Core Viewpoint - The stock market is currently buoyed by enthusiasm surrounding President Trump's policies, but uncertainties regarding tax cuts and tariffs persist. Dividend-paying stocks are suggested as a potential buffer against market volatility [1]. Group 1: AT&T - AT&T announced a quarterly dividend of $0.2775 per share, with a dividend yield of nearly 5% [3]. - Analyst Joseph Bonner upgraded AT&T to a buy rating with a price target of $27, following the company's analyst day where it outlined its strategy and financial goals [3][4]. - Management raised its 2024 adjusted EPS outlook and plans to return $40 billion to shareholders from 2025 to 2027 through dividends and share repurchases [4][5]. Group 2: Chord Energy - Chord Energy aims to return over 75% of its free cash flow, recently paying a base dividend of $1.25 per share and a variable dividend of $0.19 per share [7]. - Analyst William Janela reiterated a buy rating on Chord Energy with a price target of $178, citing strong visibility in its outlook and enhanced capital efficiencies [8][9]. - Chord Energy's defensive balance sheet positions it well in a volatile oil price environment, with a net debt to EBITDX ratio of approximately 0.2x [9]. Group 3: Diamondback Energy - Diamondback Energy paid a base dividend of $0.90 per share for Q3 2024 and is expected to report strong Q4 results [12]. - Analyst Nitin Kumar maintains a buy rating on Diamondback with a price target of $207, highlighting that 50% of free cash flow is returned to investors [14]. - The company’s high dividend yield is attributed to superior cost control and unit margins, bolstered by the Endeavor Energy Resources acquisition [14].

Group 1 - Chord Energy Corporation (NASDAQ: CHRD) has signed a merger agreement that is expected to generate significant synergies in the coming years [1] - The company has been involved in several asset sales, indicating a potential for further asset divestitures in the near future [1] - The analyst has a long position in CHRD shares, reflecting confidence in the company's future performance [2] Group 2 - The analyst has extensive experience in the financial industry, covering mature sectors such as mining, oil and gas, and real estate [1] - The investment strategy focuses on mergers and acquisitions, deep value investments, and dividend investing, targeting an internal rate of return of approximately 5%-7% [1]

