Chord Energy Q1 oil volumes beat guidance; declares $2.94 dividend; Enerplus deal closing May 31

Chord Energy Corp

2024-Q1 EPS reported $4.65 revenue$1,085,260,000

Oil volumes of 99.0 MBopd exceeded high-end guidance; LOE $10.39/BOE below low-end guidance.
Net income $199.4M; Adjusted EBITDA $464.8M; Adjusted Free Cash Flow $199.6M.
Declared base-plus-variable dividend of $2.94 per share; share repurchases of $30.0M at $155.20/share.
Return of capital set at $153M, or 75% of Adjusted Free Cash Flow (excl. reimbursed non-op capital).
Pending combination with Enerplus expected to close on May 31, 2024, subject to customary conditions.

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 0.98

Chord Energy Corp reported first quarter 2024 results: net income $199.4MM.

Period: first quarter 2024
Net income: $199.4MM
Result: reported results

Exact text from the filing

Chord Energy Corporation (the "Company") announced its financial and operating results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001486159-24-000032

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