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FOMI (Formation Minerals) Pre-Tax Income : $-1.24 Mil (TTM As of Jul. 2024)


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What is Formation Minerals Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Formation Minerals's pretax income for the three months ended in Jul. 2024 was $0.29 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jul. 2024 was $-1.24 Mil. Formation Minerals's pretax margin was 802.78%.

During the past 4 years, Formation Minerals's highest Pretax Margin was -3354.05%. The lowest was -168000.00%. And the median was -18520.84%.


Formation Minerals Pre-Tax Income Historical Data

The historical data trend for Formation Minerals's Pre-Tax 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.

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Formation Minerals Pre-Tax Income Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Pre-Tax Income
-0.90 -1.05 -0.78 -1.68

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Pre-Tax 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 -0.32 -0.16 -1.35 -0.02 0.29

Competitive Comparison of Formation Minerals's Pre-Tax Income

For the Oil & Gas E&P subindustry, Formation Minerals's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Formation Minerals's Pre-Tax Income Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Formation Minerals's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Formation Minerals's Pre-Tax Income falls into.



Formation Minerals Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Formation Minerals's Pretax Income for the fiscal year that ended in Apr. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-1.156+-0.519+-0.004+0+-0.0010000000000001
=-1.68

Formation Minerals's Pretax Income for the quarter that ended in Jul. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-0.693+1.044+-0.035+0+-0.027
=0.29

Pre-Tax Income for the trailing twelve months (TTM) ended in Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.24 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.


Formation Minerals  (OTCPK:FOMI) Pre-Tax Income Explanation

Formation Minerals's Pretax Margin for the quarter that ended in Jul. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=0.289/0.036
=802.78%

During the past 4 years, Formation Minerals's highest Pretax Margin was -3354.05%. The lowest was -168000.00%. And the median was -18520.84%.

* 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.


Formation Minerals Pre-Tax Income Related Terms

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Formation Minerals Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
P.O. Box 67, Jacksboro, TX, USA, 76458
Formation Minerals Inc is engaged in the acquisition and management of high-growth oil and gas minerals and royalties in the U.S. basins. The company is focused on providing returns through asset growth generated by acquisitions and organic growth of properties. Its portfolio includes the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Delaware and Permian Basin of Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma.
Executives
Erik Savenstrand director 505 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
John Damien Trainor director, 10 percent owner, officer: Chief Executive Officer 505 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022