Financial Performance - Oil, NGL, and gas revenues for Q3 2024 reached $1,121,012 thousand, a 33.4% increase from $840,625 thousand in Q3 2023[15] - Total revenues for Q3 2024 were $1,450,467 thousand, up 29.1% from $1,123,368 thousand in Q3 2023[15] - Operating income for Q3 2024 was $272,893 thousand, a decrease of 22.6% compared to $352,737 thousand in Q3 2023[15] - Net income for Q3 2024 was $225,316 thousand, compared to $209,076 thousand in Q3 2023, reflecting an increase of 7.8%[15] - Basic earnings per share for Q3 2024 were $3.63, down from $5.01 in Q3 2023, representing a decline of 27.5%[15] - Total revenues for the nine months ended September 30, 2024, were $3,796,408 thousand, up 29.5% from $2,931,956 thousand in the same period of 2023[31] - Net income for the nine months ended September 30, 2024, was $638,030 thousand, a decrease of 12% compared to $722,146 for the same period in 2023[21] - The company’s net income per share for the nine months ended September 30, 2024, was $13.13, compared to $14.50 for the same period in 2023[57] Assets and Liabilities - Total assets increased to $13,034,163 thousand as of September 30, 2024, compared to $6,926,150 thousand on December 31, 2023, representing an increase of approximately 88%[10] - Current assets rose to $1,552,136 thousand, up from $1,424,551 thousand, reflecting a growth of about 9%[10] - Oil and gas properties increased significantly to $12,434,669 thousand from $6,320,243 thousand, marking an increase of approximately 97%[10] - Total liabilities reached $4,257,249 thousand, compared to $1,849,526 thousand, indicating an increase of around 130%[10] - Stockholders' equity grew to $8,776,914 thousand from $5,076,624 thousand, which is an increase of approximately 73%[12] - Current liabilities increased to $1,661,780 thousand from $1,165,459 thousand, reflecting a growth of approximately 43%[10] - Long-term debt rose to $867,173 thousand from $395,902 thousand, representing an increase of about 119%[10] - Total accrued liabilities increased to $738,991 thousand as of September 30, 2024, compared to $493,381 thousand at December 31, 2023, indicating a 49.9% increase[33] Acquisitions and Investments - The company completed the acquisition of Enerplus Corporation on May 31, 2024, impacting financial results from that date forward[9] - The total consideration for the acquisition of Enerplus was $4,611.26 million, which included 20,680,097 shares of common stock and $375.8 million in cash[51] - Goodwill recognized from the Enerplus acquisition totaled $539.8 million, primarily due to expected operational and financial synergies[50] - The net assets acquired from Enerplus amounted to $4,071.47 million after accounting for liabilities assumed[53] - The company recorded total assets acquired from Enerplus at an estimated fair value of $5,856.75 million[53] Cash Flow and Capital Expenditures - Net cash provided by operating activities increased to $1,530,772, up 20% from $1,276,517 in the prior year[21] - Capital expenditures for the nine months ended September 30, 2024, were $877,381, an increase of 37% compared to $642,584 in 2023[21] - The company experienced a net cash used in investing activities of $1,494,111, an increase from $1,112,318 in the previous year[21] - Total capital expenditures for the nine months ended September 30, 2024, amounted to $904.95 million, with $328.43 million in E&P expenditures for the third quarter[119] Shareholder Returns - Total dividends declared for the nine months ended September 30, 2024, amounted to $419.3 million, compared to $400.8 million for the same period in 2023[74] - The company repurchased 1,509,996 shares of common stock at a weighted average price of $157.47 per share for a total cost of $237.8 million during the nine months ended September 30, 2024[75] - The company declared a base-plus-variable cash dividend of $1.44 per share on November 6, 2024, payable on December 12, 2024[74] Operational Efficiency - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[15] - Production volumes averaged 280,815 Boepd, with crude oil volumes of 158,793 Bopd in Q3 2024, representing a significant increase from 207,187 Boepd in Q2 2024[95] - Lease operating expenses (LOE) were $9.56 per Boe in Q3 2024, reflecting operational efficiency[95] - The company is focused on optimizing transportation and processing costs through long-term contracts in oversupplied areas[81] Derivative Instruments and Risk Management - The company reported a net gain on derivative instruments of $52,721 thousand in Q3 2024, compared to a loss of $85,205 thousand in Q3 2023[15] - The Company reported a net gain on commodity derivatives of $54,143 thousand for the three months ended September 30, 2024, compared to a loss of $91,483 thousand for the same period in 2023[46] - The Company has fixed-price swaps for crude oil volumes totaling 460,000 Bbls at an average price of $73.82 for 2024[42] - As of September 30, 2024, total derivative assets amounted to $123,697 thousand, with $86,654 thousand net after offsets[48] Tax and Regulatory Matters - The effective tax rate for the three months ended September 30, 2024, was 26.1%, higher than the statutory federal rate of 21% due to state income taxes[67] - The company is currently evaluating the impact of new accounting standards and SEC rules on its financial statements and disclosures[30] Market Commitments - The company has volume commitment agreements requiring the delivery of approximately 49.7 million barrels of crude oil, 8.6 million barrels of NGLs, and 492.4 billion cubic feet of natural gas[80] - Future commitments under these agreements total approximately $629.1 million over the next five years, with the highest commitment of $158.2 million in Year 2[81]

November 6, 2024 Durable Free Cash Flow Generation with Improving Returns 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 condition ...

