Chord Energy Corp 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Chord Energy Corporation(Exact name of registrant as specified in its charter) 80-0554627(I.R.S. EmployerIdentification No.) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. YesýNo¨ Number of shares of the registrant’s common stock outstanding at May1, 2025:57,754,754shares. TABLE OF CONTENTS Glossary of TermsPART I — FINANCIAL INFORMATIONItem1. — Financial Statements (Unaudited)Condensed Consolidated Balance Sheets atMarch 31, 2025andDecember 31, 2024Condensed Consolidated Statements of Operations for theThree Months EndedMarch 31, 2025and2024Condensed Consolidated Statements of Changes in Stockholders’ Equity for theThree Months EndedMarch 31, 2025and2024Condensed Consolidated Statements of Cash Flows for theThree Months Ended March 31, 2025and2024 Notes to Condensed Consolidated Financial Statements1. Organization and Summary of Significant Accounting Policies2. Revenue Recognition3. Inventory4. Additional Balance Sheet Information5. Fair Value Measurements6. Derivative Instruments7. Property, Plant and Equipment8.Acquisitions9.Investment in Unconsolidated Affiliate10. Long-Term Debt11. Asset Retirement Obligations12. Income Taxes13. Equity-Based Compensation14. Stockholders’ Equity15. Earnings Per Share16. Commitments and Contingencies17. LeasesItem 2. — Management’s Discussion and Analysis of Financial Condition and Results of OperationsOverview and Recent DevelopmentsResults of OperationsLiquidity and Capital ResourcesFair Value of Financial InstrumentsCritical Accounting Policies and EstimatesItem3. — Quantitative and Qualitative Disclosures About Market RiskItem4. — Controls and ProceduresPART II — OTHER INFORMATIONItem1. — Legal ProceedingsItem1A. — Risk FactorsItem2. — Unregistered Sales of Equity Securities and Use of ProceedsItem 5.— Other InformationItem6. — ExhibitsSIGNATURES GLOSSARY OF TERMS The terms defined in this section are used throughout this Quarterly Report on Form 10-Q: “Basin.” A large natural depression on the earth’s surface in which sediments generally brought by water accumulate. “Bbl.” One stock tank barrel, of 42 U.S. gallons liquid volume, used herein in reference to crude oil, condensate, natural gas liquids orfresh water. “Boe.” Barrels of oil equivalent, with 6,000 cubic feet of natural gas being equivalent to one barrel of crude oil. “Boepd.”Barrels of oil equivalent per day. “Bopd.”Barrels of oil per day. “British thermal unit.” The heat required to raise the temperature of a one-pound mass of water from 58.5 to 59.5 degrees Fahrenheit.“Completion.” The process of treating a drilled well followed by the installation of permanent equipment for the production of naturalgas or oil, or in the case of a dry hole, the reporting of abandonment to the appropriate agency. “DD&A.” Depreciation, depletion and amortization. “Dry hole.” A well found to be incapable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of such “Economically producible.” A resource that generates revenue that exceeds, or is reasonably expected to exceed, the costs of theoperation. “ESG.” Environmental, social and governance. “FASB.” Financial Accounting Standards Board. “Field.” An area consisting of a single reservoir or multiple reservoirs all grouped on, or related to, the same individual geologicalstructural feature or stratigraphic condition. The field name refers to the surface area, although it may refer to both the surface and the “Formation.” A layer of rock which has distinct characteristics that differ from nearby rock. “G&A.” General and administrative. “GAAP.” Generally accepted accounting principles in the United States. “GPT.” Gathering, processing and transportation. “MBbl.” One thousand barrels of crude oil, condensate, natural gas liquids or fresh wa