Chord Energy Corp
Business
Chord Energy Corporation is an independent exploration and production company engaged in the acquisition, exploration, development and production of crude oil, natural gas liquids and natural gas, primarily in the Williston Basin with non-operated interests in the Marcellus Shale. The company produces and markets crude oil, NGL and natural gas to refiners, marketers and purchasers with access to pipeline and rail facilities. Chord operates through a single reportable segment focused on E&P activities in the Williston Basin, targeting the Middle Bakken and Three Forks formations, supported by a proven management team and capital discipline strategy.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Chord Energy Corp's CIK number?
Chord Energy Corp's SEC CIK number is 0001486159 (1486159). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Chord Energy Corp's SEC filings?
All of Chord Energy Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Chord Energy Corp last report earnings?
Chord Energy Corp (CHRD) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001486159-26-000017). This is Chord Energy Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Chord Energy Corp's most recent earnings 8-K?
Chord Energy Corp's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001486159-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Chord Energy Corp's latest earnings 8-K →
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