Chord Energy Corporation (CHRD) Tops Q1 EPS by 66c; offers outlook

Chord Energy Corporation (NASDAQ: CHRD) reported Q1 EPS of $4.04, $0.66 better than the analyst estimate of $3.38. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.16 billion.

OUTLOOK

Chord's updated FY25 guidance at $60/Bbl WTI and $3.75/MMBtu Henry Hub for 2Q – 4Q is as follows:

Adjusted EBITDA: Expected to be approximately $2.2B;
Adjusted Free Cash Flow: Expected to be approximately $650MM;
Gross Operated TILs: 130 – 150 wells (~80% working interest), with 40 – 50 wells planned for 2Q25 (~73% working interest). ~40% 3-mile laterals in 2025;
E&P and Other CapEx: Reduced by $30MM to approximately $1.37B driven by efficiencies;
Oil Volumes: Expected to average 152.5 MBopd, unchanged from February guidance;
LOE: Decreased $0.30/Boe to $9.60/Boe reflecting efficiencies (FY25 impact ~$30MM);
Differentials: Adjusted to reflect 1Q25 performance and current outlook; and
Interest expense: Increased due to March bond offering, recent buybacks and commodity price assumptions.

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

You May Also Be Interested In

• FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
• Tutor Perini prices $400M in senior notes to refinance debt
• IBM extends two credit agreements totaling $10 billion by one year