Chord Energy Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
CHRD$138.62+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations for the and
Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share data) | ||||
| Revenues | ||||
| Oil, NGL and gas revenues | $1,121,012 | $840,625 | $2,771,841 | $2,302,251 |
| Purchased oil and gas sales | 329,455 | 282,743 | 1,024,567 | 629,705 |
| Total revenues | 1,450,467 | 1,123,368 | 3,796,408 | 2,931,956 |
| Operating expenses | ||||
| Lease operating expenses | 247,055 | 177,115 | 582,908 | 489,077 |
| Gathering, processing and transportation expenses | 77,353 | 52,294 | 194,467 | 132,706 |
| Purchased oil and gas expenses | 329,622 | 281,615 | 1,021,739 | 627,433 |
| Production taxes | 100,973 | 72,485 | 244,410 | 191,490 |
| Depreciation, depletion and amortization | 360,214 | 160,293 | 757,036 | 431,131 |
| General and administrative expenses | 52,115 | 26,117 | 159,904 | 100,775 |
| Exploration and impairment | 7,269 | 1,611 | 14,908 | 33,257 |
| Total operating expenses | 1,174,601 | 771,530 | 2,975,372 | 2,005,869 |
| Gain (loss) on sale of assets, net | (2,973) | 899 | 13,814 | 3,739 |
| Operating income | 272,893 | 352,737 | 834,850 | 929,826 |
| Other income (expense) | ||||
| Net gain (loss) on derivative instruments | 52,721 | (85,205) | 29,753 | 11,247 |
| Net gain from investment in unconsolidated affiliate | 1,089 | 13,512 | 23,246 | 21,421 |
| Interest expense, net of capitalized interest | (19,146) | (7,923) | (38,946) | (22,286) |
| Other income (expense) | (2,657) | 1,651 | 4,253 | 9,137 |
| Total other income (expense), net | 32,007 | (77,965) | 18,306 | 19,519 |
| Income before income taxes | 304,900 | 274,772 | 853,156 | 949,345 |
| Income tax expense | (79,584) | (65,696) | (215,126) | (227,199) |
| Net income | $225,316 | $209,076 | $638,030 | $722,146 |
| Earnings per share: | ||||
| Basic (Note 16) | $3.63 | $5.01 | $12.61 | $17.28 |
| Diluted (Note 16) | $3.59 | $4.77 | $12.34 | $16.54 |
| Weighted average shares outstanding: | ||||
| Basic (Note 16) | 61,802 | 41,563 | 50,388 | 41,670 |
| Diluted (Note 16) | 62,629 | 43,662 | 51,507 | 43,527 |
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