Chord Energy Corp (CHRD)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,112,437	1,242,838	1,212,710	1,207,072	1,339,028	1,283,382	1,948,912	1,793,806	1,383,581	1,236,772	379,802	334,145	316,603	825,610	690,037	513,112	-4,036,979	-5,048,780	-4,983,600	-4,828,224
Revenue (ttm)	US$ in thousands	5,251,080	4,761,095	4,433,995	4,085,386	3,896,643	3,947,558	4,013,028	3,890,337	3,646,789	3,152,766	2,365,965	1,969,645	1,672,135	1,408,683	1,277,703	1,050,995	1,083,334	1,168,126	1,379,810	1,742,863
Pretax margin		21.18%	26.10%	27.35%	29.55%	34.36%	32.51%	48.56%	46.11%	37.94%	39.23%	16.05%	16.96%	18.93%	58.61%	54.01%	48.82%	-372.64%	-432.21%	-361.18%	-277.03%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,112,437K ÷ $5,251,080K
= 21.18%

Chord Energy Corp's pre-tax margin has shown significant fluctuations over the period outlined in the data provided. During the initial quarters, from March 2020 to December 2021, the company consistently reported negative pre-tax margins, indicating that its operating expenses and losses outweighed its revenues before accounting for tax.

Starting from March 2021, there was a noticeable turnaround as the pre-tax margin shifted into positive territory, reaching a peak of 58.61% by September 2021. This improvement continued through the following quarters, albeit with some fluctuations, indicating that the company was able to generate higher profits relative to its revenues.

However, from December 2021 to March 2024, there was a gradual decline in the pre-tax margin, with some fluctuations observed along the way. Despite the decrease, the margins remained positive during this period, indicating that the company was still generating profits before tax, albeit at a lower rate compared to the peak in 2021.

Overall, the trend in pre-tax margin for Chord Energy Corp shows a shift from negative to positive margins, indicating improved operational efficiency and financial performance over the analyzed period.