CHRDNasdaqCrude Petroleum & Natural GasUS GAAP · USD

Chord Energy Corp

Chord Energy Corp is an independent oil and gas exploration and production company focused on acquiring, developing, and producing crude oil, NGLs, and natural gas. Its core operating footprint is the Williston Basin in North Dakota and Montana, with limited non-operated exposure in the Marcellus Shale. The company emphasizes capital discipline, free cash flow generation, and returning capital to shareholders.

Kysy yhtiöstä
Liikevaihto4 877milj. USD
−7,1 %v/v
Liikevoitto (EBIT)197milj. USD
−82,1 %v/v
EBIT-marginaali4,0%
−16,9 %-yks.v/v
Nettotulos44,5milj. USD
−94,8 %v/v
Vapaa kassavirta2 041milj. USD
−2,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

02 0004 0006 000milj. USD2020: EBIT 39 milj. USD20202021: 1 580 milj. USD2021: EBIT 809 milj. USD20212022: 3 647 milj. USD2022: EBIT 1 584 milj. USD20222023: 3 897 milj. USD2023: EBIT 1 273 milj. USD20232024: 5 251 milj. USD2024: EBIT 1 100 milj. USD20242025: 4 877 milj. USD2025: EBIT 197 milj. USD20254 877197
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Chord Energy Corp

Liiketoiminta

Osuus liikevaihdosta
Upstream production85 %

Operated exploration and production of crude oil, NGLs, and natural gas from company-owned acreage.

Purchased oil and gas marketing10 %

Bought-and-resold hydrocarbons used to optimize transportation, blending, and supply shortfalls.

Non-operated interests3 %

Minority interests in wells and acreage where Chord does not operate the assets.

Hedging and derivative activity2 %

Commodity derivative positions used to reduce exposure to oil and gas price volatility.

Tuotteet

Raportoitu · osuus liikevaihdosta
72,7%19,5%FY2025100 %
  • Oil Production72,7 %
  • Purchased Oil Sales19,5 %
  • Natural Gas and Natural Gas Liquid Services7,2 %
  • Purchased Gas Sales0,6 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Chord sells production into commodity markets through a concentrated set of crude oil, NGL, and natural gas counterparties rather than to end consumers. Its customer base includes purchasers of produced hydrocarbons, joint-interest owners that share well costs and revenues, and derivative counterparties used for price risk management. Customer concentration matters because payment delays, insolvency, or weak credit conditions can directly affect cash flow and receivables.

Commodity purchasers

Refiners, marketers, and other buyers of crude oil, NGLs, and natural gas that purchase Chord's production at prevailing market prices.

Joint-interest owners

Working-interest partners in operated wells that reimburse their share of drilling and operating costs.

Derivative counterparties

Financial institutions and trading counterparties that transact commodity hedges to reduce price exposure.

Midstream and logistics partners

Pipeline, gathering, and marketing counterparties that help move and optimize production sales.

Strategia

Chord's strategy is to concentrate capital in the Williston Basin, where it believes the acreage position, oil content, and infrastructure support attractive well returns. Management also aims to expand free cash flow and shareholder returns while maintaining operating efficiency and capital discipline. Recent acquisitions show a willingness to add scale when assets fit the basin-focused development model.

Develop core Williston Basin acreageLyhyt aikaväli

The basin offers high oil content, established infrastructure, and strong well-level returns.

Expand scale through acquisitionsKeskipitkä aikaväli

Bolt-on and basin-aligned acquisitions can increase inventory and operating leverage.

Return capital and preserve free cash flowKeskipitkä aikaväli

The company positions itself as a free-cash-flow generator in a cyclical commodity market.

Maantiede

Chord's business is concentrated in the Williston Basin, especially North Dakota and Montana, where it targets the Middle Bakken and Three Forks formations. The company also has limited non-operated interests in the Marcellus Shale, but its operating and capital allocation decisions are driven primarily by the Williston asset base. Its 2024 Enerplus acquisition and 2025 XTO asset acquisition agreement reinforce a basin-focused growth strategy.

Riskit

Chord is exposed to volatile oil, NGL, and natural gas prices, so earnings and cash flow can swing sharply with commodity markets and geopolitical events. Its concentrated Williston Basin footprint creates operational efficiency but also increases basin-specific execution, infrastructure, and weather-related risks. Customer concentration, counterparty credit, cyber risk, and regulatory pressure are additional material risks for an upstream producer.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commodity price volatility1Regulatory and environmental compliance2Customer and counterparty credit risk3Geopolitical and macro volatility4Cyber and technology disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue is tied to market prices for crude oil, NGLs, and natural gas, which are highly cyclical.

    KohdistuuOilNGLNatural gas sales
  2. Regulatory and environmental complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Oil and gas operations face changing rules on emissions, permitting, and environmental protection.

    KohdistuuDrillingDevelopmentOperating costs
  3. Customer and counterparty credit riskVaikutus: KorkeaTodennäköisyys: Matala

    Receivables are concentrated with several significant customers and derivative counterparties.

    KohdistuuSales receivablesJoint-interest receivablesHedges
  4. Geopolitical and macro volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    Conflicts and supply disruptions can move commodity prices and financial markets abruptly.

    Kohdistuu: Global commodity pricing

  5. Cyber and technology disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Energy operations rely on digital systems and SCADA infrastructure that can be targeted or fail.

    Kohdistuu: Field operations and data systems

Kysy Clarifolta: Chord Energy Corp

Kirjanpito

Harkinnanvaraiset erät
Successful efforts method

Exploration costs and dry holes are expensed sooner, affecting volatility and comparability.

Vaikutus: Can materially change operating results versus full cost accounting

Reserve and price assumptions

Estimated reserves and future commodity prices drive depletion and impairment tests.

Vaikutus: Affects asset carrying values and non-cash charges

Derivative fair value accounting

Commodity hedges are remeasured to fair value, creating mark-to-market earnings swings.

Vaikutus: Can cause quarterly volatility unrelated to realized cash settlements

Goodwill impairment

The reporting unit is tested using discounted future cash flows and market assumptions.

Vaikutus: Adverse price or reserve changes could trigger a large non-cash charge

Credit losses on receivables

Customer concentration and joint-interest billing require ongoing expected credit loss estimates.

Vaikutus: May affect bad debt expense and working capital

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Päivitetty: 24.9.2026

Chord Energy Corp (CHRD) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo