Consol Energy Inc (CEIX)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 777,872 | 834,384 | 904,162 | 848,379 | 568,437 | 495,663 | 150,081 | -4,154 | 35,407 | -110,265 | 42,476 | 21,531 | -5,783 | -3,969 | 4,092 | 71,230 | 80,540 | 101,785 | 100,074 | 106,796 |
| Revenue (ttm) | US$ in thousands | 2,568,877 | 2,556,589 | 2,548,363 | 2,432,015 | 2,101,937 | 1,945,411 | 1,532,785 | 1,275,325 | 1,258,947 | 1,102,929 | 1,197,136 | 1,072,538 | 1,021,643 | 1,039,671 | 1,129,798 | 1,351,546 | 1,430,903 | 1,470,504 | 1,461,406 | 1,492,370 |
| Pretax margin | 30.28% | 32.64% | 35.48% | 34.88% | 27.04% | 25.48% | 9.79% | -0.33% | 2.81% | -10.00% | 3.55% | 2.01% | -0.57% | -0.38% | 0.36% | 5.27% | 5.63% | 6.92% | 6.85% | 7.16% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $777,872K ÷ $2,568,877K
= 30.28%
Consol Energy Inc's pretax margin has shown a fluctuating trend over the past eight quarters. The company reported a pretax margin of 31.03% in Q4 2023, which decreased from the previous quarter but was higher than the same quarter in the previous year. This suggests some variability in profitability performance.
In the last two quarters of 2022, there was a significant improvement in the pretax margin compared to the earlier quarters, with Q3 2022 at 24.71% and Q4 2022 at 24.93%. However, in Q2 2022, there was a notable drop in the pretax margin to 8.49%, indicating a potential issue with profitability during that period.
The negative pretax margin of -0.28% in Q1 2022 is concerning and reflects a loss-making quarter for the company. This could be attributed to various factors such as increased operating expenses or lower revenue generation during that period.
Overall, Consol Energy Inc's pretax margin performance has been mixed, with fluctuations in profitability levels across the quarters. It is important for the company to closely monitor its cost management and revenue generation strategies to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023