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NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Scaled Net Operating Assets : 1.12 (As of Nov. 2023)


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What is NXG Cushing Midstream Energy Fund Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NXG Cushing Midstream Energy Fund's operating assets for the quarter that ended in Nov. 2023 was $106.91 Mil. NXG Cushing Midstream Energy Fund's operating liabilities for the quarter that ended in Nov. 2023 was $2.79 Mil. NXG Cushing Midstream Energy Fund's Total Assets for the quarter that ended in May. 2023 was $92.74 Mil. Therefore, NXG Cushing Midstream Energy Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 1.12.

NXG Cushing Midstream Energy Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NXG Cushing Midstream Energy Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(106.906-2.786)/122.765
=0.85

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=106.906 - 0
=106.906

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.101 - 19.315 - 0
=2.786

NXG Cushing Midstream Energy Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2023 )
=(Operating Assets (Q: Nov. 2023 )-Operating Liabilities (Q: Nov. 2023 ))/Total Assets (Q: May. 2023 )
=(106.906-2.786)/92.74
=1.12

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=106.906 - 0
=106.906

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.101 - 19.315 - 0
=2.786

* 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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NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NXG Cushing Midstream Energy Fund (NYSE:SRV) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201
Website
https://www.cushingcef.com
The Cushing MLP & Infrastructure Total Return Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in a portfolio of infrastructure master limited partnerships (MLPs) and MLP-related investments.
Executives
Todd Sunderland other: Adviser COO 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John Alban officer: CFO/Treasurer and Interim CCO THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mark Rhodes officer: President 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
John M. Musgrave other: Portfolio Manager 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Blake Nelson officer: Chief Financial Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Brian R Bruce director 5945 GLENDOWER LANE, PLANO TX 75093
Andrea Mullins director 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mathew Calabro officer: Chief Compliance Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Saket Kumar other: Adviser Managing Partner 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline other: Trustee 5101 TENNYSON PARKWAY, PLANO TX 75024
Jerry V Swank officer: President and CEO 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Daniel L Spears other: Partner C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206