Westgate Energy (TSXV:WGT) Pre-Tax Income : C$-2.28 Mil (TTM As of Sep. 2024)

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What is Westgate Energy Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Westgate Energy's pretax income for the three months ended in Sep. 2024 was C$-0.49 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was C$-2.28 Mil. Westgate Energy's pretax margin was -61.03%.

During the past 1 years, Westgate Energy's highest Pretax Margin was -3.87%. The lowest was -114.90%. And the median was -3.87%.

Westgate Energy Pre-Tax Income Historical Data

The historical data trend for Westgate Energy'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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Westgate Energy Pre-Tax Income Chart

Westgate Energy Annual Data

Trend

Dec22

Pre-Tax Income

-0.01

Westgate Energy Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Pre-Tax Income	Get a 7-Day Free Trial			-0.54	-0.62	-0.52	-1.28	-0.49

Competitive Comparison of Westgate Energy's Pre-Tax Income

For the Oil & Gas Drilling subindustry, Westgate Energy'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.

Westgate Energy's Pre-Tax Income Distribution in the Oil & Gas Industry

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

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

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Westgate Energy Pre-Tax Income Calculation

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

Westgate Energy's Pretax Income for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-0.001	+	0	+	-0.006	+	0	+	0
	=	-0.01

Westgate Energy's Pretax Income for the quarter that ended in Sep. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-0.509	+	-0.014	+	-0.024	+	0.06	+	5.5511151231258E-17
	=	-0.49

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.28 Mil.

Westgate Energy (TSXV:WGT) Pre-Tax Income Explanation

Westgate Energy's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-0.487	/	0.798
	=	-61.03%

During the past 1 years, Westgate Energy's highest Pretax Margin was -3.87%. The lowest was -114.90%. And the median was -3.87%.

Westgate Energy Pre-Tax Income Related Terms

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Westgate Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Westgate Energy Inc (TSXV:WGT) » Definitions » Pre-Tax Income

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Traded in Other Exchanges

N/A

Address

2020 4th Street SW, Suite 420, Calgary, AB, CAN, T2S 1W3

Website

https://www.westgateenergy.ca

Westgate Energy Inc is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan, where known accumulations of medium and heavy oil are being unlocked via the application of modern drilling techniques utilizing multi-lateral horizontal drilling. The application of these modernized multi-lateral drilling techniques has yielded some of the strongest oil well economics throughout Western Canada.

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