Crescent Energy Co (Crescent Energy Co) EBIT : $196 Mil (TTM As of Mar. 2024)

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What is Crescent Energy Co EBIT?

Crescent Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $196 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Crescent Energy Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.34%. Crescent Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Crescent Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.11%.

Crescent Energy Co EBIT Historical Data

The historical data trend for Crescent Energy Co'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.

Crescent Energy Co EBIT Chart

Crescent Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

100.31

-178.00

-381.79

612.83

491.03

Crescent Energy Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												301.29	97.78	-109.54	201.50	6.11

Competitive Comparison of Crescent Energy Co's EBIT

For the Oil & Gas E&P subindustry, Crescent Energy Co'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.

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

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

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

Crescent Energy Co 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $196 Mil.

Crescent Energy Co (NYSE:CRGY) EBIT Explanation

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

Crescent Energy Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	542.576 * ( 1 - 11.51% )	/	( (6484.982	+	6597)	/ 2 )
=	480.1255024	/	6540.991
=	7.34 %

where

	Invested Capital		(Q: Dec. 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	))
=	6803.335	-	452.958	-	( 2.974	-	max(0, 750.257	-	615.652	+	2.974	))
=	6484.982

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	6797.917	-	385.228	-	( 5.321	-	max(0, 748.076	-	563.765	+	5.321	))
=	6597

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Crescent Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	24.452	/	( ( (6115.826 + max(-74.499, 0))	+	(6167.31 + max(-113.456, 0)) )	/	2 )
=	24.452	/	( ( 6115.826	+	6167.31 )	/	2 )
=	24.452	/	6141.568
=	0.40 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(506.738	+	0	+	105.94)	-	(452.958	+	154.345	+	79.874)
=	-74.499

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(469.709	+	0	+	88.735)	-	(385.228	+	153.36	+	133.312)
=	-113.456

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	195.847	/	3205.728
	=	6.11 %

Crescent Energy Co EBIT Related Terms

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Crescent Energy Co (Crescent Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Energy Co (NYSE:CRGY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Travis Street, Suite 7200, Houston, TX, USA, 77002

Website

https://www.crescentenergyco.com

Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non?operated assets, mineral and royalty interests, and midstream infrastructure.

Executives

David C. Rockecharlie	director, officer: Chief Executive Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Brandi Kendall	director, officer: Chief Financial Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Independence Energy Aggregator L.p.	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Todd Falk	officer: Chief Accounting Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Bo Shi	officer: See Remarks	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
John Clayton Rynd	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Teacher Retirement System Of Texas	10 percent owner	1000 RED RIVER STREET, AUSTIN TX 78701
Benjamin Conner	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Co. Inc.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Bevin Brown	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Erich Bobinsky	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Assets Holdings Iii L.p.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001