Chord Energy reports strong Q3: net income $209M, oil volumes beat guidance; buyback authorized to $750M

Chord Energy Corp

2023-Q3 EPS reported $16.54 revenue$2,931,956,000

Oil volumes 101.4 MBopd, total volumes 176.0 MBoepd, both above guidance high-end.
Net income $209.1M; Adjusted EBITDA $469.1M; Adjusted Free Cash Flow $207.4M.
Share repurchase authorization increased to $750M (~10% of market cap); $112.3M repurchased in Q3.
Declared base-plus-variable cash dividend of $2.50/share, payable Nov 28, 2023 to record Nov 14.
E&P and other CapEx $254.2MM below midpoint of guidance.

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 third quarter 2023 results: net income $209.1MM.

Period: third quarter 2023
Net income: $209.1MM
Result: reported results

Exact text from the filing

Chord Energy Corporation (the "Company") announced its financial and operating results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001486159-23-000036

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