Skip to main content

Chord Energy Corp

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

CHRD$136.49+3.1%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cautionary Note Regarding Forward-Looking Statements

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical fact included in or incorporated by reference into this Annual Report on Form 10-K, regarding, but not limited to, our strategic tactics, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this Annual Report on Form 10-K, the words “aim,” “mission,” “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project,” “plans” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

These forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events.

These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. In particular, the factors discussed below and detailed under “Part 1, Item 1A. Risk Factors,” “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this Annual Report on Form 10-K could affect our actual results and cause our actual results to differ materially from expectations, estimates, or assumptions expressed in, forecasted in, or implied in such forward-looking statements.

We believe these factors and risks relate to forward-looking statements including, but not limited to, the following:

crude oil, NGL and natural gas realized prices;

uncertainty regarding the future actions of foreign oil producers and the related impacts such actions have on the balance between the supply of and demand for crude oil, NGL and natural gas;

the actions taken by OPEC+ with respect to oil production levels and announcements of potential changes in such levels, including the ability of the OPEC+ countries to agree on and comply with production levels;

changes in trade policies and regulations, including increases or change in duties, current and potentially new tariffs or quotas; and other similar measures, as well as the potential impact of retaliatory tariffs and other actions;

war between Russia and Ukraine, military conflicts in the Red Sea Region and the wider Middle East and their effect on commodity prices;

changes or uncertainty in general economic and geopolitical conditions;

inflation rates and the impact of associated monetary policy responses, including fluctuating interest rates;

logistical challenges and supply chain disruptions;

our business strategy, including the continued implementation of our 4-mile well program;

the geographic concentration of our operations;

estimated future net reserves and present value thereof;

timing and amount of future production of crude oil, NGL and natural gas;

drilling and completion of wells;

estimated inventory of wells remaining to be drilled and completed;

costs of exploiting and developing our properties and conducting other operations;

availability of drilling, completion and production equipment and materials;

availability of qualified personnel;

infrastructure for produced and flowback water gathering and disposal;

gathering, transportation and marketing of crude oil, NGL and natural gas in the Williston Basin and other regions in the United States;

the possible shutdown of the Dakota Access Pipeline;

our ability to realize the anticipated benefits from acquisitions;

property acquisitions and divestitures;

integration and benefits of property acquisitions or the effects of such acquisitions on our cash position and levels of indebtedness;

the amount, nature and timing of capital expenditures;

availability and terms of capital;

our financial strategic tactics, budget, projections, execution of business plan and operating results;

cash flows and liquidity;

our ability to pursue goals regarding capital management activities such as share repurchases, paying dividends on our common stock or additional means to return capital to shareholders;

our ability to utilize net operating loss carryforwards or other tax attributes in future periods;

our ability to comply with the covenants under our Credit Facility and other indebtedness;

operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond our control;

interruptions in service and fluctuations in tariff provisions of third-party connecting pipelines;

potential disruptions arising from cybersecurity threats, terrorist attacks and any consequential or other hostilities;

compliance with, and changes in, environmental, safety and other laws and regulations;

execution of our sustainability initiatives;

effectiveness of risk management activities;

competition in the oil and gas industry;

counterparty credit risk;

incurring environmental liabilities;

developments in the global economy as well as any public health crisis and resulting demand and supply for crude oil, NGL and natural gas;

governmental regulation, including, but not limited to, that of the Federal Energy Regulatory Commission (“FERC”), and the taxation of the oil and gas industry;

developments in crude oil-producing and natural gas-producing countries;

integration of emerging technologies, including artificial intelligence and machine learning technologies for improving operational efficiency;

consumer demand and preferences for, and governmental policies encouraging, fossil fuel alternatives;

the effects of accounting pronouncements issued periodically during the periods covered by forward-looking statements;

uncertainty regarding future operating results;

our ability to successfully forecast future operating results and manage activity levels with ongoing macroeconomic uncertainty;

the impact of disruptions in the financial markets, including bank failures and the volatile interest rate environment;

plans, objectives, expectations and intentions contained in this Annual Report on Form 10-K that are not historical; and

certain factors discussed elsewhere in this Annual Report on Form 10-K.

In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur. All forward-looking statements speak only as of the date of this Annual Report on Form 10-K. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. You should not place undue reliance on these forward-looking statements. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.

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.