Vital Energy Inc. (VTLE)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 511,741 | 317,072 | 643,561 | 840,219 | 637,014 | 735,063 | 540,817 | 137,196 | 148,653 | -233,399 | -612,738 | -1,031,383 | -878,119 | -958,892 | -986,158 | -258,397 | -345,047 | 50,885 | 374,418 | 232,737 |
| Revenue (ttm) | US$ in thousands | 1,491,174 | 1,197,050 | 1,470,610 | 1,645,783 | 1,495,182 | 1,639,176 | 1,357,310 | 948,273 | 844,278 | 562,119 | 410,399 | 469,362 | 863,451 | 893,508 | 1,069,249 | 1,247,510 | 927,670 | 924,835 | 880,272 | 880,711 |
| Pretax margin | 34.32% | 26.49% | 43.76% | 51.05% | 42.60% | 44.84% | 39.84% | 14.47% | 17.61% | -41.52% | -149.30% | -219.74% | -101.70% | -107.32% | -92.23% | -20.71% | -37.20% | 5.50% | 42.53% | 26.43% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $511,741K ÷ $1,491,174K
= 34.32%
Vital Energy Inc.'s pretax margin has shown significant fluctuations over the past few quarters.
The pretax margin for Dec 31, 2023, stands at 34.32%, indicating that the company retained a relatively high percentage of its revenue as profit before accounting for taxes. This suggests that Vital Energy Inc. effectively managed its expenses and operational costs during that period.
In contrast, the pretax margin for Sep 30, 2023, was 26.49%, showing a decrease compared to the previous quarter. This could imply that the company's profitability slightly decreased or its expenses increased during that period.
The pretax margin numbers for Jun 30, 2023 (43.76%) and Mar 31, 2023 (51.05%) were substantially higher, indicating strong profitability and efficient cost management during those quarters.
However, there are some concerning figures in the data, such as the negative pretax margins in the quarters ended Sep 30, 2021, Jun 30, 2021, Mar 31, 2021, Dec 31, 2020, and Sep 30, 2020. Negative pretax margins suggest that the company's expenses exceed its revenue, leading to operating losses.
Overall, Vital Energy Inc. should continue to closely monitor its pretax margin to ensure sustainable profitability and operational efficiency.
Peer comparison
Dec 31, 2023