Chord Energy Corp
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
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. Asset Retirement Obligations
- Asset Retirement Obligations
The following table reflects the changes in the Company’s ARO during the three months ended March 31, 2026:
| (In thousands) | |
|---|---|
| Balance at December 31, 2025 | $481,919 |
| Liabilities incurred during period | 1,486 |
| Liabilities settled during period | (9,833) |
| Accretion expense during period | 5,735 |
| Balance at March 31, 2026 | $479,307 |
The Company’s ARO includes plugging and abandonment liabilities for its oil and gas properties in the United States and Canada. Accretion expense is included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statements of Operations. At March 31, 2026, the current portion of the total ARO balance was $50.5 million, and is included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.
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