Filing Flows › Chord Energy (CHRD) › Q4 2025
Chord Energy (CHRD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Chord Energy (CHRD) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -20% from a year earlier and -11% from the quarter before. Operating margin was 7.9%, net earnings $84.4M (7.2% of revenue).
Chord Energy, Q4 2025: revenue $1.2B (-20% year over year), operating margin 7.9%, net earnings $84.4M, operating cash flow $405M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -11% | -20% |
| Operating profit | $91.9M | -46% | -65% |
| Net earnings | $84.4M | -35% | -60% |
| Operating cash flow | $405M | -28% | -29% |
| Free cash flow | $102M | -53% | -62% |
What changed
Revenue was $1.2B in Q4 2025, down 20% year over year and down 11% from the previous quarter. Crude oil revenues was the largest line at 68% of revenue.
Operating profit was $0.09B, a 7.9% margin (down 10.4 points year over year). Total costs fell 9% while revenue fell 20%. Net earnings were $0.08B, down 60% year over year. The effective tax rate was 27.1%. Non-operating items added $0.02B, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.40B (down 29% year over year), 480% of net earnings. Non-cash charges added back $0.37B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.30B left free cash flow of $0.10B.
Questions
What was Chord Energy's revenue in the fourth quarter 2025?
Chord Energy (CHRD) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -20% from a year earlier and -11% from the quarter before.
Was Chord Energy profitable in the fourth quarter 2025?
Operating profit was $91.9M (7.9% of revenue) and net earnings $84.4M.
Source: Chord Energy 10-K on SEC EDGAR.