earnings
confidence high
sentiment positive
materiality 0.80
Chord Energy Q4 2022 net income $377.6M; declares $4.80 dividend; 2023 capex $825-865M
Chord Energy Corp
2022-FY EPS reported
$57.55
revenue$3,646,794,000
- Q4 production 171.3 MBoepd (95.8 MBopd oil); E&P capex $164.1M, below guidance due to winter weather.
- Net income $377.6M; adjusted EBITDA $475.6M; adjusted free cash flow $304.4M.
- Cash $593.2M exceeds debt $400.0M; net proved reserves 655.6 MMBoe, PV-10 $14.5B.
- Declared base-plus-variable dividend of $4.80/share payable March 21, 2023 to holders of record March 7.
- 2023 outlook: capex $825-865M, oil volumes flat to slightly up YoY; adj. FCF >$825M at $75 WTI.