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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. WPX Energy's Net Income for the three months ended in Sep. 2020 was $-155 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2020 was $-1,074 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. WPX Energy's Earnings per Share (Diluted) for the three months ended in Sep. 2020 was $-0.28.
The historical data trend for WPX Energy's Net 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.
WPX Energy Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Net Income | Get a 7-Day Free Trial | -1,727.00 | -601.00 | -16.00 | 151.00 | 256.00 |
WPX Energy Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Net Income | Get a 7-Day Free Trial | 121.00 | -122.00 | -388.00 | -409.00 | -155.00 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
WPX Energy's Net Income for the fiscal year that ended in Dec. 2019 is calculated as
Net Income | (A: Dec. 2019 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 328 | + | -70 | + | -2 | + | 0 |
= | 256 |
WPX Energy's Net Income for the quarter that ended in Sep. 2020 is calculated as
Net Income | (Q: Sep. 2020 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -180 | + | 32 | + | -7 | + | 0 |
= | -155 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,074 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.
WPX Energy (NYSE:WPX) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
WPX Energy's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2020 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2020 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-155 | - | 0) | / | 561.000 | |
= | -0.28 |
* 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.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of WPX Energy's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Bryan K Guderian | officer: EVP Business Development | ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
J Kevin Vann | officer: EVP CFO | ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
Faulkner Stephen L Jr | officer: VP Controller and CAO | 3500 ONE WILLIAMS CENTER, TULSA OK 74172 |
Encap Energy Capital Fund X, L.p. | director, 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Encap Partners Gp, Llc | director, 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Felix Energy Investments Ii, Llc | director, 10 percent owner | 1530 16TH STREET, SUITE 500, DENVER CO 80202 |
Felix Investments Holdings Ii, Llc | director, 10 percent owner | 1530 16TH STREET, SUITE 500, DENVER CO 80202 |
Karl F Kurz | director | DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
Swanson Douglas E Jr | director | 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002 |
D Martin Phillips | director | 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002 |
Kimberly S Lubel | director | P.O. BOX 696000, SAN ANTONIO TX 78269-6000 |
Kelt Kindick | director | DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
Valerie Williams | director | C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017 |
John A Carrig | director | ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
Robert Herdman | director | ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
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