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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 1,123,368 $ 1,188,843 $ 2,931,956 $ 2,631,192
Operating expenses        
Lease operating expenses 177,115 156,397 489,077 287,318
Gathering, processing and transportation expenses 52,294 35,549 132,706 99,759
Production taxes 72,485 83,535 191,490 159,473
Depreciation, depletion and amortization 160,293 141,047 431,131 227,856
General and administrative expenses 26,117 102,226 100,775 151,415
Total operating expenses 771,530 652,289 2,005,869 1,473,829
Gain on sale of assets, net 899 755 3,739 2,595
Operating income 352,737 537,309 929,826 1,159,958
Other income (expense)        
Net gain (loss) on derivative instruments (85,205) 337,409 11,247 (128,766)
Net gain from investment in unconsolidated affiliate 13,512 75,093 21,421 38,977
Interest expense, net of capitalized interest (7,923) (8,645) (22,286) (22,810)
Other income (expense) 1,651 (864) 9,137 2,186
Total other income (expense), net (77,965) 402,993 19,519 (110,413)
Income from continuing operations before income taxes 274,772 940,302 949,345 1,049,545
Income tax (expense) benefit (65,696) 1,307 (227,199) 3,352
Net income from continuing operations 209,076 941,609 722,146 1,052,897
Income (loss) from discontinued operations attributable to Chord, net of income tax 0 (59,858) 0 425,696
Net income attributable to Chord $ 209,076 $ 881,751 $ 722,146 $ 1,478,593
Basic earnings attributable to Chord per share:        
Basic from continuing operations (in dollars per share) $ 5.01 $ 22.79 $ 17.28 $ 39.28
Basic from discontinued operations (in dollars per share) 0 (1.45) 0 15.88
Basic total (in dollars per share) 5.01 21.34 17.28 55.16
Diluted earnings attributable to Chord per share:        
Diluted from continuing operations (in dollars per share) 4.77 21.84 16.54 37.02
Diluted from discontinued operations (in dollars per share) 0 (1.39) 0 14.97
Diluted total (in dollars per share) $ 4.77 $ 20.45 $ 16.54 $ 51.99
Weighted average shares outstanding:        
Basic (in shares) 41,563 41,318 41,670 26,806
Diluted (in shares) 43,662 43,107 43,527 28,438
Oil and Gas Services        
Revenues        
Total revenues $ 840,625 $ 1,056,146 $ 2,302,251 $ 2,088,215
Operating expenses        
Exploration and impairment 1,611 910 33,257 1,698
Purchased Oil and Gas        
Revenues        
Total revenues 282,743 132,697 629,705 542,653
Operating expenses        
Purchased oil and gas expenses 281,615 132,625 627,433 546,310
Other services revenues        
Revenues        
Total revenues $ 0 $ 0 $ 0 $ 324