Ranger Oil (Ranger Oil) EBIT : $654 Mil (TTM As of Mar. 2023)

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What is Ranger Oil EBIT?

Ranger Oil's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $129 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $654 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ranger Oil's annualized ROC % for the quarter that ended in Mar. 2023 was 22.05%. Ranger Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 27.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ranger Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 48.69%.

Ranger Oil EBIT Historical Data

The historical data trend for Ranger Oil'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.

Ranger Oil EBIT Chart

Ranger Oil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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249.03

108.54

-281.60

131.39

514.77

Ranger Oil Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial															-10.31	159.68	242.09	123.80	128.73

Competitive Comparison of Ranger Oil's EBIT

For the Oil & Gas E&P subindustry, Ranger Oil'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.

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

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

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

Ranger Oil 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $654 Mil.

Ranger Oil (NAS:ROCC) EBIT Explanation

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

Ranger Oil's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	426.524 * ( 1 - 0.86% )	/	( (1893.819	+	1941.93)	/ 2 )
=	422.8558936	/	1917.8745
=	22.05 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	2014.207	-	253.459	-	( 7.592	-	max(0, 333.542	-	200.471	+	7.592	))
=	1893.819

	Invested Capital		(Q: Mar. 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	))
=	2086.632	-	222.478	-	( 12.354	-	max(0, 272.078	-	194.302	+	12.354	))
=	1941.93

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

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

Ranger Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	514.928	/	( ( (1809.989 + max(-169.885, 0))	+	(1889.033 + max(-105.175, 0)) )	/	2 )
=	514.928	/	( ( 1809.989	+	1889.033 )	/	2 )
=	514.928	/	1849.511
=	27.84 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(109.149	+	19.341	+	34.26)	-	(253.459	+	0	+	79.176)
=	-169.885

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(111.726	+	16.305	+	27.829)	-	(222.478	+	0	+	38.557)
=	-105.175

When net working capital is negative, 0 is used.

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

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

Ranger Oil's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	654.299	/	1343.798
	=	48.69 %

Ranger Oil EBIT Related Terms

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Ranger Oil (Ranger Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Oil Corp (NAS:ROCC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

16285 Park Ten Place, Suite 500, Houston, TX, USA, 77084

Website

https://www.rangeroil.com

Ranger Oil Corp is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.

Executives

Richard Alan Burnett	director	12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Garrett Chunn	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kayla Baird	officer: VP, CAO and Controller	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Edward Geiser	director, 10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Joshua Schmidt	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kevin Cumming	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Iii Gp, L.p.	10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Ii Gp, L.p.	10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Temitope Ogunyomi	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Tim W Gray	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Julia Gwaltney	officer: Sr. Vice President-Development	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darrin J. Henke	director, officer: President and CEO	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Victor Frank Pottow	director	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darin G Holderness	director	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079