Expand Energy Corporation (EXE)
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 | -841,000 | 315,000 | 544,000 | 1,357,000 | 3,117,000 | 4,572,000 | 5,458,000 | 6,254,000 | 3,651,000 | 2,856,000 | 1,544,000 | -209,000 | 6,222,000 | 4,405,000 | 4,015,000 | 4,178,000 | -9,769,000 | -9,687,000 | -9,004,000 | -8,630,000 |
| Revenue (ttm) | US$ in thousands | 4,232,000 | 4,042,000 | 4,908,000 | 5,813,000 | 7,775,000 | 9,102,000 | 11,783,000 | 14,377,000 | 14,123,000 | 13,772,000 | 11,213,000 | 8,631,000 | 7,317,000 | 5,739,000 | 5,240,000 | 4,503,000 | 4,670,000 | 5,515,000 | 6,300,000 | 7,717,000 |
| Pretax margin | -19.87% | 7.79% | 11.08% | 23.34% | 40.09% | 50.23% | 46.32% | 43.50% | 25.85% | 20.74% | 13.77% | -2.42% | 85.03% | 76.76% | 76.62% | 92.78% | -209.19% | -175.65% | -142.92% | -111.83% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-841,000K ÷ $4,232,000K
= -19.87%
Expand Energy Corporation's pretax margin has shown significant fluctuations over the past few years. The company reported negative pretax margins ranging from -111.83% to -209.19% in the initial period, indicating losses exceeding its pre-tax income. However, there was a notable turnaround in the first quarter of 2021 when the pretax margin improved to 92.78%, marking a shift to profitability.
Subsequently, the company maintained positive pretax margins between 76.62% and 85.03% throughout 2021. In the following years, the pretax margin continued to be positive, showing steady increases from 2.42% in the first quarter of 2022 to 46.32% by the second quarter of 2023.
However, there was a slight decrease in pretax margin in the fourth quarter of 2023 and the first quarter of 2024, although they remained positive at 40.09% and 23.34%, respectively. The pretax margin then experienced a more significant decline in the second quarter of 2024, dropping to 11.08% followed by 7.79% in the third quarter. Notably, the company reported a negative pretax margin of -19.87% in the final quarter of 2024.
In conclusion, Expand Energy Corporation's pretax margin has displayed a mix of negative and positive trends, indicating periods of losses and profitability. It is essential for the company to closely monitor and manage its expenses and revenues to sustain and improve its financial performance.
Peer comparison
Dec 31, 2024