Chord Energy Corp (CHRD) Financial Statements (2025 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)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 36,950 | 317,998 | 593,151 | 172,114 | 15,856 | 20,019 | |||
| Cash and cash equivalent | 36,950 | 317,998 | 593,151 | 172,114 | 15,856 | 20,019 | |||
| Restricted cash and investments | 4,370 | ||||||||
| Receivables | 1,298,973 | 943,114 | 781,738 | 377,202 | 206,539 | 371,181 | |||
| Inventory, net of allowances, customer advances and progress billings | 94,299 | 72,565 | 54,411 | 28,956 | 33,929 | 35,259 | |||
| Inventory | 94,299 | 72,565 | 54,411 | 28,956 | 33,929 | 35,259 | |||
| Prepaid expense | 30,875 | 42,450 | 17,624 | 6,016 | 9,729 | 10,011 | |||
| Derivative instruments and hedges, assets | 35,944 | 37,369 | 23,735 | 467 | 535 | ||||
| Disposal group, including discontinued operation | 1,029,318 | ||||||||
| Other current assets | 82,077 | 11,055 | 11,853 | 1,836 | 727 | 346 | |||
| Total current assets: | 1,579,118 | 1,424,551 | 1,482,512 | 1,615,442 | 271,617 | 437,351 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 25,973 | 22,936 | 22,009 | 17,510 | 14,522 | 13,924 | |||
| Finance lease, right-of-use asset, after accumulated amortization | 1,803 | 1,124 | 3,419 | ||||||
| Operating lease, right-of-use asset | 38,004 | 21,343 | 23,875 | 15,782 | 6,083 | 18,497 | |||
| Property, plant and equipment | 10,686,169 | 5,314,678 | 4,711,343 | 1,320,432 | 1,728,787 | 6,977,776 | |||
| 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 receivables | 142,201 | 100,172 | 130,575 | ||||||
| Long-term investments | 142,201 | 100,172 | 130,575 | ||||||
| Intangible assets, net (including goodwill) | 530,616 | 114,201 | |||||||
| Goodwill | 530,616 | 70,534 | |||||||
| Intangible assets, net (excluding goodwill) | 43,667 | ||||||||
| Derivative instruments and hedges | 5,629 | 22,526 | 37,965 | 44,865 | 639 | ||||
| Disposal group, including discontinued operation, noncurrent assets | 5,500 | 21,628 | |||||||
| Deferred income tax assets | 200,226 | ||||||||
| Other noncurrent assets | 24,297 | 19,944 | 22,576 | 12,756 | 18,327 | 29,438 | |||
| Other undisclosed noncurrent assets | 459,372 | 106,153 | 8,984 | ||||||
| Total noncurrent assets: | 11,452,889 | 5,501,599 | 5,148,569 | 1,411,345 | 1,887,420 | 7,061,902 | |||
| TOTAL ASSETS: | 13,032,007 | 6,926,150 | 6,631,081 | 3,026,787 | 2,159,037 | 7,499,253 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 801,047 | 527,834 | 391,510 | 154,960 | 130,506 | 336,415 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 2,150 | 980 | 37,388 | ||
| Accounts payable | 68,751 | 34,453 | 29,056 | 2,136 | 3,242 | 17,948 | |||
| Accrued liabilities | 732,296 | 493,381 | 362,454 | 150,674 | 126,284 | 281,079 | |||
| Debt | 1,665 | 916 | 1,012 | 1,008 | 1,626 | 8,595 | |||
| Derivative instruments and hedges, liabilities | 1,230 | 14,209 | 341,541 | 89,447 | 56,944 | 19,695 | |||
| Asset retirement obligation | 4,800 | 2,200 | 500 | ||||||
| Disposal group, including discontinued operation | 699,653 | ||||||||
| Other liabilities | 84,203 | 916 | 3,469 | 1,046 | 1,954 | 2,903 | |||
| Other undisclosed current liabilities | 795,833 | 621,584 | 623,801 | 274,283 | 148,001 | 234,775 | |||
| Total current liabilities: | 1,683,978 | 1,165,459 | 1,361,333 | 1,225,197 | 341,231 | 602,883 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 842,600 | 395,902 | 394,209 | 399,248 | 712,362 | 2,729,488 | |||
| Long-term debt, excluding current maturities | 842,600 | 395,902 | 394,209 | 392,524 | 710,000 | 2,711,573 | |||
| Liabilities, other than long-term debt | 1,803,167 | 288,165 | 195,741 | 180,769 | 92,705 | 329,801 | |||
| Asset retirement obligations | 282,369 | 155,040 | 146,029 | 57,604 | 46,363 | 56,305 | |||
