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Var Energi ASA (Var Energi ASA) Pre-Tax Income : $2,931 Mil (TTM As of Mar. 2024)


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What is Var Energi ASA Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Var Energi ASA's pretax income for the three months ended in Mar. 2024 was $850 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was $2,931 Mil. Var Energi ASA's pretax margin was 43.62%.

During the past 6 years, Var Energi ASA's highest Pretax Margin was 59.87%. The lowest was -76.83%. And the median was 43.79%.


Var Energi ASA Pre-Tax Income Historical Data

The historical data trend for Var Energi ASA'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.

* Premium members only.

Var Energi ASA Pre-Tax Income Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial 451.44 -2,204.00 2,646.69 5,855.89 3,356.93

Var Energi ASA Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,276.05 701.42 919.82 459.65 849.99

Competitive Comparison of Var Energi ASA's Pre-Tax Income

For the Oil & Gas E&P subindustry, Var Energi ASA'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.


Var Energi ASA's Pre-Tax Income Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Var Energi ASA's Pre-Tax Income falls into.



Var Energi ASA Pre-Tax Income Calculation

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

Var Energi ASA'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
=3928.883+0+-4.341+11.318+-578.927
=3,357

Var Energi ASA's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=966.309+0+1.017+10.664+-127.996
=850

Pre-Tax Income 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 $2,931 Mil.

* 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.


Var Energi ASA  (OTCPK:VARRY) Pre-Tax Income Explanation

Var Energi ASA's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=849.994/1948.804
=43.62%

During the past 6 years, Var Energi ASA's highest Pretax Margin was 59.87%. The lowest was -76.83%. And the median was 43.79%.

* 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.


Var Energi ASA Pre-Tax Income Related Terms

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Var Energi ASA (Var Energi ASA) Business Description

Traded in Other Exchanges
Address
Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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