Filing Flows › Chord Energy (CHRD) › Q1 2025
Chord Energy (CHRD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Chord Energy (CHRD) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -16% from the quarter before. Operating margin was 27.8%, net earnings $220M (18.1% of revenue).
Chord Energy, Q1 2025: revenue $1.2B (+12% year over year), operating margin 27.8%, net earnings $220M, operating cash flow $657M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -16% | +12% |
| Operating profit | $338M | +27% | +24% |
| Net earnings | $220M | +4% | +10% |
| Operating cash flow | $657M | +16% | +62% |
| Free cash flow | $348M | +31% | +89% |
What changed
Revenue was $1.2B in Q1 2025, up 12% year over year and down 16% from the previous quarter. Crude oil revenues was the largest line at 79% of revenue. Crude oil revenues added $0.28B year over year (up 41%), 214% of the total change. Purchased crude oil sales declined 68%.
Operating profit was $0.34B, a 27.8% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 25% margin then. Total costs grew 8% against revenue growth of 12%. The fastest-growing cost line was General & admin (+49%). Net earnings were $0.22B, up 10% year over year. The effective tax rate was 25.0%.
Operating cash flow was $0.66B (up 62% year over year), 299% of net earnings. Non-cash charges added back $0.35B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.31B left free cash flow of $0.35B.
Questions
What was Chord Energy's revenue in the first quarter 2025?
Chord Energy (CHRD) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -16% from the quarter before.
Was Chord Energy profitable in the first quarter 2025?
Operating profit was $338M (27.8% of revenue) and net earnings $220M.
Source: Chord Energy 10-Q on SEC EDGAR.