Crescent Energy Co (CRGY)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -168,755 | 345,218 | 516,891 | -432,533 | -216,110 |
| Revenue | US$ in thousands | 2,930,920 | 2,382,600 | 3,057,060 | 1,476,980 | 754,221 |
| Pretax margin | -5.76% | 14.49% | 16.91% | -29.28% | -28.65% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-168,755K ÷ $2,930,920K
= -5.76%
Crescent Energy Co's pretax margin has shown fluctuations over the years based on the provided data. In 2020 and 2021, the company experienced negative pretax margins of -28.65% and -29.28%, respectively, indicating that the company's pre-tax earnings were insufficient to cover its operating expenses and other costs.
However, there was a significant improvement in the pretax margin in 2022 and 2023, with percentages of 16.91% and 14.49%, respectively. This suggests that Crescent Energy Co was able to generate higher earnings before accounting for taxes and other non-operating expenses during these years.
In 2024, the pretax margin decreased to -5.76%, indicating a decline in profitability compared to the previous years. This could be attributed to various factors such as changes in operating expenses, revenues, or external economic conditions.
Overall, Crescent Energy Co's pretax margin trend reflects its ability to manage costs, generate profits, and navigate the economic environment. Further analysis of the company's financial performance and strategic decisions would be needed to understand the underlying reasons for these fluctuations in pretax margin.
Peer comparison
Dec 31, 2024