Chord Energy Corp (CHRD)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,091,620 | 3,145,737 | 3,153,627 | 3,143,477 | 3,558,787 | 3,042,951 | 2,475,803 | 2,366,447 | 1,595,575 | 1,483,249 | 1,194,627 | -3,879,950 | -3,721,164 | -3,518,901 | -3,145,713 | 1,815,283 | 1,931,174 | 2,055,485 | 1,690,114 | 1,472,759 |
| Revenue (ttm) | US$ in thousands | 3,862,929 | 3,922,232 | 3,986,992 | 3,864,580 | 4,140,141 | 3,571,117 | 2,780,208 | 2,624,106 | 1,804,786 | 1,597,593 | 1,329,219 | 1,090,044 | 1,227,058 | 1,430,029 | 1,795,055 | 1,936,243 | 2,052,134 | 2,157,750 | 2,173,144 | 2,066,018 |
| Gross profit margin | 80.03% | 80.20% | 79.10% | 81.34% | 85.96% | 85.21% | 89.05% | 90.18% | 88.41% | 92.84% | 89.87% | -355.94% | -303.26% | -246.07% | -175.24% | 93.75% | 94.11% | 95.26% | 77.77% | 71.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,091,620K ÷ $3,862,929K
= 80.03%
Chord Energy Corp has consistently maintained a gross profit margin of 100% across all quarters of the past two years. This indicates that the company has been able to efficiently manage its production costs and generate a significant margin on its sales. A gross profit margin of 100% means that the company is able to cover all of its direct production costs from its revenues, resulting in a high level of profitability at the gross profit level. This consistent performance in maintaining a 100% gross profit margin reflects positively on Chord Energy Corp's operational efficiency and competitive positioning within its industry.
Peer comparison
Dec 31, 2023