Vital Energy Inc. (VTLE)
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 | 511,741 | 637,014 | 148,653 | -878,119 | -345,047 |
| Revenue | US$ in thousands | 1,491,170 | 1,495,400 | 820,641 | 661,355 | 855,625 |
| Pretax margin | 34.32% | 42.60% | 18.11% | -132.78% | -40.33% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $511,741K ÷ $1,491,170K
= 34.32%
Vital Energy Inc.'s pretax margin has exhibited variability over the past five years. In 2023, the pretax margin stood at 34.32%, showing a decrease from the previous year's figure of 42.60%. Despite this decrease, the pretax margin remained at a healthy level in 2023. However, a notable improvement compared to the situation in 2020, when the company reported a negative pretax margin of -132.78%, indicating operational losses before tax. In 2021, there was a moderate increase in the pretax margin to 18.11%. The company faced challenges in 2019 with a pretax margin of -40.33%, which could be attributed to operational inefficiencies or financial difficulties during that period. Overall, Vital Energy Inc. has shown some up and downs in its pretax margin performance, with recent years demonstrating improved profitability compared to prior challenging periods.
Peer comparison
Dec 31, 2023