Chord Energy Corp (CHRD)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 1,295,301 1,357,243 1,401,559 1,346,954 1,431,798 1,540,070 1,800,194 1,857,392 1,790,425 1,570,253 1,148,525 967,022 823,706 677,322 572,732 429,692 240,048 -48,847 -99,514 178,656
Revenue (ttm) US$ in thousands 5,251,080 4,761,095 4,433,995 4,085,386 3,896,643 3,947,558 4,013,028 3,890,337 3,646,789 3,152,766 2,365,965 1,969,645 1,672,135 1,408,683 1,277,703 1,050,995 1,083,334 1,168,126 1,379,810 1,742,863
Gross profit margin 24.67% 28.51% 31.61% 32.97% 36.74% 39.01% 44.86% 47.74% 49.10% 49.81% 48.54% 49.10% 49.26% 48.08% 44.83% 40.88% 22.16% -4.18% -7.21% 10.25%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,295,301K ÷ $5,251,080K
= 24.67%

Chord Energy Corp's gross profit margin has demonstrated significant fluctuations over the periods from March 31, 2020, to December 31, 2024. The trend shows variability in the company's ability to generate profit from its core operations.

The gross profit margin started at 10.25% on March 31, 2020, but then decreased to negative values in June and September 2020, indicating that the company faced challenges in effectively managing its production costs relative to its revenue during that time.

However, the situation improved significantly by December 31, 2020, with a gross profit margin of 22.16%, showing a notable recovery. Subsequently, Chord Energy Corp experienced a continuous increase in its gross profit margin over the following periods, reaching a peak of 49.81% on September 30, 2022.

Despite the improvements seen until that point, the gross profit margin started to decline gradually from March 31, 2023, to reach 24.67% by December 31, 2024. The decrease in the latter part of the period may indicate increasing production costs or pricing pressures impacting the company's profitability.

In conclusion, while Chord Energy Corp has showcased periods of both growth and decline in its gross profit margin, it is important for the company to closely monitor and manage its cost structures to sustain profitability over the long term.