Chord Energy Corporation (CHRD) Misses Q2 EPS by 32c; updates outlook

Chord Energy Corporation (NASDAQ: CHRD) reported Q2 EPS of $4.69, $0.32 worse than the analyst estimate of $5.01. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $991.58 million.

OUTLOOK

Chord is updating its FY24 guidance to reflect the completion of the combination with Enerplus and remains on target with its 2024 plan. Chord expects to generate approximately $2.9B of Adjusted EBITDA and $1.2B of Adjusted Free Cash Flow on a pro forma basis in FY24, with a reinvestment rate of approximately 55% (actual prices for 1H24 and $80/Bbl WTI and $2.50/MMBtu Henry Hub for 2H24).

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

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