Chord Energy Corp (CHRD)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	1,112,440	1,339,030	1,383,580	187,987	-4,036,980
Revenue	US$ in thousands	5,251,080	3,896,640	3,646,790	1,579,930	1,083,330
Pretax margin		21.18%	34.36%	37.94%	11.90%	-372.65%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $1,112,440K ÷ $5,251,080K
= 21.18%

Chord Energy Corp's pretax margin has exhibited notable fluctuations over the past five years. The company experienced a substantial negative margin of -372.65% as of December 31, 2020, suggesting significant losses relative to its revenue. However, there was a remarkable turnaround in the following year, with the pretax margin recovering to a positive 11.90%, indicating an improvement in profitability.

Subsequently, Chord Energy Corp's performance continued to strengthen, as evidenced by the pretax margins of 37.94% as of December 31, 2022, and 34.36% as of December 31, 2023. These figures reflect the company's ability to efficiently generate profits before accounting for taxes.

In the most recent period ending December 31, 2024, Chord Energy Corp's pretax margin slightly decreased to 21.18%. While this represents a slight dip from the previous year, the company still maintained a healthy level of profitability relative to its pre-tax earnings. Overall, the trend in pretax margin suggests that Chord Energy Corp has made significant strides in enhancing its operational efficiency and financial performance over the analyzed period.