BBEP Breitburn Energy Partners L.p.
Exchange
NASDAQSector
EnergyIndustry
Oil & Gas ProductionMarket Cap.
1.932B
Inconsistent Net Profit Margins over the past 10 years
BBEP potentially has a competitive advantage, however inconsistent profit margins are a cause for concern.
Look at reasons for this inconsistency to determine the likelihood of future sustainability.
$11.29 of every $100 of Revenue have been pure profit, on average over the past 10 years.
$11.29 of every $100 of Revenue have been pure profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Net Income | 4.78M | 12.92M | 9.68M | 39.01M | 1.87M | -60.36M | 378.24M | -107.29M | 34.75M | 110.50M |
| divided by | ||||||||||
| Revenue | 38.00M | 42.18M | 31.63M | 114.41M | 18.45M | 184.37M | 802.40M | 204.86M | 355.35M | 480.37M |
| Net Profit Margin | 12.58% | 30.62% | 30.60% | 34.10% | 10.14% | -32.74% | 47.14% | -52.37% | 9.78% | 23.00% |
Varying Pricing Power over the past 10 years
BBEP has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold.
However, there is a substantial variation in their Gross Profit Margins from year-to-year, which indicates inconsistent performance.
Look at reasons for this inconsistency to determine the likelihood of future sustainability.
$65.44 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
$65.44 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Gross Profit | 21.53M | 26.48M | 21.23M | 81.45M | 11.29M | 114.04M | 652.72M | 66.36M | 212.82M | 480.37M |
| divided by | ||||||||||
| Revenue | 38.00M | 42.18M | 31.63M | 114.41M | 18.45M | 184.37M | 802.40M | 204.86M | 355.35M | 480.37M |
| Gross Margin | 56.66% | 62.77% | 67.13% | 71.19% | 61.20% | 61.85% | 81.35% | 32.39% | 59.89% | 100.00% |
High Capital Intensity over the past 10 years
BBEP spends large amounts of capital buying new equipment or investing in new facilities to stay competitive.
Over the long term, those costs may have to be fuelled by debt.
Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.
148.88% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
148.88% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Capital Expenditure | - | - | 11.31M | 39.95M | 1.25M | 1.01B | 141.04M | 29.51M | 66.95M | 416.91M |
| divided by | ||||||||||
| Net Income | 4.78M | 12.92M | 9.68M | 39.01M | 1.87M | -60.36M | 378.24M | -107.29M | 34.75M | 110.50M |
| Capital Expenditure Ratio | - | - | 116.90% | 102.40% | 66.70% | -1,674.40% | 37.29% | -27.51% | 192.65% | 377.31% |