EBITDAX


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EBITDAX

Earnings before interest, taxes, depreciation, amortization and exploration. 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.
References in periodicals archive ?
This quarters strong operating performance, together with increases in oil and NGL prices during the latter part of the year, resulted in Adjusted EBITDAX of $137.
The Company has referred to a "debt to trailing twelve month EBITDAX ratio" in this release to measure relative leverage of the Company.
Adjusted EBITDAX represents EBITDAX as further adjusted to reflect the items set forth in the table below, all of which will be required in determining our compliance with financial covenants under the credit agreements representing our senior credit facility and our second lien credit facility.
Adjusted EBITDAX from continuing operations for the three months ended 30 September 2012 was recorded as USD22.
Credit metrics continued to improve as of March 31, 2012 as Newfield generated latest 12 months (LTM) EBITDAX of $1.
Stand-alone E&P Adjusted EBITDAX is expected to be $1,700-$1,800 million with consolidated Adjusted EBITDAX of $2,050-$2,150 million in 2018.
Adjusted EBITDAX in the second quarter of 2016 includes the settlement of approximately $37 million of oil and natural gas derivative contracts prior to contract expiry.
The company posted consolidated EBITDAX at USD77m in the second quarter of 2011, an increase of 79 percent over the year-ago period.
Fourth quarter Stand-alone E&P Adjusted EBITDAX expected to be in the range of $370-$385 million with consolidated Adjusted EBITDAX of $430-$445 million, above the midpoint of previous fourth quarter guidance.
Both EBITDA and EBITDAX were significantly impacted by a 21 percent decrease in the company's crude oil realizations and a 44 percent decrease in North American natural gas realizations, compared to the second quarter of 2015.
The firm reported consolidated EBITDAX at USD77m in the second quarter of 2011, an increase of 79 percent compared to the same period in 2010.
All covenants under the agreement remain substantially the same except that the net debt to EBITDAX limitation has been raised from three times EBITDAX to five times EBITDAX through the end of 2016, and then reverts back to three times effective for the quarter ending March 31, 2017.