Chord Energy Q3 production beats guidance; declares $3.67 base-variable dividend

Chord Energy Corp

2022-Q3 EPS reported $51.99 revenue$2,631,192,000

Q3 production 172.5 MBoe/d (oil 96.2 MBo/d) above high end of guidance; E&P CapEx $230.1MM below low end.
Net income $941.6MM; Adjusted EBITDA $564.6MM; Adjusted Free Cash Flow $325.7MM.
Declared base-plus-variable cash dividend of $3.67/share, payable Nov 29 to holders of record Nov 15.
Repurchased ~$125MM of stock (1.2M shares) at $106.25/share in Q3; cash $658.9MM vs debt $400.0MM.
Sold 16M Crestwood units for net proceeds $428.2MM; expects ~$100M+ in merger synergies.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chord Energy Corp reported the quarter ended September 30, 2022 results: net income $941.6MM. Guidance reaffirmed.

Period: the quarter ended September 30, 2022
Net income: $941.6MM
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today reported financial and operating results for the quarter ending September 30, 2022, declared base and variable dividends and provided an updated outlook for the business.

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Source: SEC EDGAR

accession 0001486159-22-000038

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