Chord Energy Corp (CHRD)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,339,029	1,283,380	1,889,052	1,733,946	1,809,275	1,692,148	883,654	830,052	318,629	40,879	-126,627	-4,769,245	-4,822,285	-4,758,526	-4,607,973	-160,958	230,853	315,060	-161,142	-41,139
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
Pretax margin		34.66%	32.72%	47.38%	44.87%	43.70%	47.38%	31.78%	31.63%	17.65%	2.56%	-9.53%	-437.53%	-393.00%	-332.76%	-256.70%	-8.31%	11.25%	14.60%	-7.42%	-1.99%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,339,029K ÷ $3,862,929K
= 34.66%

Chord Energy Corp's pretax margin has shown variability over the past eight quarters, ranging from 10.95% to 48.56%. In Q2 and Q3 of 2023, the company experienced a notable increase in pretax margin, reaching 48.56% and 32.51%, respectively. This upward trend indicates that the company's profitability before taxes improved during these periods. However, it is worth noting that in the remaining quarters, the pretax margin fluctuated within a narrower range, indicating potential instability in the company's financial performance. Overall, Chord Energy Corp should continue to monitor and strategically manage its pretax margin to ensure sustained profitability.