XML 31 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues $ 5,251,082 $ 3,896,641 $ 3,646,794
Operating expenses      
Lease operating expenses 824,408 658,938 443,560
Gathering, processing and transportation expenses 267,559 180,219 141,644
Production taxes 333,397 260,002 229,571
Depreciation, depletion and amortization 1,107,776 598,562 369,659
General and administrative expenses 205,585 126,319 209,299
Total operating expenses 4,168,103 2,620,695 2,067,872
Gain (loss) on sale of assets, net 17,088 (2,764) 4,867
Operating income 1,100,067 1,273,182 1,583,789
Other income (expense)      
Net gain (loss) on derivative instruments 12,563 63,182 (208,128)
Net gain from investment in unconsolidated affiliate 51,284 21,330 34,366
Interest expense, net of capitalized interest (56,523) (28,630) (29,349)
Other income, net 5,047 9,964 2,901
Total other income (expense), net 12,371 65,846 (200,210)
Income from continuing operations before income taxes 1,112,438 1,339,028 1,383,579
Income tax (expense) benefit (263,811) (315,249) 46,884
Net income from continuing operations 848,627 1,023,779 1,430,463
Income from discontinued operations attributable to Chord, net of income tax 0 0 425,696
Net income attributable to Chord $ 848,627 $ 1,023,779 $ 1,856,159
Earnings attributable to Chord per share:      
Basic from continuing operations (in usd per share) $ 16.32 $ 24.59 $ 46.90
Basic from discontinued operations (in usd per share) 0 0 13.96
Basic (in dollars per share) 16.32 24.59 60.86
Diluted from continuing operations (in usd per share) 16.02 23.51 44.35
Diluted from discontinued operations (in usd per share) 0 0 13.20
Diluted (in usd per share) $ 16.02 $ 23.51 $ 57.55
Weighted average shares outstanding:      
Basic (in shares) 51,796 41,490 30,497
Diluted (in shares) 52,748 43,398 32,251
Oil and Gas      
Revenues      
Total revenues $ 3,836,138 $ 3,132,411 $ 2,976,296
Operating expenses      
Exploration and impairment 17,021 35,330 2,204
Purchased Oil and Gas      
Revenues      
Total revenues 1,414,944 764,230 670,174
Operating expenses      
Purchased oil and gas expenses 1,412,357 761,325 671,935
Other Services      
Revenues      
Total revenues $ 0 $ 0 $ 324