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EBITDAX

   Also found in: Acronyms 0.01 sec.
EBITDAX
A measure of an oil, gas, or mineral company's ability to produce income on its operations in a given year. It is calculated as the company's revenue less its expenses (such as overhead), but including its tax liability, interest paid on debt, depreciation, amortization, and what it spends in exploring for new oil, gas, or mineral deposits. It is important to note that EBITDAX does not account for one-off or otherwise unusual revenues and expenses, only recurring ones. It is used when determining whether an energy or similar company can repay a loan; often a loan used to acquire another company.


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Operationally, there are major improvements in the operating profit (up 64 percent) and EBITDAX (up 41 percent)," she said.
General terms of the amendment expand the Net Debt to EBITDAX ratio from 3.
Credit metrics were strong as of March 31, 2009 as Pioneer generated latest 12 months (LTM) EBITDAX (earnings before interest, taxes, depreciation, amortization and exploration expense) of $1.
 
 
 
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