GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Earthstone Energy Inc (NYSE:ESTE) » Definitions » EBIT

Earthstone Energy (Earthstone Energy) EBIT : $642 Mil (TTM As of Sep. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Earthstone Energy EBIT?

Earthstone Energy's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $140 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $642 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Earthstone Energy's annualized ROC % for the quarter that ended in Sep. 2023 was 13.59%. Earthstone Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 12.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Earthstone Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.20%.


Earthstone Energy EBIT Historical Data

The historical data trend for Earthstone Energy's EBIT 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.

Earthstone Energy EBIT Chart

Earthstone Energy Annual Data
Trend Mar13 Mar14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.58 9.81 -24.31 74.16 841.85

Earthstone Energy Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT 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 380.82 251.79 127.67 122.59 140.31

Competitive Comparison of Earthstone Energy's EBIT

For the Oil & Gas E&P subindustry, Earthstone Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Earthstone Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Earthstone Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Earthstone Energy's EV-to-EBIT falls into.



Earthstone Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $642 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.


Earthstone Energy  (NYSE:ESTE) EBIT Explanation

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

Earthstone Energy's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=742.012 * ( 1 - 17.84% )/( (3985.222 + 4985.183)/ 2 )
=609.6370592/4485.2025
=13.59 %

where

Invested Capital(Q: Sep. 2023 )
=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))
=5146.555 - 469.031 - ( 16.592 - max(0, 576.043 - 268.384+16.592))
=4985.183

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Earthstone Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=561.252/( ( (3813.899 + max(-202.013, 0)) + (4858.751 + max(-298.05, 0)) )/ 2 )
=561.252/( ( 3813.899 + 4858.751 )/ 2 )
=561.252/4336.325
=12.94 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.632 + 0 + 26.764) - (306.063 + 11.449 + 46.897)
=-202.013

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(209.927 + 0 + 41.865) - (469.031 + 6.338 + 74.473)
=-298.05

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Earthstone Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=642.364/3966.033
=16.20 %

* 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.


Earthstone Energy EBIT Related Terms

Thank you for viewing the detailed overview of Earthstone Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Earthstone Energy (Earthstone Energy) Business Description

Traded in Other Exchanges
N/A
Address
1400 Woodloch Forest Drive, Suite 300, The Woodlands, TX, USA, 77380
Earthstone Energy Inc is an independent oil and natural gas development and production company. The company focuses on the acquisition, development, exploration, and production of onshore, crude oil and natural gas reserves. It is also active in corporate mergers and the acquisition of oil and natural gas properties. The company's reserve portfolio consists of assets in the Midland Basin of West Texas, and the Eagle Ford Trend of South Texas. Its operations are all in the upstream segment of the oil and natural gas industry and are conducted onshore in the United States.
Executives
Tony Oviedo officer: EVP, PAO 909 FANNIN, SUITE 1850, HOUSTON TX 77010
Mark Jr Lumpkin officer: EVP and CFO 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Frank Alan Lodzinski director, officer: CEO 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Wp Energy Chisholm Holdings, L.p. 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xi-a, L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p. 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Partners Ii (us), L.p. 10 percent owner 450 LEXINGTON AVENUE, C/O WARBURG PINCUS LLC, NEW YORK NY 10017
Robert John Anderson officer: President 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Cypress Investments, Llc director 34 S. WYNDEN DR., SUITE 300, HOUSTON TX 77056
Post Oak Energy Holdings, Llc director 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056
Jay Frederick Joliat director 36801 WOODWARD AVE., SUITE 301, BIRMINGHAM MI 48009
Post Oak Energy Capital, Lp director 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056
Swanson Douglas E Jr director 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
Steven C. Collins officer: EVP and COO 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Encap Energy Capital Fund Xi, L.p. director, 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024