) + (805.476 + max(-92.689, 0)) )/ 2 )
=174.14/( ( 783.681 + 805.476 )/ 2 )
=174.14/794.5785
=21.92 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.118 + 0 + 136.797) - (222.813 + 0 + 38.406)
=-84.304

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.334 + 0 + 127.971) - (241.66 + 0 + 14.334)
=-92.689

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

Spartan Delta's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=42.574/136.533
=31.18 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Spartan Delta Operating Income Related Terms


Spartan Delta Operating Income Historical Data

* Premium members only.

The historical data trend for Spartan Delta's Operating Income 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.

Spartan Delta Operating Income Chart

Spartan Delta Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 212.43 559.54 141.79 17.91 37.75

Spartan Delta Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 6.81 0.54 21.70 29.21 42.57
DALXF
46GF Score
Spartan Delta Corp DALXF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Spartan Delta Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $94.0 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $94.0 Mil mean?
Spartan Delta (DALXF) has a Operating Income of $94.0 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Spartan Delta and its competitors.
Is Spartan Delta's Operating Income too high?
Spartan Delta's current Operating Income is $94.0 Mil. Overall, Spartan Delta has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spartan Delta's Operating Income compare to COP and EOG?
Spartan Delta's Operating Income of $94.0 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 Operating Income for an Oil & Gas company?
A good Operating Income depends on the Oil & Gas industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Spartan Delta and its competitors. Spartan Delta's current Operating Income is $94.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spartan Delta stock overvalued right now?
Based on GuruFocus' analysis, Spartan Delta (DALXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.69, compared to a current price of $8.53 — trading 131.2% above its estimated fair value. The current Operating Income is $94.0 Mil. Spartan Delta's overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Spartan Delta (DALXF), the current Operating Income is $94.0 Mil as of Jun. 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.

Is Spartan Delta (DALXF) Overvalued in 2026?

Based on GuruFocus' analysis, Spartan Delta stock appears to be overvalued. The current stock price of $8.53 is trading 131.2% above its estimated GF Value™ of $3.69. GuruFocus considers Spartan Delta to be Significantly Overvalued.

Key valuation signals for DALXF:

  • Operating Income: $94.0 Mil
  • GF Value™: $3.69 vs. price of $8.53 (131.2% above fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the DALXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spartan Delta Business Description

Industry EnergyOil & Gas
Other Exchanges 4YJ0:GermanySDE:Canada
Address 350 - 7 th Avenue SW, Suite 1400, First Canadian Centre, Calgary, AB, CAN, T2P 3N9
Spartan Delta Corp is an oil and gas exploration and production company. The company is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company operates and focuses its activities in west central Alberta, the Deep Basin and in the West Shale Basin Duvernay. It is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development.
46GF Score

Get the complete analysis for DALXF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.53
Price
$3.69
GF Value