Chord Energy Corp (CHRD)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,339,030 | 1,809,280 | 318,629 | -160,958 | -41,139 |
| Revenue | US$ in thousands | 3,865,450 | 4,141,210 | 1,771,930 | 1,895,380 | 2,177,600 |
| Pretax margin | 34.64% | 43.69% | 17.98% | -8.49% | -1.89% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,339,030K ÷ $3,865,450K
= 34.64%
The pretax margin of Chord Energy Corp has shown variability over the past three years, indicating fluctuations in the company's profitability before considering taxes. In 2021, the pretax margin was 11.90%, which then increased significantly to 37.94% in 2022. However, in 2023, there was a decrease in the pretax margin to 34.36%. This suggests that the company experienced a strong improvement in profitability from 2021 to 2022, but some of those gains were eroded in 2023. Further analysis would be needed to understand the factors driving these fluctuations and assess the company's overall financial performance.
Peer comparison
Dec 31, 2023