secwatch.observer — SEC 8-K summary
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Issuer:     Chord Energy Corp (CHRD)
CIK:        0001486159
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001486159-22-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486159/000148615922000038/0001486159-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486159/000148615922000038/oas-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001486159-22-000038

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