Crescent Energy Co (CRGY)

Operating profit margin

Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022
Operating income (ttm) US$ in thousands 214,583 363,539 308,192 324,740 460,067 736,100 1,171,904 1,284,165 1,341,844
Revenue (ttm) US$ in thousands 2,646,661 2,538,498 2,346,426 2,358,036 2,480,668 2,718,370 3,140,656 3,277,012 2,947,635
Operating profit margin 8.11% 14.32% 13.13% 13.77% 18.55% 27.08% 37.31% 39.19% 45.52%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $214,583K ÷ $2,646,661K
= 8.11%

The operating profit margin of Crescent Energy Co has exhibited a declining trend over the past few periods, as shown in the data provided. The margin stood at 8.11% in the most recent period, Sep 30, 2024, decreasing from 14.32% in the previous quarter, indicating a notable drop in profitability.

This decline in operating profit margin may raise concerns regarding the company's ability to control its operating costs and generate profits from its core business operations. A lower operating profit margin suggests that Crescent Energy Co is retaining a smaller portion of revenue as profit after accounting for operating expenses.

Further analysis would be required to understand the specific factors contributing to the declining trend in the operating profit margin. It may be beneficial for stakeholders to investigate the company's cost structure, pricing strategy, operational efficiency, and revenue generation capabilities to address any potential issues impacting profitability.


Peer comparison

Sep 30, 2024