| Deferred income tax liabilities | 1,496,442 | 95,322 | 7 | 984 | 267,357 | ||||
| Other liabilities | 8,150 | 18,419 | 33,617 | 7,876 | 7,744 | 6,019 | |||
| Operating lease, liability | 15,190 | 18,667 | 13,266 | 6,724 | 2,362 | 17,915 | |||
| Derivative instruments and hedges, liabilities | 1,016 | 717 | 2,829 | 115,282 | 37,614 | 120 | |||
| Total noncurrent liabilities: | 2,645,767 | 684,067 | 589,950 | 580,017 | 805,067 | 3,059,289 | |||
| Total liabilities: | 4,329,745 | 1,849,526 | 1,951,283 | 1,805,214 | 1,146,298 | 3,662,172 | |||
| Equity | |||||||||
| Equity, attributable to parent | 8,702,262 | 5,076,624 | 4,679,798 | 1,032,900 | 915,942 | 3,636,138 | |||
| Common stock | 673 | 456 | 438 | 200 | 200 | 3,189 | |||
| Treasury stock, value | (936,157) | (493,289) | (251,950) | (100,000) | (33,881) | ||||
| Additional paid in capital | 7,336,091 | 3,608,819 | 3,485,819 | 863,010 | 965,654 | 3,112,384 | |||
| Retained earnings (accumulated deficit) | 2,301,655 | 1,960,638 | 1,445,491 | 269,690 | (49,912) | 554,446 | |||
| Equity, attributable to noncontrolling interest | 188,673 | 96,797 | 200,943 | ||||||
| Total equity: | 8,702,262 | 5,076,624 | 4,679,798 | 1,221,573 | 1,012,739 | 3,837,081 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,032,007 | 6,926,150 | 6,631,081 | 3,026,787 | 2,159,037 | 7,499,253 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,251,082 | 3,896,641 | 3,646,794 | 1,579,926 | 119,915 | 2,071,744 | ||
| Cost of revenue | (2,871,830) | (1,893,050) | (1,493,781) | (1,008,967) | (66,937) | (1,747,606) | ||
| Gross profit: | 2,379,252 | 2,003,591 | 2,153,013 | 570,959 | 52,978 | 324,138 | ||
| Operating expenses | (1,296,273) | (727,645) | (574,091) | 15,679 | (14,213) | (165,260) | ||
| Other undisclosed operating income (loss) | 17,088 | (2,764) | 4,867 | 222,806 | 11 | (4,455) | ||
| Operating income: | 1,100,067 | 1,273,182 | 1,583,789 | 809,444 | 38,776 | 154,423 | ||
| Nonoperating income (expense) | 12,371 | 65,846 | (200,210) | (621,457) | (88,185) | (277,785) | ||
| Other nonoperating income (expense) | 5,047 | 9,964 | 2,901 | (1,010) | (402) | 440 | ||
| Interest and debt expense | (56,523) | (28,630) | (29,349) | (30,806) | (3,168) | 4,312 | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 3,168 | (4,312) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,055,915 | 1,310,398 | 1,354,230 | 157,181 | (49,409) | (123,362) | ||
| Other undisclosed income from continuing operations before income taxes | 30,806 | |||||||
| Income (loss) from continuing operations before income taxes: | 1,055,915 | 1,310,398 | 1,354,230 | 187,987 | (49,409) | (123,362) | ||
| Income tax expense (benefit) | (263,811) | (315,249) | 46,884 | 973 | 3,447 | 32,715 | ||
| Income (loss) from continuing operations: | 792,104 | 995,149 | 1,401,114 | 188,960 | (45,962) | (90,647) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 188,960 | (45,962) | (90,647) | |
| Other undisclosed net income | 56,523 | 28,630 | 457,356 | 166,338 | ||||
| Net income (loss): | 848,627 | 1,023,779 | 1,858,470 | 355,298 | (45,962) | (90,647) | ||
| Net loss attributable to noncontrolling interest | (3,950) | (37,596) | ||||||
| Other undisclosed net loss attributable to parent | (2,311) | (35,696) | ||||||
| Net income (loss) available to common stockholders, diluted: | 848,627 | 1,023,779 | 1,856,159 | 319,602 | (49,912) | (128,243) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 848,627 | 1,023,779 | 1,858,470 | 355,298 | (45,962) | (90,647) | ||
| Comprehensive income (loss): | 848,627 | 1,023,779 | 1,858,470 | 355,298 | (45,962) | (90,647) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3,950) | (37,596) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 848,627 | 1,023,779 | 1,858,470 | 355,298 | (49,912) | (128,243) | ||
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.