Parex Resources (Parex Resources) Pre-Tax Income : $454 Mil (TTM As of Dec. 2023)

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What is Parex Resources Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Parex Resources's pretax income for the three months ended in Dec. 2023 was $52 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $454 Mil. Parex Resources's pretax margin was 13.88%.

During the past 13 years, Parex Resources's highest Pretax Margin was 52.63%. The lowest was -15.96%. And the median was 30.92%.

Parex Resources Pre-Tax Income Historical Data

The historical data trend for Parex Resources's Pre-Tax Income 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.

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Parex Resources Pre-Tax Income Chart

Parex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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503.66

173.35

503.82

803.17

454.24

Parex Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pre-Tax Income	Get a 7-Day Free Trial															172.62	137.55	95.11	169.73	51.85

Competitive Comparison of Parex Resources's Pre-Tax Income

For the Oil & Gas E&P subindustry, Parex Resources's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.

Parex Resources's Pre-Tax Income Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parex Resources's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Parex Resources's Pre-Tax Income falls into.

Parex Resources Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Parex Resources's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	595.881	+	-148.026	+	-0.194	+	14.52	+	-7.942
	=	454

Parex Resources's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	135.838	+	-85.013	+	-0.051	+	2.274	+	-1.194
	=	52

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $454 Mil.

Parex Resources (OTCPK:PARXF) Pre-Tax Income Explanation

Parex Resources's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	51.854	/	373.643
	=	13.88%

During the past 13 years, Parex Resources's highest Pretax Margin was 52.63%. The lowest was -15.96%. And the median was 30.92%.

Parex Resources Pre-Tax Income Related Terms

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Parex Resources (Parex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (OTCPK:PARXF) » Definitions » Pre-Tax Income

Comparable Companies

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QPX:Germany PXT:Canada

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.