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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 Preliminary Results of Tender Offers for its Closed-End Funds
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, KS / ACCESSWIRE / November 2,...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2022 for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / November 1, 2022 / 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...
Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
NDP: An Energy Play With A Tender Offer Kicker
The last time I covered NDP was over a year ago; since then, the fund has performed quite well. There have been several distribution boosts and now a tender offer, which is rather small but still provides a bit of...
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2022 for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / October 3, 2022 / 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...
Tortoise Announces Tender Offers for its Closed-End Funds
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, KS / ACCESSWIRE / October 3,...
Tortoise Announces Distribution Amounts for its Closed-End Funds with Increase for NDP
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 July 29, 2022 for TYG, NTG, TTP, NDP and TPZ
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2022 / 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...
TortoiseEcofin Releases Combined 2022 Closed-End Fund Semi-Annual Report
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, KS / ACCESSWIRE / July 29,...
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Category: Stock Reports