ECAOF (Eco (Atlantic) Oil & Gas) Operating Income: $-4.36 Mil (TTM As of Dec. 2025)

What is Eco (Atlantic) Oil & Gas Operating Income?

Eco (Atlantic) Oil & Gas ECAOF +4.62% 22 Operating Income is $-4.36 Mil as of Dec. 2025. GuruFocus rates ECAOF with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

Eco (Atlantic) Oil & Gas's Operating Income for the three months ended in Dec. 2025 was $0.90 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-4.36 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Eco (Atlantic) Oil & Gas's Operating Income for the three months ended in Dec. 2025 was $0.90 Mil. Eco (Atlantic) Oil & Gas's Revenue for the three months ended in Dec. 2025 was $2.00 Mil. Therefore, Eco (Atlantic) Oil & Gas's Operating Margin % for the quarter that ended in Dec. 2025 was 45.05%.

Eco (Atlantic) Oil & Gas'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. Eco (Atlantic) Oil & Gas's annualized ROC % for the quarter that ended in Dec. 2025 was 21.52%. Eco (Atlantic) Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

Eco (Atlantic) Oil & Gas (OTCPK:ECAOF) Operating Income Explanation

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

Eco (Atlantic) Oil & Gas's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	3.604 * ( 1 - 0% )	/	( (16.672	+	16.822)	/ 2 )
=	3.604	/	16.747
=	21.52 %

where

	Invested Capital		(Q: Sep. 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	))
=	18.93	-	1.364	-	( 2.131	-	max(0, 1.364	-	2.258	+	2.131	))
=	16.672

	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	))
=	19.926	-	1.265	-	( 3.02	-	max(0, 1.265	-	3.104	+	3.02	))
=	16.822

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Eco (Atlantic) Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.604	/	( ( (0 + max(-1.284, 0))	+	(0 + max(-1.201, 0)) )	/	2 )
=	3.604	/	( ( 0	+	0 )	/	2 )
=	3.604	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.08	+	0	+	0)	-	(1.364	+	0	+	0)
=	-1.284

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.064	+	0	+	0)	-	(1.265	+	0	+	0)
=	-1.201

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Eco (Atlantic) Oil & Gas's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	0.901	/	2
	=	45.05 %

* 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.

Eco (Atlantic) Oil & Gas Operating Income Related Terms

Eco (Atlantic) Oil & Gas Operating Income Historical Data

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The historical data trend for Eco (Atlantic) Oil & Gas's Operating Income can be seen below:

Eco (Atlantic) Oil & Gas Operating Income Chart

Eco (Atlantic) Oil & Gas Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Operating Income

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-3.51

-3.94

-38.36

-4.84

-5.71

Eco (Atlantic) Oil & Gas Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
Operating Income	Get a 7-Day Free Trial															-0.98	-2.05	-1.56	-1.65	0.90

22GF Score

Eco (Atlantic) Oil & Gas Ltd ECAOF

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Eco (Atlantic) Oil & Gas 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.36 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-4.36 Mil mean?

Eco (Atlantic) Oil & Gas (ECAOF) has a Operating Income of $-4.36 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Eco (Atlantic) Oil & Gas and its competitors.

Is Eco (Atlantic) Oil & Gas' Operating Income too high?

Eco (Atlantic) Oil & Gas' current Operating Income is $-4.36 Mil. Overall, Eco (Atlantic) Oil & Gas has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.

How does Eco (Atlantic) Oil & Gas' Operating Income compare to COP and EOG?

Eco (Atlantic) Oil & Gas' Operating Income of $-4.36 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 Eco (Atlantic) Oil & Gas and its competitors. Eco (Atlantic) Oil & Gas's current Operating Income is $-4.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Eco (Atlantic) Oil & Gas stock overvalued right now?

Eco (Atlantic) Oil & Gas (ECAOF) has a current Operating Income of $-4.36 Mil. The current Operating Income is $-4.36 Mil. Eco (Atlantic) Oil & Gas' overall GF Score™ is 22/100 with 1 warning sign 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 Eco (Atlantic) Oil & Gas (ECAOF), the current Operating Income is $-4.36 Mil as of Dec. 2025. 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.

Eco (Atlantic) Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:RBY TSXV:ALV TSX:JOY TSX:PRQ TSX:KEI TSX:GASX TSXV:HME TSX:CDR TSX:IPO TSX:PNE HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT

Other Exchanges ECO:UK EOI:Germany EOG:Canada

Address 181 Bay Street, Suite 320, Toronto, ON, CAN, M5J 2T3

Website https://www.ecooilandgas.com

Eco (Atlantic) Oil & Gas Ltd is an oil and gas exploration and development company. The company focused on the identification, acquisition, and development of petroleum opportunities around the world. Its project includes Orinduik Block; Cooper Block (PEL 030); Sharon Block (PEL 033); Guy Block (PEL 034) and Tamar Block (PEL 050) in Guyana and Namibia.

22GF Score

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$0.68

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