Financial Data and Key Metrics Changes - Chord Energy reported adjusted free cash flow of approximately $312 million for Q3 2024, with strong oil volumes and lower capital expenditures contributing to this upside [10][39] - Operating expenses were below expectations, with lease operating expenses (LOE) at $9.56 per BOE, reflecting better downtime and lower workover costs [42] - Capital expenditures for the quarter were $329 million, below the low end of guidance, indicating operational efficiencies [43] Business Line Data and Key Metrics Changes - Oil volumes for Q3 were at the top end of guidance, driven by strong execution and well performance [9] - The company expects a fourth quarter oil guidance of approximately 152,000 barrels per day, reflecting an increase of about 600 barrels a day on a pro forma basis [44][45] - The divestiture of DJ Basin assets is expected to fund acquisition opportunities and share repurchases, indicating a strategic shift in asset management [12][13] Market Data and Key Metrics Changes - Oil realizations in Q3 averaged about $1.50 below WTI, while natural gas realizations were below the low end of the guidance at 20% of Henry Hub [40] - The company noted that AECO pricing dislocation negatively impacted natural gas realizations, which are expected to improve with recent pricing trends [41][46] Company Strategy and Development Direction - Chord Energy aims to hold oil volumes steady at 152,000 to 153,000 barrels per day from 2025 through 2027, with annual capital expenditures of $1.4 billion [14] - The company is focused on integrating Enerplus assets to drive synergies and enhance capital efficiency, capturing over $200 million in annual synergies [15][35] - Chord is committed to sustainable energy production and has published its 2023 sustainability report, highlighting efforts in emissions reduction and corporate governance [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational performance and the ability to deliver on its three-year plan, emphasizing continuous improvement and efficiency gains [50] - The management acknowledged the impact of recent wildfires in North Dakota but indicated that production curtailments were short-lived [8][7] - The company is optimistic about the Williston Basin's investment attractiveness, countering misconceptions about the Bakken's cost of supply [17][16] Other Important Information - Chord repurchased $146 million of shares during the quarter, representing 93% of capital return, and plans to continue buybacks in the current valuation environment [11] - The company has shifted to longer laterals and wider spacing, which has improved capital efficiency and reduced decline rates [34][30] Q&A Session Summary Question: Are there various commodity price scenarios where you would alter the suggested spend? - Management indicated that the plan is geared around the current commodity price environment and would respond to market signals accordingly [54][55] Question: How do you see well breakeven across different regions? - Management noted similar returns and investment opportunities across different regions, with a focus on wider spacing and longer laterals [58] Question: Can you provide color on updated 3-mile EURs? - Management expressed confidence in the performance of 3-mile laterals, attributing improvements to successful cleaning out to the toe of the wells [60][62] Question: How do you think about the mix of properties across the Bakken? - Management expects a mix of operated and non-operated wells, with a slight decrease in operated well count due to increased lateral lengths [76] Question: What percent of the program will simul-frac migrate towards? - Management indicated that simul-frac will be a significant part of the next year's plan, enhancing efficiency [80] Question: How do you think about spacing on Enerplus acreage? - Management stated that spacing will be similar to current practices but may vary based on subsurface geology [88][87]

These two dividend stocks and an ETF are packed with way more passive income potential than the S&P 500.The S&P 500 yields just 1.3%, as growth companies that don't pay dividends or that sport low yields have grown to make up a larger portion of the index. Investors who use dividends to supplement income in retirement or rely on a passive income stream for financial planning may turn to other pockets of the market for a higher yield.The energy sector has a nice balance of yield and value, as many oil and ga ...

Chord Energy Corporation (CHRD) came out with quarterly earnings of $3.40 per share, missing the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $5.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.59%. A quarter ago, it was expected that this company would post earnings of $5 per share when it actually produced earnings of $4.69, delivering a surprise of -6.20%.Over the last four quarters, the co ...

Exhibit 99.1 Chord Energy Reports Strong Third Quarter 2024 Financial and Operating Results, $146MM of Share Repurchases and Issues 2025 – 2027 Outlook Houston, Texas — November 6, 2024 — Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the third quarter 2024. The results for the three and nine months ended September 30, 2024 include the results of Enerplus Corporation ("Enerplus") for the period subsequent to May 31, 2024, ...

HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the third quarter 2024. The results for the three and nine months ended September 30, 2024 include the results of Enerplus Corporation ("Enerplus") for the period subsequent to May 31, 2024, unless otherwise noted.Key Takeaways and Updates:  Cash Flow from Operations and Adjusted Free Cash Flow exceeded expectations in 3Q24, supported by ...

HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord" or the "Company") today announced the release of its 2023 Sustainability Report, which highlights Chord's commitment to sustainable operations and transparent reporting of environmental stewardship, social responsibility and corporate governance. The report is available on the Company's website at www.chordenergy.com/sustainability. "We are pleased to share Chord's 2023 Sustainability Report with our stakeholders," said ...