Chord Energy Corp (CHRD)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,023,779 | 1,099,712 | 1,772,387 | 1,687,155 | 1,856,159 | 1,696,473 | 886,672 | 829,197 | 319,602 | 46,023 | -118,870 | -4,503,094 | -4,535,908 | -4,459,921 | -4,324,221 | -128,243 | 170,140 | 212,193 | -150,768 | -35,296 |
| Total stockholders’ equity | US$ in thousands | 5,076,620 | 4,941,010 | 4,819,570 | 4,758,740 | 4,679,800 | 4,470,810 | 1,198,100 | 1,441,960 | 1,032,900 | 904,442 | 836,067 | 864,777 | -810,015 | -759,124 | -670,739 | 3,636,140 | 3,705,330 | 3,676,770 | 3,624,790 | 3,734,580 |
| ROE | 20.17% | 22.26% | 36.77% | 35.45% | 39.66% | 37.95% | 74.01% | 57.50% | 30.94% | 5.09% | -14.22% | -520.72% | — | — | — | -3.53% | 4.59% | 5.77% | -4.16% | -0.95% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,023,779K ÷ $5,076,620K
= 20.17%
To analyze Chord Energy Corp's return on equity (ROE) based on the provided data, we observe fluctuations in the ROE over the past eight quarters. The ROE ranged from 20.10% to 74.01% during this period, reflecting significant variability in the company's ability to generate profit with shareholders' equity.
In the most recent quarter, Q4 2023, the ROE stood at 20.10%, which is at the lower end of the range. This indicates a decrease in profitability compared to the preceding quarters, suggesting potential challenges in efficiently utilizing shareholders' equity to generate returns.
On the other hand, the highest ROE of 74.01% was recorded in Q2 2022, indicating a period of exceptional profitability for the company. This quarter was followed by several quarters of relatively high ROE figures, reflecting a strong performance in generating profits relative to shareholders' equity during that time.
Overall, the fluctuation in ROE for Chord Energy Corp suggests varying levels of financial performance and efficiency in utilizing shareholder funds to generate returns. Further analysis of the company's financial statements and business operations would be necessary to identify the underlying factors driving these fluctuations and to assess the sustainability of their ROE trends.
Peer comparison
Dec 31, 2023