Adjusted EBITDAX means for the calculations to be made for each fiscal quarter end, consolidated EBITDAX of Holdings and its Subsidiaries for the four-fiscal quarter period then ended.
Adjusted EBITDAX means, for any period, EBITDAX for such period adjusted (a) as permitted and in accordance with Article 11 of Regulation S-X promulgated by the SEC, and (b) to give effect to any acquisition or divestiture made by Borrower or any of its Consolidated subsidiaries during such period as if such transactions had occurred on the first day of such period, regardless of whether the effect is positive or negative.
Adjusted EBITDAX means (a) for the calculations to be made for the fiscal quarter ending June 30, 2017, consolidated EBITDAX of the Borrower and its Subsidiaries for such fiscal quarter multiplied by four; (b) for the calculations to be made for the fiscal quarter ending September 30, 2017, consolidated EBITDAX of the Borrower and its Subsidiaries for the two-fiscal quarter period then ended multiplied by two; (c) for the calculations to be made for the fiscal quarter ending December 31, 2017, consolidated EBITDAX of the Borrower and its Subsidiaries for the three-fiscal quarter period then ended multiplied by 4/3; and (d) for the calculations to be made for each fiscal quarter ending on or after March 31, 2018, consolidated EBITDAX of the Borrower and its Subsidiaries for the four-fiscal quarter period then ended.
Examples of Adjusted EBITDAX in a sentence
We believe that Adjusted EBITDAX is a widely followed measure of operating performance and is one of many metrics used by our management team and by other users of our consolidated financial statements.
Certain items excluded from Adjusted EBITDAX are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic cost of depreciable and depletable assets.
Adjusted EBITDAX, as used by us, may not be comparable to similarly titled measures reported by other companies.
Our Adjusted EBITDAX measure provides additional information that may be used to better understand our operations.
Certain items excluded from Adjusted EBITDAX are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of Adjusted EBITDAX.
More Definitions of Adjusted EBITDAX
Adjusted EBITDAX means for each fiscal quarter ending on or after December 31, 2019, the consolidated EBITDAX of the Borrower and the other Credit Parties for the twelve month period most recently then ended, provided that (i) EBITDAX for the three month period ended March 31, 2019, shall be deemed to be $254,807,281, (ii) EBITDAX for the three month period ended June 30, 2019, shall be deemed to be $306,462,121, (iii) EBITDAX for the three month period ended September 30, 2019, shall be deemed to be $303,854,286 and (iv) EBITDAX for the three month period ended December 31, 2019, shall be deemed to be $300,115,299.
Adjusted EBITDAX means (a) for the fiscal quarter ended March 31, 2021, the consolidated EBITDAX of the Borrower and its Restricted Subsidiaries for the fiscal quarter period then ended multiplied by four, (b) for the fiscal quarter ending June 30, 2021, the consolidated EBITDAX of the Borrower and its Restricted Subsidiaries for the two fiscal quarter period then ended multiplied by two, (c) for the fiscal quarter ending September 30, 2021, the consolidated EBITDAX of the Borrower and its Restricted Subsidiaries for the three fiscal quarter period then ended multiplied by 4/3, and (d) for each fiscal quarter ending on or after December 31, 2021, the consolidated EBITDAX of the Borrower and its Restricted Subsidiaries for the four fiscal quarter period then ended.
Adjusted EBITDAX means net income,
Adjusted EBITDAX has the meaning provided in the Compliance Certificate.
Adjusted EBITDAX means for each fiscal quarter end, the EBITDAX for the Borrower and its consolidated Restricted Subsidiaries for the four fiscal quarter period then ended.
Adjusted EBITDAX means (a) for the calculation of EBITDAX to be made for the fiscal quarter ending March 31, 2020, consolidated EBITDAX of the Borrower and the other Credit Parties for such fiscal quarter period then ended multiplied by four, (b) for the calculation of EBITDAX to be made for the two fiscal quarter period ending June 30, 2020, consolidated EBITDAX of the Borrower and the other Credit Parties for such two-fiscal quarter period then ended multiplied by two, (c) for the calculation of EBITDAX to be made for the three fiscal quarter period ending September 30, 2020, consolidated EBITDAX of the Borrower and the other Credit Parties for such three-fiscal quarter period then ended multiplied by 4/3, and (d) for the calculation of EBITDAX to be made for each fiscal quarter ending on or after December 31, 2020, consolidated EBITDAX of the Borrower and the other Credit Parties for the four-fiscal quarter period then ended.
Adjusted EBITDAX means net income (loss) before (a) interest expense, net of interest income, (b) income tax provision, (c) depreciation, depletion and amortization, (d) impairment expenses, (e) accretion of discount on asset retirement obligations, (f) exploration expenses, (g) unrealized (gains) losses on commodity derivative contracts, (h) non-cash incentive compensation, (i) non-cash (gain) loss on investment in PSI, (j) abandonment expenses, and (k) certain other non-cash expenses.