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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 912,071 $ 789,380 $ 1,808,588 $ 1,442,349
Operating expenses        
Lease operating expenses 158,554 67,734 311,962 130,921
Gathering, processing and transportation expenses 43,397 31,813 80,412 64,210
Production taxes 58,488 40,081 119,005 75,938
Depreciation, depletion and amortization 137,046 42,136 270,837 86,809
General and administrative expenses 42,174 24,822 74,658 49,189
Total operating expenses 662,667 458,922 1,234,339 821,539
Gain on sale of assets, net 1,613 319 2,840 1,840
Operating income 251,017 330,777 577,089 622,650
Other income (expense)        
Net gain (loss) on derivative instruments 29,518 (98,253) 96,452 (466,175)
Net gain (loss) from investment in unconsolidated affiliate 10,126 (96,253) 7,910 (36,116)
Interest expense, net of capitalized interest (7,228) (6,949) (14,363) (14,165)
Other income 2,293 1,298 7,486 3,050
Total other income (expense), net 34,709 (200,157) 97,485 (513,406)
Income from continuing operations before income taxes 285,726 130,620 674,574 109,244
Income tax (expense) benefit (69,655) 219 (161,504) 2,044
Net income from continuing operations 216,071 130,839 513,070 111,288
Income from discontinued operations attributable to Chord, net of income tax 0 0 0 485,554
Net income attributable to Chord $ 216,071 $ 130,839 $ 513,070 $ 596,842
Basic earnings attributable to Chord per share:        
Basic from continuing operations (in dollars per share) $ 5.19 $ 6.69 $ 12.32 $ 5.73
Basic from discontinued operations (in dollars per share) 0 0 0 24.99
Basic total (in dollars per share) 5.19 6.69 12.32 30.72
Diluted earnings attributable to Chord per share:        
Diluted from continuing operations (in dollars per share) 4.96 6.23 11.83 5.30
Diluted from discontinued operations (in dollars per share) 0 0 0 23.14
Diluted total (in dollars per share) $ 4.96 $ 6.23 $ 11.83 $ 28.44
Weighted average shares outstanding:        
Basic (in shares) 41,494 19,553 41,531 19,430
Diluted (in shares) 43,386 20,990 43,267 20,983
Oil and Gas Services        
Revenues        
Total revenues $ 695,426 $ 538,567 $ 1,461,626 $ 1,032,069
Operating expenses        
Exploration and impairment 6,782 278 31,646 788
Purchased Oil and Gas        
Revenues        
Total revenues 216,645 250,489 346,962 409,956
Operating expenses        
Purchased oil and gas expenses 216,226 252,058 345,819 413,684
Other services revenues        
Revenues        
Total revenues $ 0 $ 324 $ 0 $ 324