Chord Energy Corporation (CHRD) Misses Q3 EPS by 10c; provides outlook

Chord Energy Corporation (NASDAQ: CHRD) reported Q3 EPS of $5.04, $0.10 worse than the analyst estimate of $5.14. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $764.67 million.

OUTLOOK

For the full-year 2023, Chord expects to generate approximately $1.73B of Adjusted EBITDA and $800MM of Adjusted Free Cash Flow, with a reinvestment rate of approximately 50% ($80/Bbl WTI and $3.00/MMBtu Henry Hub in 4Q23).

For earnings history and earnings-related data on Chord Energy Corporation (CHRD) click here.

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