Chord Energy Corp (CHRD)

Operating 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
Operating income (ttm)	US$ in thousands	1,273,182	1,353,657	1,538,229	1,617,989	1,583,787	1,394,056	1,007,587	1,001,863	809,446	613,870	451,806	-4,735,777	-4,811,264	-4,841,347	-4,758,551	154,423	200,113	370,717	56,471	119,012
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
Operating profit margin		32.96%	34.51%	38.58%	41.87%	38.25%	39.04%	36.24%	38.18%	44.85%	38.42%	33.99%	-434.46%	-392.10%	-338.55%	-265.09%	7.98%	9.75%	17.18%	2.60%	5.76%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,273,182K ÷ $3,862,929K
= 32.96%

The operating profit margin of Chord Energy Corp has shown fluctuations over the past eight quarters. The margin ranged from a high of 43.30% in Q4 2022 to a low of 32.74% in Q4 2023. There was a general downward trend in the operating profit margin from Q4 2022 to Q4 2023. This could indicate potential challenges in cost management or pricing strategies during the period. However, it is worth noting that the margins in the first half of 2023 showed signs of improvement before the decrease in Q4 2023. Further analysis of the company's cost structure and revenue generation sources may provide insights into the factors driving these fluctuations in the operating profit margin.