Chord Energy Corp

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

CHRD$138.62+0.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations for the and

Condensed Consolidated Statements of Operations (Unaudited)

	Three Months Ended March 31,
	2024	2023
(In thousands, except per share data)
Revenues
Oil, NGL and gas revenues	$748,162	$766,200
Purchased oil and gas sales	337,098	130,317
Total revenues	1,085,260	896,517
Operating expenses
Lease operating expenses	159,206	153,408
Gathering, processing and transportation expenses	53,984	37,015
Purchased oil and gas expenses	335,762	129,593
Production taxes	63,911	60,517
Depreciation, depletion and amortization	168,894	133,791
General and administrative expenses	25,712	32,484
Exploration and impairment	6,154	24,864
Total operating expenses	813,623	571,672
Gain on sale of assets, net	1,302	1,227
Operating income	272,939	326,072
Other income (expense)
Net gain (loss) on derivative instruments	(27,577)	66,934
Net gain (loss) from investment in unconsolidated affiliate	16,296	(2,216)
Interest expense, net of capitalized interest	(7,592)	(7,135)
Other income	2,826	5,193
Total other income (expense), net	(16,047)	62,776
Income before income taxes	256,892	388,848
Income tax expense	(57,539)	(91,849)
Net income	$199,353	$296,999
Earnings per share:
Basic (Note 16)	$4.79	$7.13
Diluted (Note 16)	$4.65	$6.87
Weighted average shares outstanding:
Basic (Note 16)	41,468	41,568
Diluted (Note 16)	42,747	43,149

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.