Crescent Energy Co (CRGY)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	82,975	21,090	-13,655	90,876	27,566	257,897	315,891	133,012	102,370
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
Pretax margin		3.14%	0.83%	-0.58%	3.85%	1.11%	9.49%	10.06%	4.06%	3.47%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $82,975K ÷ $2,646,661K
= 3.14%

Crescent Energy Co's pretax margin has been fluctuating over the past nine quarters. The pretax margin measures the company's efficiency in generating profits before accounting for taxes.

In the most recent quarter, Sep 30, 2024, the pretax margin was 3.14%, showing an improvement compared to the preceding quarter. However, it is essential to note that the margin had been negative in the March 31, 2024 quarter, indicating that the company was operating with a pre-tax loss during that period.

Looking at the trend over multiple quarters, it is evident that Crescent Energy Co experienced a significant decline in its pretax margin from the high levels of 9.49% and 10.06% in the June 30, 2023, and March 31, 2023 quarters, respectively. The company seems to have faced challenges in maintaining these high levels of profitability in subsequent periods.

Overall, Crescent Energy Co's pretax margin analysis suggests a need for continuous monitoring and potential strategic adjustments to improve operational efficiency and profitability.