Chord Energy Reports Third Quarter 2025 Financial and Operating Results, Declares Base Dividend and Issues Updated Outlook

Core Insights - Chord Energy Corporation reported solid operational and financial results for Q3 2025, with oil volumes exceeding guidance and a raised FY25 oil volume forecast [4][10][12] Operational Highlights - Q3 2025 oil volumes reached 155.7 MBopd, above the guidance range of 153.5 to 157.5 MBopd [5] - NGL volumes were 55.1 MBblpd, exceeding the guidance of 50.5 to 54.5 MBblpd [5] - Natural gas volumes were 420.1 MMcfpd, slightly below the guidance of 430.0 to 442.0 MMcfpd [5] - Total production was 280.9 MBoepd, above the guidance of 275.7 to 285.7 MBoepd [5] - The company successfully executed three additional 4-mile laterals, enhancing operational efficiency and production performance [15] Financial Performance - Net cash from operations for Q3 2025 was $559.0 million, with net income of $130.1 million, translating to $2.26 per diluted share [10][17] - Adjusted EBITDA for Q3 2025 was $577.8 million, with adjusted free cash flow of $218.6 million [10][17] - The company declared a base dividend of $1.30 per share, payable on December 5, 2025, and repurchased 788,444 shares for a total of $83.0 million [7][10] Capital Expenditures and Guidance - Total capital expenditures for Q3 2025 were $333.7 million, below the guidance range of $315 to $345 million [5][10] - The company raised its FY25 oil volume guidance to 153.8 to 154.8 MBopd, reflecting strong operational performance [12][13] - Chord expects to generate approximately $2.4 billion in adjusted EBITDA and $840 million in adjusted free cash flow at the midpoint of guidance for Q4 2025 [12] Marketing and Cost Optimization - Chord executed marketing agreements expected to deliver $30 million to $50 million in annualized free cash flow savings [8][9] - The company is focused on optimizing its marketing and midstream cost structure to enhance free cash flow generation [9] Acquisition Update - The acquisition of Williston Basin assets from XTO Energy was completed on October 31, 2025, for a total cash consideration of $542.2 million [10][12]