Chord Energy Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
CHRD$138.62+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets at and
Condensed Consolidated Balance Sheets (Unaudited)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (In thousands, except share data) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $52,050 | $317,998 |
| Accounts receivable, net | 1,294,597 | 943,114 |
| Inventory | 77,460 | 72,565 |
| Prepaid expenses | 31,703 | 42,450 |
| Derivative instruments | 55,667 | 37,369 |
| Other current assets | 2,061 | 11,055 |
| Current assets held for sale | 38,598 | — |
| Total current assets | 1,552,136 | 1,424,551 |
| Property, plant and equipment | ||
| Oil and gas properties (successful efforts method) | 12,434,669 | 6,320,243 |
| Other property and equipment | 58,082 | 49,051 |
| Less: accumulated depreciation, depletion and amortization | (1,797,305) | (1,054,616) |
| Total property, plant and equipment, net | 10,695,446 | 5,314,678 |
| Derivative instruments | 30,987 | 22,526 |
| Investment in unconsolidated affiliate | 116,504 | 100,172 |
| Long-term inventory | 25,861 | 22,936 |
| Operating right-of-use assets | 48,653 | 21,343 |
| Goodwill | 539,793 | — |
| Other assets | 24,783 | 19,944 |
| Total assets | $13,034,163 | $6,926,150 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $68,386 | $34,453 |
| Revenues and production taxes payable | 769,540 | 604,704 |
| Accrued liabilities | 738,991 | 493,381 |
| Accrued interest payable | 11,839 | 2,157 |
| Derivative instruments | 3 | 14,209 |
| Advances from joint interest partners | 2,434 | 2,381 |
| Current operating lease liabilities | 40,138 | 13,258 |
| Other current liabilities | 27,704 | 916 |
| Current liabilities held for sale | 2,745 | — |
| Total current liabilities | 1,661,780 | 1,165,459 |
| Long-term debt | 867,173 | 395,902 |
| Deferred tax liabilities | 1,421,403 | 95,322 |
| Asset retirement obligations | 279,892 | 155,040 |
| Derivative instruments | 45 | 717 |
| Operating lease liabilities | 21,065 | 18,667 |
| Other liabilities | 5,891 | 18,419 |
| Total liabilities | 4,257,249 | 1,849,526 |
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (In thousands, except share data) | ||
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity | ||
| Common stock, $0.01 par value: 240,000,000 shares authorized, 66,772,383 shares issued and 61,479,508 shares outstanding at September 30, 2024; and 120,000,000 shares authorized, 45,032,537 shares issued and 41,249,658 shares outstanding at December 31, 2023 | 671 | 456 |
| Treasury stock, at cost: 5,292,875 shares at September 30, 2024 and 3,782,879 shares at December 31, 2023 | (732,263) | (493,289) |
| Additional paid-in capital | 7,329,177 | 3,608,819 |
| Retained earnings | 2,179,329 | 1,960,638 |
| Total stockholders’ equity | 8,776,914 | 5,076,624 |
| Total liabilities and stockholders’ equity | $13,034,163 | $6,926,150 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.