Chord Energy Corp (CHRD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,023,780 | 1,856,160 | 319,602 | -128,243 | -35,296 |
| Revenue | US$ in thousands | 3,865,450 | 4,141,210 | 1,771,930 | 1,895,380 | 2,177,600 |
| Net profit margin | 26.49% | 44.82% | 18.04% | -6.77% | -1.62% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,023,780K ÷ $3,865,450K
= 26.49%
The net profit margin of Chord Energy Corp has fluctuated over the past three years. In 2023, the net profit margin stood at 26.19%, showing a decrease from the exceptionally high margin of 50.90% in 2022. This substantial decline in net profit margin suggests a significant decrease in profitability relative to the previous year. However, when compared to the net profit margin of 20.23% in 2021, the company still demonstrated improved profitability in 2023. Further analysis would be needed to understand the factors contributing to the change in net profit margin and to assess the overall financial health and efficiency of Chord Energy Corp.
Peer comparison
Dec 31, 2023