Tortoise Historical Income Statement
| TYG Stock | USD 44.95 0.52 1.17% |
Historical analysis of Tortoise Energy income statement accounts such as Other Operating Expenses of 6.1 M, Operating Income of 8.1 M, Cost Of Revenue of 4.8 M or Total Operating Expenses of 8.7 M can show how well Tortoise Energy Infrastructure performed in making a profits. Evaluating Tortoise Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Tortoise Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Tortoise Energy Infr 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 Tortoise Energy Infr is a good buy for the upcoming year.
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About Tortoise Income Statement Analysis
Tortoise Energy Infr 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 Tortoise Energy shareholders. The income statement also shows Tortoise 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).
Tortoise Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Tortoise Energy Infr 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 Tortoise Energy Infr. It is also known as Tortoise Energy 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 Tortoise Energy Infr income statement and represents the costs associated with goods and services Tortoise Energy 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.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 Tortoise Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Tortoise Energy Infr 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, Tortoise Energy's Gross Profit is most likely to increase significantly in the upcoming years. The Tortoise Energy's current Operating Income is estimated to increase to about 8.1 M, while Interest Expense is projected to decrease to roughly 3.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.4M | 7.2M | 8.3M | 8.7M | Cost Of Revenue | 6.0M | 5.6M | 5.0M | 4.8M |
Tortoise Energy income statement Correlations
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Tortoise Energy Account Relationship Matchups
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Tortoise Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | (1.0M) | 117.4K | (6.6M) | (8.6M) | (7.7M) | (7.3M) | |
| Interest Expense | 7.9M | 3.9M | 3.9M | 4.0M | 3.6M | 3.4M | |
| Selling General Administrative | 1.3M | 1.1M | 937.1K | 7.2M | 8.3M | 8.7M | |
| Total Revenue | (568.1M) | 136.4M | 105.6M | 15.8M | 14.2M | 14.9M | |
| Gross Profit | (568.1M) | 136.4M | 105.6M | 15.8M | 14.2M | 14.9M | |
| Other Operating Expenses | 9.9M | 2.6M | 2.4M | 7.2M | 6.5M | 6.1M | |
| Operating Income | (578.0M) | 133.7M | 107.1M | 8.6M | 7.7M | 8.1M | |
| Ebit | (578.0M) | 133.7M | 107.1M | (3.1M) | (2.8M) | (2.9M) | |
| Ebitda | (578.0M) | 133.7M | 107.1M | (11.7M) | (10.5M) | (10.0M) | |
| Cost Of Revenue | 8.2M | 5.5M | 6.0M | 5.6M | 5.0M | 4.8M | |
| Total Operating Expenses | 9.9M | 2.6M | 2.4M | 7.2M | 8.3M | 8.7M | |
| Income Before Tax | (578.0M) | 133.7M | 103.3M | (29.1M) | (26.2M) | (24.9M) | |
| Total Other Income Expense Net | (7.9M) | (3.9M) | (3.9M) | (37.7M) | (33.9M) | (32.2M) | |
| Net Income | (575.7M) | 133.7M | 103.3M | (15.6M) | (14.1M) | (13.4M) | |
| Income Tax Expense | (2.2M) | 16.2M | 8.9M | (13.5M) | (12.1M) | (11.5M) | |
| Net Income From Continuing Ops | (575.7M) | 133.7M | 103.3M | (15.6M) | (14.1M) | (14.8M) | |
| Net Income Applicable To Common Shares | (191.4M) | (575.7M) | 133.7M | 103.3M | 92.9M | 97.6M | |
| Interest Income | 677.7M | 151.6M | 970.2K | 524.8K | 472.4K | 448.7K | |
| Net Interest Income | (5.6M) | (2.9M) | (2.9M) | (3.4M) | (4.0M) | (4.2M) |
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When determining whether Tortoise Energy Infr is a strong investment it is important to analyze Tortoise Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tortoise Energy's future performance. For an informed investment choice regarding Tortoise Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tortoise Energy. If investors know Tortoise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tortoise Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.097 | Dividend Share 2.84 | Earnings Share 9.76 | Revenue Per Share 1.265 | Quarterly Revenue Growth (0.25) |
The market value of Tortoise Energy Infr is measured differently than its book value, which is the value of Tortoise that is recorded on the company's balance sheet. Investors also form their own opinion of Tortoise Energy's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tortoise Energy's market value can be influenced by many factors that don't directly affect Tortoise Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tortoise Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.