Chord Energy Corp. reported a net income of $44.5 million for the year ended December 31, 2025, a significant decrease from the $848.6 million reported in the previous year. This decline was primarily attributed to lower realized oil prices and a non-cash goodwill impairment charge. Total revenues for 2025 were $4.88 billion, compared to $5.25 billion in 2024. Average daily production for 2025 was 276,620 barrels of oil equivalent per day (Boepd), with crude oil accounting for 56% of the total.
The company's financial performance was influenced by several operational factors. Crude oil revenues amounted to $3.55 billion, while NGL and natural gas revenues reached $138.3 million and $212.0 million, respectively. Lease operating expenses were $9.73 per barrel of oil equivalent (Boe), and gathering, processing, and transportation (GPT) expenses were $2.88 per Boe. Production taxes averaged $2.89 per Boe. Capital expenditures for the year totaled $1.36 billion, primarily focused on exploration and production activities.
Strategic developments for Chord Energy in 2025 included the acquisition of certain Williston Basin assets from XTO Energy for $542.2 million, completed in October. This acquisition contributed to an increase in the company's estimated net proved reserves, which stood at 917.5 million barrels of oil equivalent (MMBoe) as of December 31, 2025. The standardized measure of discounted future net cash flows related to these reserves was $7.45 billion, and the PV-10, a non-GAAP measure, was $9.07 billion. The company also continued its return of capital program, repurchasing $364.5 million of common stock and declaring base cash dividends of $5.20 per share.
Looking ahead, Chord Energy plans to maintain a disciplined capital allocation strategy, focusing on maximizing returns and generating sustainable free cash flow. The company expects to continue its return of capital program, supplemented by opportunistic share repurchases and variable dividends. As of December 31, 2025, Chord Energy had $2.16 billion in available liquidity, including $189.5 million in cash and cash equivalents and $1.97 billion of unused borrowing base capacity under its credit facility. The company anticipates capital expenditures between $1.35 billion and $1.45 billion in 2026, with plans to turn-in-line (TIL) approximately 135 to 165 gross operated wells.
About Chord Energy Corp
Chord Energy Corporation is an independent exploration and production company focused on acquiring, exploring, developing, and producing crude oil, NGLs, and natural gas primarily in the Williston Basin. It controls extensive leasehold acreage, operates most of its wells, and leverages advanced drilling technologies. The company emphasizes capital discipline, sustainable free cash flow, and responsible environmental practices, serving North American energy markets with a competitive advantage in resource-rich, high-quality assets.
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