Chesapeake Energy Corp (CHK)
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 | 3,117,000 | 4,572,000 | 5,458,000 | 6,254,000 | 3,651,000 | 2,856,000 | 1,544,000 | -209,000 | 896,000 | -921,000 | -1,311,000 | -1,148,000 | -9,753,000 | -9,671,000 | -8,988,000 | -8,614,000 | -639,000 | 303,000 | 220,000 | -136,000 |
| Revenue (ttm) | US$ in thousands | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 | 9,462,000 | 9,799,000 | 9,702,000 |
| Pretax margin | 35.74% | 41.95% | 43.49% | 44.11% | 31.09% | 26.68% | 18.31% | -3.73% | 16.15% | -24.74% | -34.57% | -31.84% | -185.74% | -163.42% | -127.58% | -96.53% | -7.43% | 3.20% | 2.25% | -1.40% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,117,000K ÷ $8,721,000K
= 35.74%
The pretax margin of Chesapeake Energy Corp has fluctuated significantly over the periods displayed in the table. The pretax margin measures the company's operating efficiency and profitability before accounting for taxes.
The pretax margin was positive in most recent periods, indicating that the company generated profits before taxes. The highest pretax margin was recorded in March 2023 at 44.11%, showing strong operational performance.
However, there were periods of negative pretax margins, particularly in the earlier years displayed in the table. The company experienced significant challenges during these times, as seen in the sharp decline in profitability. The lowest pretax margin was recorded in December 2020 at -185.74%, indicating substantial losses before taxes during that period.
Overall, the trend in pretax margin shows fluctuations but also improvement in recent periods, suggesting potential recovery and improvement in the company's operational performance and profitability.
Peer comparison
Dec 31, 2023