CHK has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
CHK has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Chesapeake Energy's gross profit for the three months ended in Mar. 2024 was $442 Mil. Chesapeake Energy's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $2,580 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Chesapeake Energy's gross profit for the three months ended in Mar. 2024 was $442 Mil. Chesapeake Energy's Revenue for the three months ended in Mar. 2024 was $1,073 Mil. Therefore, Chesapeake Energy's Gross Margin % for the quarter that ended in Mar. 2024 was 41.19%.
Chesapeake Energy had a gross margin of 41.19% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 13 years, the highest Gross Margin % of Chesapeake Energy was 71.28%. The lowest was -8.28%. And the median was 11.90%.
The historical data trend for Chesapeake Energy's Gross Profit 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.
Chesapeake Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 396.00 | 620.00 | - | 8,156.00 | 5,039.00 |
Chesapeake Energy Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Profit | Get a 7-Day Free Trial | 2,250.00 | 96.00 | 865.00 | 1,177.00 | 442.00 |
For the Oil & Gas E&P subindustry, Chesapeake Energy's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Oil & Gas industry and Energy sector, Chesapeake Energy's Gross Profit distribution charts can be found below:
* The bar in red indicates where Chesapeake Energy's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Chesapeake Energy's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 7775 | - | 2736 | |
= | 5,039 |
Chesapeake Energy's Gross Profit for the quarter that ended in Mar. 2024 is calculated as
Gross Profit (Q: Mar. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 1073 | - | 631 | |
= | 442 |
Gross Profit 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 $2,580 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Chesapeake Energy's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as
Gross Margin % (Q: Mar. 2024 ) | = | Gross Profit (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 442 | / | 1073 | |
= | 41.19 % |
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Chesapeake Energy (NAS:CHK) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Chesapeake Energy had a gross margin of 41.19% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Thank you for viewing the detailed overview of Chesapeake Energy's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Wichterich | director | C/O EXTRACTION OIL & GAS, 370 17TH STREET, SUITE 5300, DENVER CO 80202 |
Dell'osso Domenic J Jr | officer: Exec. Vice President & CFO | 6100 N. WESTERN AVE., OKLAHOMA CITY OK 73118 |
Joshua J. Viets | officer: EVP & COO | 6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118 |
Blackstone Holdings Iii L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Vine Intermediate Holdco L.p. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Vine Ml Holdco Gp L.l.c. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Vine Ml Holdco L.p. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Vine (pub) Aggregator L.p. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Brookfield Us Inc. | 10 percent owner | BROOKFIELD PLACE, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023 |
Bam Partners Trust | 10 percent owner | 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3 |
Ocm Xi Chk Holdings, Llc | 10 percent owner | 333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071 |
Ocm Xb Chk Holdings, Llc | 10 percent owner | 333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071 |
Brookfield Public Securities Group Holdings Llc | 10 percent owner | 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281 |
Gregory M. Larson | officer: VP-Accounting & Controller | 6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118 |
Mohit Singh | officer: EVP & CFO | 6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118 |
From GuruFocus
By PRNewswire • 08-01-2023
By PRNewswire • 01-11-2024
By PRNewswire PRNewswire • 01-18-2023
By PRNewswire • 08-14-2023
By Marketwired • 10-03-2023
By PRNewswire PRNewswire • 06-09-2023
By PRNewswire • 10-31-2023
By GuruFocus Research • 10-31-2023
By PRNewswire • 08-16-2023
By PRNewswire PRNewswire • 05-02-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.