Filing Flows › Chord Energy (CHRD) › Q2 2025
Chord Energy (CHRD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Chord Energy (CHRD) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -3% from the quarter before. Operating margin was -34.2%, net loss $390M (33.0% of revenue).
Chord Energy, Q2 2025: revenue $1.2B (-6% year over year), operating margin -34.2%, net loss $390M, operating cash flow $420M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -3% | -6% |
| Operating profit | −$403M | -219% | — |
| Net earnings | −$390M | -277% | — |
| Operating cash flow | $420M | -36% | -9% |
| Free cash flow | $24.3M | -93% | -83% |
What changed
Revenue was $1.2B in Q2 2025, down 6% year over year and down 3% from the previous quarter. Crude oil revenues was the largest line at 74% of revenue. Purchased crude oil sales lost $0.12B year over year (down 35%), 152% of the total change.
Operating costs exceeded revenue by $0.40B, an operating margin of -34.2%. Total costs grew 63% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+48%). The quarter ended with a net loss of $0.39B, after a profit of $0.22B the previous quarter. Non-operating items added $0.07B, -20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.42B (down 9% year over year). Non-cash charges added back $0.38B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.43B. Capital expenditures of $0.40B left free cash flow of $0.02B.
Questions
What was Chord Energy's revenue in the second quarter 2025?
Chord Energy (CHRD) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -3% from the quarter before.
Was Chord Energy profitable in the second quarter 2025?
Operating loss was $403M (-34.2% of revenue) and net loss $390M.
Source: Chord Energy 10-Q on SEC EDGAR.