Expand Energy Corporation (EXE)
Pretax margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 896,000 | -921,000 | -1,311,000 | -1,148,000 | -9,753,000 | -9,671,000 | -8,988,000 | -8,614,000 | -639,000 |
| Revenue (ttm) | US$ in thousands | 4,182,000 | 5,046,000 | 6,432,000 | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 |
| Pretax margin | 7.53% | 10.78% | 21.10% | 35.74% | 41.95% | 43.49% | 44.11% | 31.09% | 26.68% | 18.31% | -3.73% | 16.15% | -24.74% | -34.57% | -31.84% | -185.74% | -163.42% | -127.58% | -96.53% | -7.43% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $315,000K ÷ $4,182,000K
= 7.53%
The pretax margin of Expand Energy Corporation has displayed fluctuating trends over the past few quarters. The pretax margin was positive and relatively stable from Mar 31, 2022, to Mar 31, 2024, with values ranging from 18.31% to 44.11%. During this period, the company experienced healthy profitability before accounting for taxes.
However, there was a significant decline in pretax margin in the quarter ended Jun 30, 2024, where it dropped to 10.78% from the previous quarter's 21.10%. This decline should be investigated further to understand the factors contributing to the decrease in profitability.
The most notable observation in the data is the negative pretax margins reported in the quarters ended Dec 31, 2021, Sep 30, 2021, Dec 31, 2020, and Sep 30, 2020. These negative values indicate that the company's operating expenses and other costs exceeded its revenue before accounting for taxes during these periods.
It is essential for Expand Energy Corporation to closely monitor and analyze its cost structure, revenue streams, and operational efficiency to maintain and improve its pretax margin in order to ensure sustainable profitability in the future.
Peer comparison
Sep 30, 2024