Chord Energy Corp

Listed Company

CHRDCIK 0001486159NasdaqLarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.88B

Net Income

$44.46M

Total Assets

$13.07B

Equity

$8.08B

Shares Out

56.84M

Op. Cash Flow

$2.04B

Business

Chord Energy Corp is an independent exploration and production company engaged in the acquisition, exploration, development and production of crude oil, natural gas liquids (NGLs) and natural gas primarily in the Williston Basin. It produces and markets crude oil, NGLs and natural gas and manages commodity marketing activities in-house, including sales under short‑term contracts and occasional third‑party purchase and sale arrangements. Key business activities include operated development and production programs, drilling and completion operations, reserves evaluation and midstream arrangements. Its operations and sales are concentrated in the North Dakota and Montana areas of the Williston Basin and utilize pipeline and rail-connected gathering systems to deliver products to refiners, marketers and other purchasers.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	4,877	5,251	3,897	3,647	1,580
Lease operating expenses	983	824	659	444	204
Gathering, processing and transportation expenses	291	268	180	142	123
Purchased oil and gas expenses	975	1,412	761	—	—
Production taxes	292	333	260	230	77
Depreciation, depletion and amortization	1,470	1,108	599	370	126
General and administrative expenses	126	206	126	209	81
Impairment and exploration	551	17	35	—	—
Total operating expenses	4,688	4,168	2,621	2,068	993
Gain (loss) on sale of assets, net	9	17	−3	5	223
Operating income	197	1,100	1,273	1,584	809
Net gain on derivative instruments	128	13	63	−208	−590
Net gain (loss) from investment in equity securities	−13	51	21	34	0
Interest expense, net of capitalized interest	−80	−57	−29	−29	—
Loss on debt extinguishment	−3	0	0	0	0
Other income, net	15	5	10	3	−1
Total other income, net	46	12	66	−200	−621
Income before income taxes	243	1,112	1,339	1,384	188
Income tax expense	−199	−264	−315	47	973,000
Net income	44	849	1,024	1,856	320
Basic (in dollars per share)	0.74	16.32	24.59	60.86	16.15
Diluted (in dollars per share)	0.74	16.02	23.51	57.55	15.48
Basic (in shares)	58	52	41	30	20
Diluted (in shares)	58	53	43	32	21

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-06-30	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	190	—	37	318	593
Accounts receivable, net	1,117	—	1,299	943	782
Inventory	116	—	94	73	54
Prepaid expenses	34	—	31	42	18
Derivative instruments	77	—	36	37	24
Other current assets	5	—	82	11	12
Total current assets	1,538	—	1,579	1,425	1,483
Oil and gas properties (successful efforts method)	14,849	—	12,771	6,320	5,120
Other property and equipment	60	—	58	49	73
Less: accumulated depreciation, depletion and amortization	−3,573	—	−2,143	−1,055	−482
Total property, plant and equipment, net	11,337	—	10,686	5,315	4,711
Derivative instruments	8	—	6	23	38
Investment in equity securities	120	—	142	100	131
Long-term inventory	31	—	26	23	22
Operating right-of-use assets	13	—	38	21	24
Goodwill	0	0	531	0	—
Other assets	28	—	24	20	23
Total assets	13,074	—	13,032	6,926	6,631
Accounts payable	42	—	69	34	29
Revenues and production taxes payable	618	—	753	605	608
Accrued liabilities	735	—	732	493	362
Accrued interest payable	29	—	5	2	3
Derivative instruments	0	—	1	14	342
Current operating lease liabilities	15	—	38	13	10
Other current liabilities	12	—	87	916,000	3
Total current liabilities	1,451	—	1,684	1,165	1,361
Long-term debt	1,480	—	843	396	394
Deferred tax liabilities	1,616	—	1,496	95	0
Asset retirement obligations	433	—	282	155	146
Derivative instruments	0	—	1	717,000	3
Operating lease liabilities	11	—	15	19	13
Other liabilities	5	—	8	18	34
Total liabilities	4,994	—	4,330	1,850	1,951
Commitments and contingencies (Note 20)	—	—	—	—	—
Common stock, $0.01 par value: 240,000,000 shares authorized, 67,150,747 shares issued and 56,762,243 shares outstanding at December 31, 2025; and 240,000,000 shares authorized, 66,967,779 shares issued and 60,070,893 shares outstanding at December 31, 2024	675,000	—	673,000	456,000	438,000
Treasury stock, at cost: 10,388,504 shares at December 31, 2025 and 6,896,886 shares at December 31, 2024	−1,304	—	−936	−493	−252
Additional paid-in capital	7,340	—	7,336	3,609	3,486
Retained earnings	2,044	—	2,302	1,961	1,445
Total stockholders equity	8,080	—	8,702	5,077	4,680
Total liabilities and stockholders equity	13,074	—	13,032	6,926	6,631

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	1,470	1,108	599	370	158
(Gain) loss on sale of assets	−9	−17	3	−524	−223
Impairment	539	10	29	−344,000	5,000
Deferred income taxes	119	222	296	28	−977,000
Equity-based compensation expenses	26	23	46	61	15
Deferred financing costs amortization and other	−31	1	505,000	3	13
Change in accounts receivable, net	182	−8	−148	84	−185
Change in inventory	−17	−14	−13	9	2
Change in prepaid expenses	−3	11	−1	3	6
Change in accounts payable, interest payable and accrued liabilities	−165	30	78	−132	185
Change in other assets and liabilities, net	−4	−53	−8	−11	−1
Net cash provided by operating activities	2,041	2,097	1,820	1,924	914
Capital expenditures	−1,348	−1,179	−906	−531	−213
Acquisitions, net of cash acquired	−576	−655	−362	—	—
Proceeds from divestitures, net of cash divested	25	61	54	—	—
Derivative settlements	56	−13	−269	−633	−270
Proceeds from sale of investment in equity securities	0	0	41	428	0
Contingent consideration received	25	25	0	0	—
Distributions from investment in equity securities	12	7	11	44	0
Net cash used in investing activities	−1,806	−1,754	−1,430	−683	−921
Proceeds from revolving credit facility	3,826	3,535	260	1,035	400
Principal payments on revolving credit facility	−4,271	−3,090	−260	−1,020	−907
Repurchase of senior unsecured notes	−401	−63	0	—	—
Issuance of senior notes	1,500	0	0	0	850
Deferred financing costs	−29	−3	0	−6	−22
Repurchases of common stock	−365	−444	−239	−152	−100
Tax withholding on vesting of equity-based awards	−22	−63	−15	−42	0
Dividends paid	−318	−530	−500	−655	−112
Payments on finance lease liabilities	−2	−1	−2	−1	−1
Proceeds from warrants exercised	408,000	36	91	20	1
Net cash used in financing activities	−82	−624	−665	−823	161
Increase (decrease) in cash and cash equivalents	153	−281	−275	418	155
Cash paid for interest, net of capitalized interest	52	50	26	24	42
Change in accrued capital expenditures	7	43	46	−22	8
Change in asset retirement obligations	152	6	1	852,000	15
Non-cash consideration exchanged in business combinations	0	3,732	0	2,585	0

Filings

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