XML 81 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 3,896,641 $ 3,646,794 $ 1,579,926
Operating expenses      
Lease operating expenses 658,938 443,560 203,980
Gathering, processing and transportation expenses 180,219 141,644 122,614
Production taxes 260,002 229,571 76,835
Depreciation, depletion and amortization 598,562 369,659 126,436
General and administrative expenses 126,319 209,299 80,688
Total operating expenses 2,620,695 2,067,872 993,288
Gain (loss) on sale of assets, net (2,764) 4,867 222,806
Operating income 1,273,182 1,583,789 809,444
Other income (expense)      
Net gain (loss) on derivative instruments 63,182 (208,128) (589,641)
Net gain from investment in unconsolidated affiliate 21,330 34,366 0
Interest expense, net of capitalized interest (28,630) (29,349) (30,806)
Other income (expense) 9,964 2,901 (1,010)
Total other income (expense), net 65,846 (200,210) (621,457)
Income from continuing operations before income taxes 1,339,028 1,383,579 187,987
Income tax (expense) benefit (315,249) 46,884 973
Net income from continuing operations 1,023,779 1,430,463 188,960
Income from discontinued operations attributable to Chord, net of income tax 0 425,696 130,642
Net income attributable to Chord $ 1,023,779 $ 1,856,159 $ 319,602
Earnings attributable to Chord per share:      
Basic from continuing operations (in usd per share) $ 24.59 $ 46.90 $ 9.55
Basic from discontinued operations (in usd per share) 0 13.96 6.60
Basic (in dollars per share) 24.59 60.86 16.15
Diluted from continuing operations (in usd per share) 23.51 44.35 9.15
Diluted from discontinued operations (in usd per share) 0 13.20 6.33
Diluted (in usd per share) $ 23.51 $ 57.55 $ 15.48
Weighted average shares outstanding:      
Basic (in shares) 41,490 30,497 19,792
Diluted (in shares) 43,398 32,251 20,648
Oil and Gas      
Revenues      
Total revenues $ 3,132,411 $ 2,976,296 $ 1,200,256
Operating expenses      
Exploration and impairment 35,330 2,204 2,763
Purchased Oil and Gas      
Revenues      
Total revenues 764,230 670,174 378,983
Operating expenses      
Purchased oil and gas expenses 761,325 671,935 379,972
Other Services      
Revenues      
Total revenues $ 0 $ 324 $ 687