Crescent Energy Co's gross profit for the
three
months ended in Mar. 2024 was $527 Mil. Crescent Energy Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1,955 Mil.
Crescent Energy Co had a gross margin of 80.12% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 6 years, the highestGross Margin % of Crescent Energy Co was 85.65%. The lowest was 73.19%. And the median was 79.34%.
Crescent Energy Co Gross Profit Historical Data
The historical data trend for Crescent Energy Co's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Crescent Energy Co's Gross Profit
For the Oil & Gas E&P subindustry, Crescent Energy Co's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Crescent Energy Co's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Crescent Energy Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Crescent Energy Co's Gross Profit falls into.
Crescent Energy Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Crescent Energy Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,955 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Crescent Energy Co (NYSE:CRGY) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Crescent Energy Co had a gross margin of 80.12% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Crescent Energy Co Gross Profit Related Terms
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Crescent Energy Co (Crescent Energy Co) Business Description
Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non?operated assets, mineral and royalty interests, and midstream infrastructure.
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