Range Resources Corp (RRC)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	250,605	1,100,340	1,413,870	402,078	-737,329
Revenue	US$ in thousands	2,417,080	3,374,870	4,146,800	2,930,220	1,968,700
Pretax margin		10.37%	32.60%	34.10%	13.72%	-37.45%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $250,605K ÷ $2,417,080K
= 10.37%

Range Resources Corp's pretax margin has shown significant fluctuations over the past five years.

In 2020, the company's pretax margin was negative at -37.45%, indicating that its pre-tax profits were insufficient to cover expenses. However, by the end of 2021, the pretax margin had improved substantially to 13.72%, suggesting that the company was able to generate more profits relative to its revenue.

The trend continued to improve in 2022, with the pretax margin increasing to 34.10%, demonstrating a significant enhancement in the company's operational efficiency and cost management. This strong performance was maintained in 2023, where the pretax margin remained high at 32.60%, reflecting continued profitability and effective control over expenses.

However, in 2024, Range Resources Corp experienced a decline in its pretax margin to 10.37%. This decrease may indicate challenges such as rising costs or declining revenues that impacted the company's profitability during that period.

Overall, Range Resources Corp's pretax margin has shown both positive and negative trends over the last five years, highlighting the importance of closely monitoring and managing factors that can influence profitability in the energy sector.