Crescent Historical Income Statement
| CPG Stock | CAD 12.38 0.07 0.57% |
Historical analysis of Crescent Point income statement accounts such as Interest Expense of 76.7 M, Selling General Administrative of 101.6 M or Total Revenue of 2 B can show how well Crescent Point Energy performed in making a profits. Evaluating Crescent Point income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Crescent Point's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Crescent Point Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Crescent Point Energy is a good buy for the upcoming year.
Crescent |
About Crescent Income Statement Analysis
Crescent Point Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Crescent Point shareholders. The income statement also shows Crescent investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Crescent Point Income Statement Chart
Crescent Point Energy Income Statement is one of the three primary financial statements used for reporting Crescent's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Crescent Point Energy revenue and expense. Crescent Point Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Crescent Point's Net Income is very stable compared to the past year. As of the 29th of April 2024, Income Tax Expense is likely to grow to about 366.6 M, while Interest Expense is likely to drop about 76.7 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Crescent Point Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Crescent Point Energy. It is also known as Crescent Point overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Crescent Point's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Crescent Point Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Crescent Point's Net Income is very stable compared to the past year. As of the 29th of April 2024, Income Tax Expense is likely to grow to about 366.6 M, while Interest Expense is likely to drop about 76.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 1.7B | 2.0B | 2.3B | 2.1B | Total Revenue | 2.8B | 4.0B | 3.2B | 2.0B |
Crescent Point income statement Correlations
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Crescent Point Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crescent Point income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 2.7B | 4.3B | 786.1M | 951.7M | 1.1B | 1.5B | |
| Interest Expense | 170.4M | 94.6M | 88.9M | 64.7M | 126M | 76.7M | |
| Selling General Administrative | 116.8M | 80M | 120.7M | 120.9M | 165.2M | 101.6M | |
| Total Revenue | 2.9B | 1.5B | 2.8B | 4.0B | 3.2B | 2.0B | |
| Other Operating Expenses | 3.7B | 5.0B | 1.7B | 2.0B | 2.3B | 2.1B | |
| Operating Income | (820.8M) | (3.5B) | 1.2B | 2.0B | 1.1B | 1.1B | |
| Ebit | (820.8M) | (3.5B) | 1.2B | 2.0B | 1.8B | 1.9B | |
| Ebitda | 1.9B | 722.3M | 1.9B | 2.9B | 3.4B | 3.5B | |
| Total Operating Expenses | 876.8M | 657.4M | 739.2M | 835.9M | 2.1B | 2.2B | |
| Income Before Tax | (1.2B) | (3.1B) | 3.2B | 1.9B | 1.1B | 1.1B | |
| Net Income | (1.0B) | (2.5B) | 2.4B | 1.5B | 570.3M | 598.8M | |
| Income Tax Expense | (159M) | (627.6M) | 799.7M | 387.9M | 349.1M | 366.6M | |
| Total Other Income Expense Net | (371.5M) | 400.7M | 2.0B | (101.3M) | 84.6M | 91.7M | |
| Gross Profit | 14.7M | (2.9B) | 1.9B | 2.8B | 2.2B | 2.3B | |
| Cost Of Revenue | 2.9B | 4.4B | 936.4M | 1.2B | 963.3M | 1.6B | |
| Net Income From Continuing Ops | (1.0B) | (2.5B) | 2.4B | 1.5B | 799.4M | 839.4M | |
| Net Income Applicable To Common Shares | (1.0B) | (2.5B) | 2.4B | 1.5B | 1.7B | 1.8B | |
| Tax Provision | (159M) | (627.6M) | 799.7M | 387.9M | 253.7M | 266.4M | |
| Interest Income | 172.3M | 84.3M | 565M | 555.8M | 639.2M | 671.1M | |
| Net Interest Income | (170.4M) | (94.6M) | (88.9M) | (64.7M) | (126M) | (132.3M) | |
| Reconciled Depreciation | 2.7B | 4.3B | 786.1M | 951.7M | 1.1B | 1.9B |
Pair Trading with Crescent Point
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Crescent Point position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
| 0.91 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.77 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Crescent Stock
| 0.91 | MGRO | MustGrow Biologics Corp | PairCorr |
| 0.89 | BP | Backstageplay | PairCorr |
| 0.82 | AEMC | Alaska Energy Metals | PairCorr |
The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Crescent Point - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Crescent Point Energy to buy it.
The correlation of Crescent Point is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Crescent Point can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Crescent Point Energy information on this page should be used as a complementary analysis to other Crescent Point's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Crescent Stock analysis
When running Crescent Point's price analysis, check to measure Crescent Point's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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