Coterra Energy Inc (CTRA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,128,000 | 5,169,000 | 1,502,000 | 242,000 | 900,000 |
| Revenue | US$ in thousands | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 | 2,066,000 |
| Pretax margin | 35.98% | 57.11% | 43.55% | 16.51% | 43.56% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,128,000K ÷ $5,914,000K
= 35.98%
Coterra Energy Inc's pretax margin has fluctuated over the past five years, ranging from a low of 16.44% in 2020 to a high of 57.11% in 2022. The company experienced a significant increase in pretax margin in 2022, followed by a notable decline in 2023. The pretax margin for 2023 stands at 35.98%, indicating a moderate profitability level before taxes. Further analysis of the company's financial performance and cost management strategies would be necessary to understand the factors driving these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Coterra Energy Inc
CTRA
35.98%
Antero Resources Corp
AR
6.81%
APA Corporation
APA
26.72%
Atlas Energy Solutions Inc.
AESI
42.53%
California Resources Corp
CRC
26.70%
Chord Energy Corp
CHRD
34.64%
Civitas Resources Inc
CIVI
30.32%
CNX Resources Corp
CNX
64.71%
Comstock Resources Inc
CRK
15.55%
Crescent Energy Co
CRGY
3.70%
Devon Energy Corporation
DVN
30.07%