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Complete financial analysis of Tortoise Energy Independence Fund, Inc. (NDP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tortoise Energy Independence Fund, Inc., a leading company in the Asset Management industry within the Financial Services sector.
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Tortoise Energy Independence Fund, Inc. (NDP)
Industry: Asset Management
Sector: Financial Services
About Tortoise Energy Independence Fund, Inc.
Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | -393.69K | 28.22M | 17.61M | -29.30M | -55.16M | -30.46M | -33.08M |
| Cost of Revenue | 0.00 | 672.72K | 583.33K | 685.33K | 1.63M | 2.89M | 3.24M |
| Gross Profit | -393.69K | 27.55M | 17.03M | -29.99M | -56.78M | -33.36M | -36.33M |
| Gross Profit Ratio | 100.00% | 97.62% | 96.69% | 102.34% | 102.95% | 109.50% | 109.80% |
| Research & Development | 0.00 | 3.71 | 3.29 | 0.65 | 0.68 | 0.00 | 0.00 |
| General & Administrative | 363.06K | 327.10K | 418.40K | 407.10K | 463.00K | 554.32K | 532.13K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 363.06K | 327.10K | 418.40K | 407.10K | 463.00K | 554.32K | 532.13K |
| Other Expenses | -756.75K | -137.78K | -39.35K | 56.32K | 17.66K | 28.08K | 50.31K |
| Operating Expenses | -393.69K | 189.32K | 379.05K | 463.41K | 480.66K | 582.41K | 582.43K |
| Cost & Expenses | -393.69K | 189.32K | 379.05K | 463.41K | 480.66K | 582.41K | 582.43K |
| Interest Income | 20.35K | 5.13K | 92.00 | 1.19K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 481.41K | 114.23K | 65.75K | 243.37K | 1.23M | 1.76M | 1.18M |
| Depreciation & Amortization | 0.00 | -20.60M | -12.06M | -16.50M | -26.16M | 161.14K | 52.52K |
| EBITDA | -593.85K | 0.00 | 0.00 | -29.52M | -55.64M | -29.29M | -32.48M |
| EBITDA Ratio | 150.84% | 99.73% | 97.85% | 101.58% | 100.87% | 96.14% | 98.19% |
| Operating Income | -593.85K | 28.14M | 17.24M | -29.77M | -55.64M | -29.29M | -32.48M |
| Operating Income Ratio | 150.84% | 99.73% | 97.85% | 101.58% | 100.87% | 96.14% | 98.19% |
| Total Other Income/Expenses | 0.00 | -115.20K | 0.00 | 0.00 | 0.00 | -1.76M | -1.18M |
| Income Before Tax | -593.85K | 28.03M | 17.24M | -29.77M | -55.64M | -31.05M | -33.67M |
| Income Before Tax Ratio | 150.84% | 99.33% | 97.85% | 101.58% | 100.87% | 101.91% | 101.76% |
| Income Tax Expense | 0.00 | -228.49K | -301.89K | -447.93K | -1.40M | -161.14K | -52.52K |
| Net Income | -593.85K | 28.03M | 17.24M | -29.77M | -55.64M | -31.05M | -33.67M |
| Net Income Ratio | 150.84% | 99.33% | 97.85% | 101.58% | 100.87% | 101.91% | 101.76% |
| EPS | -0.36 | 15.19 | 9.34 | -16.12 | -30.16 | -16.90 | -18.56 |
| EPS Diluted | -0.36 | 15.19 | 9.34 | -16.12 | -30.16 | -16.88 | -18.56 |
| Weighted Avg Shares Out | 1.67M | 1.85M | 1.85M | 1.85M | 1.84M | 1.84M | 1.81M |
| Weighted Avg Shares Out (Dil) | 1.67M | 1.85M | 1.85M | 1.85M | 1.84M | 1.84M | 1.81M |
Tortoise Announces Distribution Amounts for Its Closed-End Funds
Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND PARK,...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 28, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / April 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 29, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / March 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of...
Tortoise Announces Distribution Amounts for Its Closed-End Funds
OVERLAND PARK, KS / ACCESSWIRE / February 7, 2024 / Tortoise and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Target of Average...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of January 31, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / February 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of December 29, 2023, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / January 2, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 30, 2023, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / December 1, 2023 / Tortoise today announced the following preliminary unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that...
Weekly Closed-End Fund Roundup: Tortoise Tender Results (November 19, 2023)
22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV. Tortoise tender offering results. Eaton Vance tender offer results.
Tortoise Announces Distribution Amounts for its Closed-End Funds
Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND PARK,...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2023, for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / November 1, 2023 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as...
Source: https://incomestatements.info
Category: Stock Reports