uploads///MRO Q Normalized EBITDA per BOE

Understanding Marathon Oil’s EBITDA Normalized to Production

Nicholas Chapman - Author

Feb. 1 2017, Updated 9:07 a.m. ET

Marathon Oil’s EBITDA normalized to production

In 3Q16, Marathon Oil (MRO) reported normalized EBITDA (earnings before interest, tax, depreciation, and amortization) per unit of production of ~$10.57 per boe (barrel of oil equivalent), which was ~366% higher than in 3Q15.

Marathon Oil’s normalized EBITDA per unit of production peaked in 2Q14. In 1Q16, MRO reported its lowest ever normalized EBITDA per unit of production of only ~$2.01 per boe. Sequentially, Marathon Oil’s 3Q16 normalized EBITDA per unit of production was ~228% higher than in 1Q16.

For 3Q16, other upstream companies like Murphy Oil (MUR), California Resources (CRC), and Denbury Resources (DNR) have reported much lower year-over-year normalized EBITDA per unit of production.

Notably, the ETF ISE-Revere Natural Gas Index Fund (FCG) invests in natural gas producers.

Article continues below advertisement
Article continues below advertisement

Latest Murphy Oil Corp News and Updates

    Opt-out of personalized ads

    © Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.