earnings
confidence high
sentiment neutral
materiality 0.75
Chord Energy Q4 2023 oil volumes exceed guidance; declares $3.25/share dividend; flat 2024 oil guidance
Chord Energy Corp
2023-FY EPS reported
$23.51
revenue$3,896,641,000
- Q4 2023 oil volumes 106.2 MBopd, total 183.8 MBoepd, both exceeding high-end guidance.
- E&P capex $208.8MM in Q4, $922.3MM in FY23, also exceeded guidance.
- Q4 net income $301.6MM, Adj. EBITDA $480.9MM, Adj. Free Cash Flow $247.4MM.
- Declared base-plus-variable cash dividend of $3.25/share; FY23 total returns ~$646MM.
- 2024 outlook: E&P capex $905-945MM, oil volumes flat 97-101 MBopd, adj. FCF ~$875MM at $79 WTI.