It has been about a month since the last earnings report for Chord Energy Corporation (CHRD) . Shares have added about 2.7% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Chord Energy Corporation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates ...

Market Overview - Volatile markets are prompting investors to seek stability through dividend stocks, which offer both upside potential and solid income [1] - Recent U.S.-China tariff agreement provides some relief, but concerns about steep duties under the Trump administration persist [1] Chord Energy (CHRD) - Chord Energy is highlighted as a top dividend pick, reporting solid Q1 2025 results due to better-than-expected well performance and strong cost control [3][4] - The company returned 100% of its adjusted free cash flow to shareholders through share repurchases and declared a base dividend of $1.30 per share, resulting in a 6.8% dividend yield [4] - Analyst Gabriele Sorbara from Siebert Williams Shank maintains a buy rating and raises the price target to $125, citing attractive assets and strong free cash flow [5][8] - Chord Energy reduced its 2025 capital expenditure outlook by $30 million while maintaining production guidance, supported by operational efficiencies [6][7] Chevron (CVX) - Chevron reported Q1 results reflecting lower oil prices, with a slowdown in stock buybacks expected in Q2 2025 due to tariff issues and OPEC+ supply increases [9][12] - The company returned $6.9 billion to shareholders in Q1 through share repurchases of $3.9 billion and dividends of $3.0 billion, offering a 4.8% dividend yield [11] - Analyst Neil Mehta from Goldman Sachs trimmed the price target to $174 but reaffirmed a buy rating, highlighting strong free cash flow generation from major projects [12][13] EOG Resources (EOG) - EOG Resources reported strong Q1 2025 earnings, returning $1.3 billion to shareholders, including $538 million in dividends and $788 million in share repurchases [15][16] - The company declared a dividend of $0.975 per share, resulting in a 3.4% dividend yield, and plans to continue returning at least 100% of free cash flow to shareholders [16][19] - Analyst Scott Hanold from RBC Capital reaffirmed a buy rating with a price target of $145, noting a 3% reduction in capital budget and a 0.6% decrease in organic oil production [17][20]

Group 1 - Chord Energy (NASDAQ: CHRD) was formed from the merger of Whiting Petroleum and Oasis Petroleum, and it has since acquired Bakken assets from Exxon Mobil (XOM) [1] - In the previous year, Chord Energy acquired Enerplus for $3.8 billion, which also had significant assets in the US Bakken region [1] - Laura Starks, founder and CEO of Starks Energy Economics, has extensive experience in energy investments and covers various sectors including oil and natural gas [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-34776 Chord Energy Corporation (Exact name of registrant as specified in its charter) Delaware 80-0554627 (State or other ...

Chord Energy Corporation (NASDAQ:CHRD) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Bob Bakanauskas - VP of IR Danny Brown - President and CEO Darrin Henke - EVP and COO Richard Robuck - EVP and CFO Michael Lou - EVP, Chief Strategy Officer and Chief Commercial Officer Conference Call Participants Oliver Huang - TPH Noah Hungness - Bank of America Derrick Whitfield - Texas Capital Paul Diamond - Citi Josh Silverstein - UBS Geoff Jay - Daniel Energy Partners Noel Parks - Tuo ...

Chord Energy (CHRD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Bob Bakanauskas - VP - Investor RelationsDaniel Brown - President, CEO & DirectorDarrin Henke - Executive VP & COORichard Robuck - Executive VP, CFO & TreasurerOliver Huang - DirectorNoah Hungness - Equity Research AssociateDerrick Whitfield - Managing DirectorJosh Silverstein - Managing DirectorGeoff Jay - PartnerNoel Parks - Managing Director - Energy ResearchMichael Lou - Executive VP, Chief Strategy Officer & Chief C ...

Financial Data and Key Metrics Changes - Chord Energy reported adjusted free cash flow for Q1 2025 of approximately $291 million, maintaining shareholder returns at 100% of free cash flow for the second consecutive quarter [6][28] - The company repurchased $216.5 million worth of shares during the quarter, reducing its share count by approximately 9% since the Enerplus transaction [6][28] - Leverage remained unchanged at about 0.3 times, indicating strong balance sheet strength [7][9] Business Line Data and Key Metrics Changes - First quarter oil volumes exceeded guidance, reflecting strong execution and well performance [5] - Operating expenses were lower than expected, contributing to improved cost structure [5] - The company plans to reduce its frac crew count from two to one by early June, allowing for a more flexible operational approach [10][11] Market Data and Key Metrics Changes - Oil differentials averaged $2.3 below WTI in Q1, slightly weakening from the previous quarter but within guidance [29] - Natural gas realizations were 63%, above the top end of guidance, benefiting from strong regional prices [29] - Production taxes averaged 6.8% of commodity sales in Q1, below expectations, primarily due to a non-recurring refund for stripper wells [30] Company Strategy and Development Direction - The company is focused on increasing free cash flow through cost control and operational efficiencies, targeting approximately $3 billion in controllable costs [12] - Chord Energy aims to convert over 80% of its inventory to long laterals, which are expected to enhance economic returns and lower breakeven pricing [14][15] - The company is committed to sustainability initiatives, planning to publish an updated sustainability report later in the year [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a deteriorating pricing outlook and increased volatility but expressed confidence in the company's operational and financial flexibility [7][8] - The company has a strong foundation and significant flexibility to adjust operations as needed, built around modest mid-cycle oil price expectations [17] - Management emphasized the importance of continuous improvement and innovation to enhance capital productivity and margins [15][16] Other Important Information - The company successfully drilled and completed its first four-mile lateral well, achieving lower costs and encouraging initial production results [20][21] - A $30 million reduction in full-year capital guidance was announced, reflecting program efficiencies without impacting production targets [19][30] Q&A Session Summary Question: Activity levels and frac crew decisions for 2026 - Management indicated that the decision to bring back a second frac crew will depend on various factors, including oil prices and capital allocation opportunities [36][37] Question: Transition to four-mile laterals - Management expressed confidence in moving to a four-mile lateral program quickly, contingent on operational success and permitting processes [40][41] Question: Oil production cadence for Q3 and Q4 - Management anticipates a decline in oil production as the company reduces activity, with a potential recovery in 2026 if conditions improve [44][45] Question: Confidence in increasing four-mile lateral wells - Positive operational results from initial four-mile wells have led to increased confidence in expanding the program [48][50] Question: Maintenance capital and growth sustainability - Management indicated that maintaining production levels would require a specific crew count, with capital implications for future growth [55][56] Question: Marketing contracts and cost reduction opportunities - Management highlighted opportunities to renegotiate marketing contracts and improve operational efficiencies to lower cash costs [60][62] Question: Addressable market for four-mile laterals - Management discussed the potential for expanding inventory and improving breakeven costs through the adoption of longer laterals [66][68] Question: M&A activity and market conditions - Management noted that rapid price movements create challenges for M&A transactions, emphasizing the need for price stability [77][78]

