Chord Energy Corp (CHRD)

Return on total capital

		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 interest and tax (EBIT) (ttm)	US$ in thousands	1,367,659	1,312,205	1,918,599	1,763,214	1,838,624	1,722,320	912,337	863,209	349,435	101,712	-28,562	-4,586,843	-4,617,012	-4,546,745	-4,397,394	-1,671	403,873	483,743	5,265	117,946
Long-term debt	US$ in thousands	395,902	395,475	395,049	394,626	394,209	393,782	393,354	392,933	392,524	1,041,900	1,044,470	674,238	487,500	2,761,670	2,777,930	2,711,570	2,798,860	2,896,520	2,791,330	2,735,280
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
Return on total capital		24.99%	24.59%	36.79%	34.21%	36.24%	35.41%	57.33%	47.04%	24.51%	5.23%	-1.52%	-298.04%	—	-227.05%	-208.69%	-0.03%	6.21%	7.36%	0.08%	1.82%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,367,659K ÷ ($395,902K + $5,076,620K)
= 24.99%

Chord Energy Corp's return on total capital has been relatively stable over the past few quarters, with fluctuations observed but generally remaining at healthy levels. The return on total capital ranged from a high of 54.54% in Q2 2022 to a low of 23.71% in Q4 2023. Despite some variability, the company has consistently generated strong returns on the capital invested in its operations. This indicates that Chord Energy Corp has been effectively utilizing its capital to generate profits, demonstrating operational efficiency and effective capital allocation strategies. Overall, the trend in return on total capital suggests that the company has been successful in generating returns for its shareholders and stakeholders.