EOG Resources Inc (EOG)

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	9,689,000	10,013,000	11,103,000	11,999,000	9,901,000	9,541,000	7,307,000	5,549,000	5,933,000	3,861,760	2,379,760	110,760	-739,240	-335,792	514,665	2,749,035	3,545,271	3,802,403	4,451,306	4,254,872
Revenue (ttm)	US$ in thousands	24,186,000	24,548,000	25,929,000	27,763,000	25,702,000	25,027,000	22,199,000	18,931,000	18,642,000	15,563,500	13,044,500	10,008,500	11,032,500	12,387,250	14,444,710	18,039,340	17,379,980	17,634,270	18,112,430	17,652,880
Pretax margin		40.06%	40.79%	42.82%	43.22%	38.52%	38.12%	32.92%	29.31%	31.83%	24.81%	18.24%	1.11%	-6.70%	-2.71%	3.56%	15.24%	20.40%	21.56%	24.58%	24.10%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $9,689,000K ÷ $24,186,000K
= 40.06%

The pretax margin of EOG Resources, Inc. has shown a consistent upward trend throughout the quarters in 2022 and 2023. Starting at 26.01% in Q1 2022, the pretax margin steadily increased to reach 40.22% in Q4 2023. This indicates that the company has been effectively controlling its operating expenses and generating higher profits before taxes in relation to its total revenue. The significant improvement in pretax margin reflects the company's ability to efficiently manage its costs and enhance its operational efficiency over time. This positive trend suggests that EOG Resources, Inc. has been successful in maximizing its profitability and financial performance during the period under review.