earnings
confidence high
sentiment positive
materiality 0.80
Chord Q3 beats: oil 158.8 MBopd, adj. FCF $312.5M, FY24 oil guidance raised
Chord Energy Corp
2024-Q3 EPS reported
$12.34
revenue$3,796,408,000
- Oil volumes 158.8 MBopd (near high-end of guidance); total volumes 280.8 MBoepd (above high-end).
- E&P capex $329.2M (below low-end guidance); net income $225.3M; adjusted EBITDA $674.5M.
- Returned $234M to shareholders (75% of adj. FCF); $146M in buybacks, $1.44 dividend per share.
- FY24 capital guidance lowered; FY24 oil volume guidance raised; new $750M buyback authorization.
- Issued 2025-2027 outlook: ~$1.4B annual capex to hold oil volumes flat.