Chord Energy Corporation (CHRD) came out with quarterly earnings of $4.04 per share, beating the Zacks Consensus Estimate of $3.60 per share. This compares to earnings of $5.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.22%. A quarter ago, it was expected that this company would post earnings of $2.75 per share when it actually produced earnings of $3.49, delivering a surprise of 26.91%. Over the last four quarters, t ...

May 6, 2025 Resiliency and Continuous Improvement Support Strong Long-Term Outlook Important Disclosures Forward-Looking and Cautionary Statements Certain statements in this presentation, other than statements of historical facts, that address activities, events or developments that Chord expects, believes or anticipates will or may occur in the future, including any statements regarding the benefits and synergies of the Enerplus combination, future opportunities for Chord, future financial performance and ...

Production and Operations - Chord Energy achieved oil production volumes of 153.7 MBopd, exceeding the high-end of guidance of 149.5 – 152.5 MBopd[7] - Natural gas volumes in the Marcellus region were 128.5 MMcfpd, with a realized price of $4.71/Mcf in 1Q25[17] - For FY25, Chord maintained production guidance while closely monitoring the macro environment for potential adjustments[12] Financial Performance - The company reported total revenues of $1,215.0 million for Q1 2025, a 12.0% increase from $1,085.3 million in Q1 2024[34] - Net income for Q1 2025 was $219.8 million, compared to $199.4 million in Q1 2024, reflecting a 10.2% year-over-year growth[34] - The operating income for Q1 2025 was $338.0 million, an increase from $272.9 million in the same period last year[34] - Adjusted EBITDA for Q1 2025 was reported at $695.5MM, with net cash provided by operating activities amounting to $656.9MM[8] - Adjusted EBITDA for Q1 2025 was $695,511, representing a 49.6% increase from $464,779 in Q1 2024[52] - Adjusted Free Cash Flow rose to $290,496, a 45.5% increase compared to $199,621 in the prior year[52] Shareholder Returns - The company returned 100% of Adjusted Free Cash Flow to shareholders, totaling $216.5MM in stock repurchases at an average price of $108.54 per share[6] - Chord declared a base dividend of $1.30 per share, payable on June 9, 2025[9] Capital Expenditures and Guidance - The company reduced its capital expenditure guidance for FY25 by $30MM to approximately $1.37B, reflecting program efficiencies[15] - Total capital expenditures (CapEx) for Q1 2025 amounted to $374.4 million, with $354.8 million allocated to exploration and production (E&P) and $17.9 million for acquisitions[18] - Capital expenditures for the quarter were $308,913, an increase from $222,149 in the same period last year[36] Debt and Liquidity - The company issued $750MM of 2033 Senior Notes at 6.75%, enhancing liquidity to over $1.9B with leverage at 0.3x[6] - As of March 31, 2025, total debt stood at $810.0 million, with $750.0 million in senior notes and $60.0 million in revolver borrowings[21] - The company’s cash and cash equivalents were $35.8 million as of March 31, 2025, down from $36.9 million at the end of 2024[21] Expenses and Costs - Chord's lease operating expense (LOE) was $9.56 per Boe, below the midpoint of guidance[6] - Cash General and Administrative (G&A) expenses were $28,349, up from $14,494 in the previous year, reflecting a 96.1% increase[44] - Cash Interest for Q1 2025 was $15,627, compared to $7,410 in Q1 2024, indicating a 110.0% increase[47] Earnings and Shares - Basic earnings per share (EPS) for Q1 2025 was $3.67, down from $4.79 in Q1 2024[34] - Diluted earnings per share decreased to $3.68 in Q1 2025 from $4.66 in Q1 2024, reflecting a decline of approximately 21.0%[57] - The diluted weighted average shares outstanding increased to 59,665,000 in Q1 2025 from 42,747,000 in Q1 2024, a rise of approximately 39.5%[57] Other Financial Metrics - The company received a contingent consideration payment of $25.0 million in Q1 2025 related to a previous asset divestiture[20] - Total assets increased to $13,058.6 million as of March 31, 2025, compared to $13,032.0 million at the end of 2024[32] - The tax rate applicable to adjustment items was 23.5% for Q1 2025, compared to 22.4% for Q1 2024[57] - The net loss on derivative instruments was $20,281,000 in Q1 2025, compared to $27,577,000 in Q1 2024, a decrease of approximately 26.6%[57] - The total impairment recorded was $1,000 in Q1 2025, significantly lower than $3,919,000 in Q1 2024, indicating a decrease of approximately 99.9%[57]