Expand Energy Corporation (EXE)

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 3,117,000 3,651,000 896,000 -9,753,000 -639,000
Revenue US$ in thousands 8,721,000 11,743,000 5,549,000 5,240,000 8,532,000
Pretax margin 35.74% 31.09% 16.15% -186.13% -7.49%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $3,117,000K ÷ $8,721,000K
= 35.74%

Expand Energy Corporation's pretax margin has shown significant fluctuations over the past five years. In 2023, the pretax margin improved to 35.74%, continuing the positive trend from the previous year. This indicates that the company's profitability before taxes has increased, which could be attributed to effective cost management or improved revenue generation.

In comparison, in 2022, the pretax margin was slightly lower at 31.09% but still reflected a strong profitability level. The significant jump from 2022 to 2023 suggests that Expand Energy Corporation might have implemented measures to enhance efficiency or pricing strategies.

The pretax margin in 2021 stood at 16.15%, marking a notable increase from the negative pretax margin of -186.13% in 2020. The drastic improvement could indicate a turnaround in the company's financial performance, possibly due to restructuring efforts or cost-cutting initiatives.

It is worth noting that in 2020, the pretax margin was severely negative at -186.13%, suggesting financial difficulties or one-time charges that impacted profitability. Similarly, in 2019, the pretax margin was negative at -7.49%, indicating operational challenges or inefficiencies that affected the company's bottom line.

Overall, while Expand Energy Corporation has experienced fluctuations in its pretax margin over the years, the recent positive trend indicates a potential improvement in the company's financial health and operational efficiency. Continued monitoring of this ratio will be essential to assess the company's ongoing performance and profitability.


Peer comparison

Dec 31, 2023