Enerplus Historical Income Statement
| ERF Stock | CAD 28.06 0.15 0.54% |
Historical analysis of Enerplus income statement accounts such as Selling General Administrative of 65.9 M or Total Revenue of 1.1 B can show how well Enerplus performed in making a profits. Evaluating Enerplus income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Enerplus's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Enerplus 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 Enerplus is a good buy for the upcoming year.
Enerplus |
About Enerplus Income Statement Analysis
Enerplus 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 Enerplus shareholders. The income statement also shows Enerplus 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).
Enerplus Income Statement Chart
Enerplus Income Statement is one of the three primary financial statements used for reporting Enerplus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Enerplus revenue and expense. Enerplus Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Enerplus' Total Other Income Expense Net is very stable compared to the past year. As of the 28th of April 2024, Net Income is likely to grow to about 478.9 M, while Depreciation And Amortization is likely to drop about 321.3 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Enerplus 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 Enerplus. It is also known as Enerplus 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.Cost Of Revenue
Cost of Revenue is found on Enerplus income statement and represents the costs associated with goods and services Enerplus provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Enerplus' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Enerplus 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.At this time, Enerplus' Total Other Income Expense Net is very stable compared to the past year. As of the 28th of April 2024, Net Income is likely to grow to about 478.9 M, while Depreciation And Amortization is likely to drop about 321.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 56.8M | 70.0M | 1.1B | 1.2B | Cost Of Revenue | 794.0M | 996.7M | 1.0B | 1.1B |
Enerplus income statement Correlations
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Enerplus Account Relationship Matchups
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Enerplus income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 273.2M | 229.9M | 271.3M | 309.4M | 355.8M | 321.3M | |
| Interest Expense | 26.0M | 22.2M | 27.4M | 24.6M | 17.6M | 22.2M | |
| Selling General Administrative | 55.8M | 45.2M | 56.8M | 70.0M | 65.7M | 65.9M | |
| Total Revenue | 1.2B | 827.0M | 1.3B | 2.4B | 1.7B | 1.1B | |
| Gross Profit | 239.7M | 101.3M | 525.5M | 1.4B | 646.5M | 569.4M | |
| Other Operating Expenses | 969.6M | 770.8M | 850.8M | 1.1B | 1.2B | 725.0M | |
| Operating Income | 189.7M | 51.2M | 471.2M | 1.3B | 580.8M | 343.1M | |
| Ebit | 189.7M | 51.2M | 471.2M | 1.3B | 1.5B | 1.6B | |
| Ebitda | 462.9M | 281.1M | 742.5M | 1.6B | 1.8B | 1.9B | |
| Cost Of Revenue | 913.9M | 725.7M | 794.0M | 996.7M | 1.0B | 1.1B | |
| Total Operating Expenses | 55.8M | 45.2M | 56.8M | 70.0M | 1.1B | 1.2B | |
| Total Other Income Expense Net | (351.9M) | (979.8M) | (135.3M) | (80.5M) | 4.2M | 4.4M | |
| Net Income | (198.8M) | (724.1M) | 234.4M | 914.3M | 456.1M | 478.9M | |
| Income Before Tax | (162.2M) | (928.6M) | 335.9M | 1.2B | 567.4M | 595.8M | |
| Income Tax Expense | 36.6M | (204.5M) | 101.4M | 293.3M | 337.3M | 354.2M | |
| Net Income From Continuing Ops | (259.7M) | (923.4M) | 234.4M | 914.3M | 456.1M | 478.9M | |
| Net Income Applicable To Common Shares | (259.7M) | (923.4M) | 234.4M | 914.3M | 1.1B | 1.1B | |
| Tax Provision | 47.9M | (260.8M) | 101.4M | 293.3M | 111.4M | 116.9M | |
| Interest Income | 74.6M | 79.1M | 294.9M | 232.4M | 267.3M | 280.6M | |
| Net Interest Income | (33.9M) | (28.4M) | (27.4M) | (24.6M) | (17.6M) | (18.5M) | |
| Reconciled Depreciation | 356.8M | 293.2M | 271.3M | 309.4M | 377.5M | 339.9M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enerplus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enerplus' short interest history, or implied volatility extrapolated from Enerplus options trading.
Pair Trading with Enerplus
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 Enerplus 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 Enerplus will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerplus Stock
| 0.92 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.79 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus 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 Enerplus - 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 Enerplus to buy it.
The correlation of Enerplus 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 Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus 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 Enerplus 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.Note that the Enerplus information on this page should be used as a complementary analysis to other Enerplus' 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' 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 Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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