Chord Energy Q1 oil volumes beat high-end guidance; declares $3.22 dividend

Chord Energy Corp

2023-Q1 EPS reported $6.87 revenue$896,517,000

Oil volumes 95.1 MBopd (above high-end guidance); total volumes 164.7 MBoepd.
Net income $297M, revenue $766M; Adjusted EBITDA $408M, AFFCF $198.6M.
Declared base+variable cash dividend $3.22/share, payable May 30 to holders of record May 16.
Return of capital at 75% of AFFCF; $15M shares repurchased in Q1 at $135.55 avg.
Sale of non-core properties for ~$35M (1.1 MBoepd, 0.9 MBopd), closing in Q2; cash $592M > debt $400M.

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 0.95

Chord Energy Corp reported the quarter ended March 31, 2023 results: revenue $766.2MM, net income $297.0MM.

Period: the quarter ended March 31, 2023
Revenue: $766.2MM
Net income: $297.0MM
Result: reported results

Exact text from the filing

and accelerated activity; • Total 1Q23 volumes of 164.7 MBoepd were above midpoint of guidance, with NGL volumes negatively impacted by ethane rejection; • 1Q23 revenues totaled $766.2MM. Combined natural gas and NGL revenues totaled $115.3MM, which exceeded the $108.0MM of revenue implied by midpoint volume and differential guidance using actual 1Q23 benchmark

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Source: SEC EDGAR

accession 0001486159-23-000014

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