TransGlobe Energy (TransGlobe Energy) Gross Margin % : 70.37% (As of Jun. 2022)

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What is TransGlobe Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TransGlobe Energy's Gross Profit for the three months ended in Jun. 2022 was $52.6 Mil. TransGlobe Energy's Revenue for the three months ended in Jun. 2022 was $74.7 Mil. Therefore, TransGlobe Energy's Gross Margin % for the quarter that ended in Jun. 2022 was 70.37%.

The historical rank and industry rank for TransGlobe Energy's Gross Margin % or its related term are showing as below:

TGA' s Gross Margin % Range Over the Past 10 Years
Min: -10.08 Med: 22.46 Max: 50.3
Current: 34.46

During the past 13 years, the highest Gross Margin % of TransGlobe Energy was 50.30%. The lowest was -10.08%. And the median was 22.46%.

TGA's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.82 vs TGA: 34.46

TransGlobe Energy had a gross margin of 70.37% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for TransGlobe Energy was 0.00% per year.

TransGlobe Energy Gross Margin % Historical Data

The historical data trend for TransGlobe Energy's Gross 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.

* Premium members only.

TransGlobe Energy Gross Margin % Chart

TransGlobe Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross Margin %

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22.73

50.30

19.55

10.15

22.18

TransGlobe Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Gross Margin %	Get a 7-Day Free Trial															47.30	32.81	11.67	61.95	70.37

Competitive Comparison of TransGlobe Energy's Gross Margin %

For the Oil & Gas E&P subindustry, TransGlobe Energy's Gross Margin %, along with its competitors' market caps and Gross 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.

TransGlobe Energy's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TransGlobe Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where TransGlobe Energy's Gross Margin % falls into.

TransGlobe Energy Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

TransGlobe Energy's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )	=	Gross Profit (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	67.4	/	303.956
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(303.956 - 236.537)	/	303.956
	=	22.18 %

TransGlobe Energy's Gross Margin for the quarter that ended in Jun. 2022 is calculated as

Gross Margin % (Q: Jun. 2022 )	=	Gross Profit (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	52.6	/	74.691
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(74.691 - 22.129)	/	74.691
	=	70.37 %

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.

TransGlobe Energy (NAS:TGA) Gross Margin % 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

TransGlobe Energy had a gross margin of 70.37% for the quarter that ended in Jun. 2022 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

TransGlobe Energy Gross Margin % Related Terms

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TransGlobe Energy (TransGlobe Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransGlobe Energy Corp (NAS:TGA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

444 - 5th Street SW, Suit 900, Calgary, AB, CAN, T2P 2T8

Website

http://www.trans-globe.com

TransGlobe Energy Corp and its subsidiaries are engaged in oil and natural gas exploration, development and production, and the acquisition of oil and natural gas properties in Egypt and Alberta, Canada. The company has two reportable segments namely, the Arab Republic of Egypt and Canada. The company holds 100% working interests in four Production Sharing Concessions in Egypt, namely, West Gharib Concession, North West Gharib Concession, West Bakr Concession and South Ghazalat Concession.