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Chord Energy (Chord Energy) EBIT : $1,236 Mil (TTM As of Mar. 2024)


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What is Chord Energy EBIT?

Chord Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $264 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,236 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chord Energy's annualized ROC % for the quarter that ended in Mar. 2024 was 14.08%. Chord Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chord Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.77%.


Chord Energy EBIT Historical Data

The historical data trend for Chord Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chord Energy EBIT Chart

Chord Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -199.49 -3,860.44 218.79 1,412.93 1,367.66

Chord Energy Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 395.98 292.95 282.70 396.03 264.48

Competitive Comparison of Chord Energy's EBIT

For the Oil & Gas E&P subindustry, Chord Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chord Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Chord Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chord Energy's EV-to-EBIT falls into.



Chord Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,236 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chord Energy  (NAS:CHRD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Chord Energy's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1086.548 * ( 1 - 22.4% )/( (5917.18 + 6055.512)/ 2 )
=843.161248/5986.346
=14.08 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6926.15 - 749.878 - ( 317.998 - max(0, 1165.459 - 1424.551+317.998))
=5917.18

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7025.514 - 799.88 - ( 296.354 - max(0, 1245.12 - 1415.242+296.354))
=6055.512

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Chord Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1057.936/( ( (5336.021 + max(-131.8, 0)) + (5425.327 + max(-189.872, 0)) )/ 2 )
=1057.936/( ( 5336.021 + 5425.327 )/ 2 )
=1057.936/5380.674
=19.66 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(749.356 + 72.565 + 90.874) - (749.878 + 269.085 + 25.632)
=-131.8

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(795.285 + 78.118 + 58.708) - (799.88 + 264.856 + 57.247)
=-189.872

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Chord Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1236.16/7838.560
=15.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chord Energy EBIT Related Terms

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Chord Energy (Chord Energy) Business Description

Traded in Other Exchanges
Address
1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002
Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin.
Executives
Michael H Lou officer: See Remarks 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Paul Korus director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Charles J. Rimer officer: See Remarks NOBLE ENERGY INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Lynn A Peterson director, officer: Executive Chair 1625 BROADWAY, SUITE 250, DENVER CO 80202
Shannon Browning Kinney officer: EVP, GC and Corp Secretary 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Samantha Holroyd director 1711 MARAVILLA DR., HOUSTON TX 77055
John David Jacobi director 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Robert Joseph Mcnally director 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Anne Taylor director 800 GESSNER, SUITE 500, HOUSTON TX 77024
Lancaster N John Jr director 712 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10019
Kevin S Mccarthy director C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Susan M Cunningham director NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Taylor L Reid officer: President and COO 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Daniel E Brown director, officer: See Remarks 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Nickolas J Lorentzatos officer: Executive VP, GC & Corp. Sec. 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002