September had a bumpy start for investors as volatility jolted markets in the first week, but dividend-paying stocks can help smooth the ride. Investors with a long-term investment horizon can ignore short-term noise to focus on stocks that have the potential to enhance their total portfolio returns through a mix of dividends and share price appreciation. To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent d ...

The market is being too pessimistic over oil companies with assets in the Bakken oil field. There's a major fault line running through the U.S. oil and gas sector, and I'm not talking about geology here. Simply put, Devon Energy (DVN -1.76%), Vitesse Energy (VTS -1.18%), and Chord Energy (CHRD -2.20%) are trading on lowly valuations and colossal dividend yields because investors are pricing in Bakken oil field assets at a discount to other assets such as in the Permian Basin. However, all three stocks now t ...

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high ...

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 June 30, 2024 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 | --- | --- | |------------------------------------------------------------------------------------------------------ ...

Financial Data and Key Metrics Changes - Chord Energy reported adjusted free cash flow of approximately $263 million for Q2 2024, which was above expectations and included a full quarter of Enerplus' results [7][22] - The company declared a variable dividend of $1.27 per share, in addition to a base dividend of $1.25 per share, reflecting a return of 75% of adjusted free cash flow to shareholders [7][8] - Capital expenditures were below expectations due to timing adjustments, and lease operating expenses (LOE) came in favorable, reflecting lower maintenance costs [6][10] Business Line Data and Key Metrics Changes - Oil volumes for Q2 2024 were at the top end of guidance, driven by strong well performance and reduced downtime [6] - The company plans to maintain its capital guidance for the year despite increasing its full-year oil production guidance by 500 barrels per day [10][11] - Chord is focusing on non-operated spending in the second half of the year, investing in attractive non-operated opportunities acquired through the Enerplus transaction [9] Market Data and Key Metrics Changes - The Williston Basin is highlighted as having the highest oil cut among major onshore basins, supporting strong margins and returns [13][14] - Chord's average spacing across the basin is wider than other operators, which has contributed to improved capital efficiency [18][19] Company Strategy and Development Direction - Chord is committed to efficient and sustainable free cash generation, focusing on a maintenance plus program without increasing capital expenditures for the year [8][10] - The integration with Enerplus is progressing well, with expectations of achieving over $200 million in synergies, up from an initial estimate of $150 million [11][20] - The company is exploring opportunities to optimize well spacing and enhance economic returns from the combined asset base [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic and financial benefits of the Enerplus acquisition, noting that integration efforts are yielding positive results [11][12] - The company anticipates improvements in oil realizations in the second half of the year, despite weaker pricing for natural gas and NGLs in Q2 [24][25] - Management emphasized a commitment to continuous improvement in operations, including emissions and safety, with plans to publish a sustainability report later this year [15] Other Important Information - Chord's liquidity as of June 30 was approximately $1.1 billion, with $575 million drawn on its $1.5 billion credit facility [27] - The company has implemented hedges since the last update, with details available in the latest investor presentation [27] Q&A Session Summary Question: Confidence in 3-mile EURs and 2025 development strategy - Management is currently developing the 2025 full development plan and expects to see positive incremental benefits from longer laterals and wider spacing in Enerplus acreage [29][30][31] Question: Improvements from Enerplus assets - Management noted a 16% improvement in drilling cycle times since the acquisition and expects to achieve further efficiencies through the adoption of Enerplus' completion techniques [36][37] Question: Synergies and downtime improvements - Management confirmed that improvements in downtime have been factored into synergy expectations, with confidence in exceeding the $200 million target [47] Question: Maintenance capital and crew count - Management indicated that the current maintenance capital is around $1.5 billion, with plans to adjust crew counts based on operational needs [58][46] Question: Extended laterals and decline rates - Management stated that longer laterals are expected to moderate the overall corporate decline rate, with a small single-digit percentage impact anticipated [60] Question: Variability in spacing and ongoing optimization - Management acknowledged that while current practices are yielding positive results, they are continuously evaluating and optimizing well spacing across the field [62][64]

August 7, 2024 Positive Rate of Change Continues Important Disclosures Forward-Looking and Cautionary Statements Certain statements in this press release, 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, guidance and statement ...

Chord Energy Corporation (CHRD) came out with quarterly earnings of $4.69 per share, missing the Zacks Consensus Estimate of $5 per share. This compares to earnings of $3.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.20%. A quarter ago, it was expected that this company would post earnings of $4.75 per share when it actually produced earnings of $5.10, delivering a surprise of 7.37%. Over the last four quarters, the c ...

Exhibit 99.1 Chord Energy Reports Second Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends and Issues an Updated Outlook Houston, Texas — August 7, 2024 — Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the second quarter 2024. The results for the three and six months ended June 30, 2024 include the results of Enerplus Corporation ("Enerplus") for the period subsequent to May 31, 2024, unle ...

HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the second quarter 2024. The results for the three and six months ended June 30, 2024 include the results of Enerplus Corporation ("Enerplus") for the period subsequent to May 31, 2024, unless otherwise noted. Metric Actual Guidance(1) Oil Volumes (MBopd) 118.1 115.6 – 118.6 NGL Volumes (MBblpd) 40.5 37.9 – 38.9 Natural Gas Volumes (MMcfp ...

HOUSTON, July 25, 2024 /PRNewswire/ -- Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its second quarter 2024 financial and operating results on Wednesday, August 7, 2024 after market close. The Company will host a live webcast and conference call on Thursday, August 8, 2024 at 9:00 a.m. Central. Investors, analysts and other interested parties are invited to listen to the webcast: Date: Thursday, August 8, 2024 Time: 9:00 a.m. Central Live Webcast: https://app.webinar.net/oG ...