EOG Resources Inc (EOG)

Pretax margin

		Dec 31, 2024	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	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	8,218,000	9,129,000	9,568,000	9,394,000	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	2,380,205	110,945	-739,052	-335,604	514,408	2,749,038
Revenue (ttm)	US$ in thousands	23,427,000	23,807,000	24,055,000	23,463,000	23,182,000	23,871,000	25,351,000	27,298,000	25,702,000	25,027,000	22,199,000	18,931,000	18,642,000	15,481,640	13,018,780	10,092,800	9,873,240	11,217,340	13,103,000	16,376,500
Pretax margin		35.08%	38.35%	39.78%	40.04%	41.80%	41.95%	43.80%	43.96%	38.52%	38.12%	32.92%	29.31%	31.83%	24.94%	18.28%	1.10%	-7.49%	-2.99%	3.93%	16.79%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,218,000K ÷ $23,427,000K
= 35.08%

EOG Resources Inc's pretax margin has shown fluctuations over the quarters presented. The pretax margin deteriorated from 16.79% in March 2020 to -7.49% in December 2020, indicating a period of financial difficulty. However, there was a significant turnaround by March 2022, with a pretax margin of 29.31%, demonstrating a notable recovery. Subsequently, the pretax margin continued to improve, reaching its peak at 43.96% in March 2023. However, there was a slight decline in the pretax margin to 35.08% by December 2024, although still above the levels seen in the earlier periods. Overall, EOG Resources Inc's pretax margin displays a mix of challenges and successes over the analyzed quarters, highlighting the company's ability to adapt to changing market conditions.