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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Western Midstream Partners LP's Pre-Tax Income for the three months ended in Mar. 2024 was $588 Mil. Western Midstream Partners LP's Revenue for the three months ended in Mar. 2024 was $888 Mil. Therefore, Western Midstream Partners LP's pretax margin for the quarter that ended in Mar. 2024 was 66.21%.
The historical rank and industry rank for Western Midstream Partners LP's Pretax Margin % or its related term are showing as below:
The historical data trend for Western Midstream Partners LP's Pretax Margin % 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.
Western Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Pretax Margin % | Get a 7-Day Free Trial | 29.90 | 18.86 | 32.47 | 38.61 | 33.88 |
Western Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Pretax Margin % | Get a 7-Day Free Trial | 28.58 | 35.24 | 36.77 | 34.63 | 66.21 |
For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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.
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's Pretax Margin % falls into.
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Western Midstream Partners LP's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
Pretax Margin | = | Pre-Tax Income (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 1052.392 | / | 3106.476 | |
= | 33.88 % |
Western Midstream Partners LP's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as
Pretax Margin | = | Pre-Tax Income (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 587.738 | / | 887.729 | |
= | 66.21 % |
* 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.
Western Midstream Partners LP (NYSE:WES) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Thank you for viewing the detailed overview of Western Midstream Partners LP's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kerr Mcgee Corp /de | 10 percent owner | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
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Alejandro O Nebreda | officer: SVP, Business Services | 9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380 |
Michael S. Forsyth | officer: SVP, North Operations | 9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380 |
Daniel P. Holderman | officer: SVP Co-Chief Operating Officer | 9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380 |
Robert W. Bourne | officer: SVP & Chief Commercial Officer | 1400 16TH STREET, SUITE 310, DENVER CO 80202 |
Kristen S. Shults | officer: SVP & Chief Financial Officer | 9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380 |
Frederick A. Forthuber | director | 9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380 |
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Catherine A. Green | officer: VP & Chief Accounting Officer | 1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380 |
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Craig W Collins | officer: SVP & Chief Operating Officer | 15021 KATY FREEWAY, SUITE 400, HOUSTON TX 77094 |
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