Coterra Energy Inc (CTRA)
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 | 2,128,000 | 2,847,000 | 3,945,000 | 5,263,000 | 5,169,000 | 5,095,000 | 3,664,000 | 2,117,000 | 1,502,000 | 440,730 | 334,751 | 332,876 | 242,000 | 296,461 | 434,520 | 631,490 | 900,000 | 1,017,747 | 1,063,412 | 881,900 |
| Revenue (ttm) | US$ in thousands | 5,914,000 | 6,598,000 | 7,762,000 | 9,149,000 | 9,051,000 | 8,996,000 | 6,916,000 | 4,668,000 | 3,449,000 | 1,680,778 | 1,531,819 | 1,540,167 | 1,466,624 | 1,471,214 | 1,609,284 | 1,811,053 | 2,066,277 | 2,321,210 | 2,437,272 | 2,356,602 |
| Pretax margin | 35.98% | 43.15% | 50.82% | 57.53% | 57.11% | 56.64% | 52.98% | 45.35% | 43.55% | 26.22% | 21.85% | 21.61% | 16.50% | 20.15% | 27.00% | 34.87% | 43.56% | 43.85% | 43.63% | 37.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,128,000K ÷ $5,914,000K
= 35.98%
Coterra Energy Inc's pretax margin has shown a generally positive trend over the past eight quarters, although there has been some fluctuation in the values. The pretax margin, which indicates the company's efficiency in generating profits before accounting for taxes, was highest in Q1 2023 at 57.53% and lowest in Q4 2023 at 35.98%.
The company experienced a significant increase in pretax margin from Q4 2022 to Q1 2023, reflecting a strong performance in the first quarter of 2023. However, there was a noticeable decline in Q2 and Q3 2023, suggesting potential challenges or changes in the business environment during that period.
Overall, Coterra Energy Inc has maintained relatively healthy pretax margins above 50% for most of the quarters analyzed, indicating efficient cost management and revenue generation strategies. It would be important for stakeholders to further investigate the factors driving the fluctuations in pretax margin to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023