Chord Energy Corporation (CHRD) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 FANNIN STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments317,998593,151172,11415,85620,01922,190
Cash and cash equivalents317,998593,151172,11415,85620,01922,190
Restricted cash and investments    4,370  
Receivables943,114781,738377,202206,539371,181387,602
Inventory, net of allowances, customer advances and progress billings72,56554,41128,95633,92935,25933,128
Inventory72,56554,41128,95633,92935,25933,128
Prepaid expense42,45017,6246,0169,72910,01110,997
Derivative instruments and hedges, assets37,36923,735 46753599,930
Disposal group, including discontinued operation   1,029,318   
Other current assets11,05511,8531,836727346183
Other undisclosed current assets      125
Total current assets:1,424,5511,482,5121,615,442271,617437,351554,155
Noncurrent Assets
Inventory, Noncurrent22,93622,00917,51014,52213,92412,260
Finance lease, right-of-use asset, after accumulated amortization  1,8031,1243,419 
Operating lease, right-of-use asset21,34323,87515,7826,08318,497
Property, plant and equipment5,314,6784,711,3431,320,4321,728,7876,977,7767,027,109
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment  (461,175)(107,277)(12,403)  
Long-term investments and receivables100,172130,575    
Long-term investments100,172130,575    
Intangible assets, net (including goodwill)    114,201  
Goodwill    70,534  
Intangible assets, net (excluding goodwill)    43,667  
Derivative instruments and hedges22,52637,96544,865 6396,945
Disposal group, including discontinued operation, noncurrent assets    5,50021,628 
Deferred income tax assets  200,226   
Other noncurrent assets19,94422,57612,75618,32729,43825,673
Other undisclosed noncurrent assets  459,372106,1538,984  
Total noncurrent assets:5,501,5995,148,5691,411,3451,887,4207,061,9027,071,987
TOTAL ASSETS:6,926,1506,631,0813,026,7872,159,0377,499,2537,626,142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities527,834391,510154,960130,506336,415389,857
Interest and dividends payable2,15098037,38838,040
Accounts payable34,45329,0562,1363,24217,94820,166
Accrued liabilities493,381362,454150,674126,284281,079331,651
Debt 9161,0121,0081,6268,595 
Derivative instruments and hedges, liabilities14,209341,54189,44756,94419,69584
Asset retirement obligation   4,8002,200500100
Disposal group, including discontinued operation   699,653   
Other liabilities9163,4691,0461,9542,903 
Other undisclosed current liabilities621,584623,801274,283148,001234,775221,735
Total current liabilities:1,165,4591,361,3331,225,197341,231602,883611,776
Noncurrent Liabilities
Long-term debt and lease obligation395,902394,209399,248712,3622,729,4882,735,276
Long-term debt, excluding current maturities395,902394,209392,524710,0002,711,5732,735,276
Liabilities, other than long-term debt288,165195,741180,76992,705329,80160,155
Asset retirement obligations155,040146,02957,60446,36356,30552,384
Deferred income tax liabilities95,322 7984267,357
Other liabilities18,41933,6177,8767,7446,0197,751
Operating lease, liability18,66713,2666,7242,36217,915
Derivative instruments and hedges, liabilities7172,829115,28237,61412020
Other undisclosed noncurrent liabilities      300,055
Total noncurrent liabilities:684,067589,950580,017805,0673,059,2893,095,486
Total liabilities:1,849,5261,951,2831,805,2141,146,2983,662,1723,707,262
Equity
Equity, attributable to parent5,076,6244,679,7981,032,900915,9423,636,1383,734,576
Common stock4564382002003,1893,157
Treasury stock, value(493,289)(251,950)(100,000) (33,881)(29,025)
Additional paid in capital3,608,8193,485,819863,010965,6543,112,3843,077,755
Retained earnings (accumulated deficit)1,960,6381,445,491269,690(49,912)554,446682,689
Equity, attributable to noncontrolling interest   188,67396,797200,943184,304
Total equity:5,076,6244,679,7981,221,5731,012,7393,837,0813,918,880
TOTAL LIABILITIES AND EQUITY:6,926,1506,631,0813,026,7872,159,0377,499,2537,626,142

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,896,6413,646,7941,579,926119,9152,071,7442,321,947
Cost of revenue(1,893,050)(1,493,781)(1,008,967)(66,937)(1,747,606)(1,727,103)
Gross profit:2,003,5912,153,013570,95952,978324,138594,844
Operating expenses(727,645)(574,091)15,679(14,213)(165,260)(504,419)
Other undisclosed operating income (loss)(2,764)4,867222,80611(4,455)28,587
Operating income:1,273,1821,583,789809,44438,776154,423119,012
Nonoperating income (expense)65,846(200,210)(621,457)(88,185)(277,785)(144,355)
Other nonoperating income (expense)9,9642,901(1,010)(402)440121
Interest and debt expense(28,630)(29,349)(30,806)(3,168)4,312(13,848)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    3,168(4,312)13,848
Income (loss) from continuing operations before equity method investments, income taxes:1,310,3981,354,230157,181(49,409)(123,362)(25,343)
Other undisclosed income from continuing operations before income taxes   30,806   
Income (loss) from continuing operations before income taxes:1,310,3981,354,230187,987(49,409)(123,362)(25,343)
Income tax expense (benefit)(315,249)46,8849733,44732,7155,843
Income (loss) from continuing operations:995,1491,401,114188,960(45,962)(90,647)(19,500)
Income (loss) before gain (loss) on sale of properties:188,960(45,962)(90,647)(19,500)
Other undisclosed net income28,630457,356166,338   
Net income (loss):1,023,7791,858,470355,298(45,962)(90,647)(19,500)
Net loss attributable to noncontrolling interest    (3,950)(37,596)(15,796)
Other undisclosed net loss attributable to parent  (2,311)(35,696)   
Net income (loss) available to common stockholders, diluted:1,023,7791,856,159319,602(49,912)(128,243)(35,296)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,023,7791,858,470355,298(45,962)(90,647)(19,500)
Comprehensive income (loss):1,023,7791,858,470355,298(45,962)(90,647)(19,500)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (3,950)(37,596)(15,796)
Comprehensive income (loss), net of tax, attributable to parent:1,023,7791,858,470355,298(49,912)(128,243)(35,296)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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