EBITDAX and EBITDA: Using the Best Measure for E&P Company Valuation

“EBITDAX and EBITDA: Using the Best Measure for E&P Company Valuation” by Kaci Howell for Midland Reporter-Telegram (June 7, 2015)

Oil and gas companies involved in exploration and production (E&P) will often use EBITDAX (Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses) or EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) to illustrate earnings and financial performance.

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