amortization

The ruling could significantly impact Venture Global’s projected earnings before interest, taxes, depreciation, and amortization of $6.4 billion to $6.8 billion.

Citi Research analysts expect to see this increased spend reflected in adjusted earnings before interest, taxes, depreciation, and amortization.

That price amounts to about eight times the earnings before interest, taxes, depreciation, and amortization expected for 2025—a reasonable valuation considering that earnings are now depressed across the chemicals industry.

The company, whose main business revolves around connecting prospective homebuyers with real estate agents, reported $125 million in adjusted earnings before interest, taxes, depreciation and amortization, beating the average analyst estimate of $104 million.

Pilot alleges that, after taking control of the company, Berkshire adopted “pushdown accounting,” which forced Pilot to take on higher depreciation and amortization costs and resulted in lower net income.