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Chord Energy: Harmonious In The Bakken
Seeking Alpha· 2025-05-15 17:01
Chord Energy (NASDAQ: CHRD ), which resulted from the merger of Bakken producers Whiting Petroleum and Oasis Petroleum, subsequently bought Bakken assets from Exxon Mobil ( XOM ). Last year it acquired Enerplus for $3.8 billion, which also had significant US BakkenLaura Starks is the founder and CEO of Starks Energy Economics, LLC (since 2007). She has a degree in chemical engineering and an MBA with a concentration in finance which she has used for many years to invest personally and to share her ideas abo ...
Chord Energy (CHRD) - 2025 Q1 - Quarterly Report
2025-05-09 05:10
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 (CHRD) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-08 01:18
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) - 2025 Q1 - Earnings Call Transcript
2025-05-08 00:02
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 ...
Chord Energy (CHRD) - 2025 Q1 - Earnings Call Transcript
2025-05-08 00:00
Chord Energy (CHRD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 morning, ladies and gentlemen, and welcome to the Chord Energy First Quarter twenty twenty five Earnings Call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Wednesday, 05/07/2025. I would now like to turn the conference over to Bob Bakanauskas. Please go ahead. Speaker1 Appreciate it, Vincent. Thank you. Good morning, every ...
Chord Energy Corporation (CHRD) Surpasses Q1 Earnings Estimates
ZACKS· 2025-05-07 07:25
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 ...
Chord Energy (CHRD) - 2025 Q1 - Earnings Call Presentation
2025-05-07 06:45
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 ...
Chord Energy (CHRD) - 2025 Q1 - Quarterly Results
2025-05-07 05:03
财务数据关键指标变化 - 第一季度调整后EBITDA为6.955亿美元,调整后自由现金流为2.905亿美元[6] - 预计2025年调整后EBITDA约22亿美元,调整后自由现金流约6.5亿美元[15] - 2025年第一季度公司总营收为12.15047亿美元,较2024年同期的10.8526亿美元有所增长;总运营费用为8.82567亿美元,较2024年同期的8.13623亿美元有所增加;运营收入为3.37996亿美元,较2024年同期的2.72939亿美元有所增长[34] - 2025年第一季度公司净收入为2.19837亿美元,较2024年同期的1.99353亿美元有所增长;基本每股收益为3.67美元,较2024年同期的4.79美元有所下降;摊薄每股收益为3.66美元,较2024年同期的4.65美元有所下降[34] - 2025年第一季度加权平均基本流通股数为5950.2万股,摊薄流通股数为5966.5万股;2024年同期加权平均基本流通股数为4146.8万股,摊薄流通股数为4274.7万股[34] - 2025年第一季度石油、NGL和天然气收入为11.03425亿美元,较2024年同期的7.48162亿美元有所增长;购买石油和天然气销售收入为1.11622亿美元,较2024年同期的3.37098亿美元有所下降[34] - 2025年第一季度租赁运营费用为2.33074亿美元,较2024年同期的1.59206亿美元有所增长;折旧、损耗和摊销费用为3.49809亿美元,较2024年同期的1.68894亿美元有所增长[34] - 2025年第一季度净衍生工具损失为2028.1万美元,较2024年同期的2757.7万美元有所减少;对非合并附属公司的净投资收益(损失)为 - 490万美元,而2024年同期为1629.6万美元[34] - 2025年第一季度净收入为219,837美元,2024年同期为199,353美元,同比增长10.27%[36] - 2025年第一季度经营活动提供的净现金为656,893美元,2024年同期为406,698美元,同比增长61.52%[36] - 2025年第一季度投资活动使用的净现金为292,270美元,2024年同期为204,887美元,同比增长42.65%[36] - 2025年第一季度融资活动使用的净现金为365,819美元,2024年同期为223,455美元,同比增长63.66%[36] - 2025年第一季度Cash GPT为73,863,000美元,2024年同期为50,561,000美元,同比增长46.09%[40] - 2025年第一季度Cash G&A为28,349,000美元,2024年同期为14,494,000美元,同比增长95.60%[44] - 2025年第一季度Cash Interest为15,627,000美元,2024年同期为7,410,000美元,同比增长110.90%[47] - 2025年第一季度Adjusted EBITDA为695,511,000美元,2024年同期为464,779,000美元,同比增长49.64%[52] - 2025年第一季度Adjusted Free Cash Flow为290,496,000美元,2024年同期为199,621,000美元,同比增长45.52%[52] - 2025年3月31日止三个月净收入为219,837千美元,2024年同期为199,353千美元[57] - 2025年3月31日止三个月调整后净收入为242,242千美元,2024年同期为218,976千美元[57] - 2025年3月31日止三个月调整后归属于普通股股东的净收入为240,891千美元,2024年同期为218,120千美元[57] - 2025年3月31日止三个月摊薄每股收益为3.68美元,2024年同期为4.66美元[57] - 2025年3月31日止三个月调整后摊薄每股收益为4.04美元,2024年同期为5.10美元[57] - 2025年3月31日止三个月摊薄加权平均流通股数量为59,665千股,2024年同期为42,747千股[57] - 2025年调整项目适用税率为23.5%,2024年为22.4%[57] - 2025年3月31日止三个月衍生工具净损失为20,281千美元,2024年同期为27,577千美元[57] - 2025年3月31日止三个月商品价格衍生合约实现损失为251千美元,2024年同期为1,361千美元[57] - 2025年3月31日止三个月未合并附属公司投资净(收益)损失为4,900千美元,2024年同期为 - 16,296千美元[57] 各条业务线数据关键指标变化 - 2025年第一季度公司石油产量达153.7 MBopd(270.9 MBoepd),超指引上限[6] - 2025年石油产量预计平均152.5 MBopd,与2月指引持平[15] - 2025年预计运营130 - 150口TIL井(约80%工作权益),二季度计划40 - 50口(约73%工作权益)[15] 资本支出相关 - 2025年资本支出减少3000万美元至约13.7亿美元[15] - 2025年第一季度公司资本支出总额为3.744亿美元,其中勘探与生产(E&P)支出3.548亿美元,其他支出0.6亿美元,资本化利息110万美元,收购支出1790万美元[18] 股息与回购相关 - 宣布每股1.30美元的基础股息,将于2025年6月9日支付[9] - 第一季度以每股108.54美元的均价回购2.165亿美元普通股[6] 债务与流动性相关 - 发行7.5亿美元2033年到期、利率6.75%的高级票据,流动性超19亿美元,杠杆率0.3倍[6] - 2025年3月13日,公司发行7.5亿美元6.75%的2033年到期高级无抵押票据,赎回此前发行的6.375%的2026年到期高级无抵押票据并偿还部分高级有抵押循环信贷安排借款;2025年第一季度收到2500万美元与此前资产剥离相关的或有对价付款[20] - 截至2025年3月31日,循环信贷安排额度为20亿美元,循环信贷借款6000万美元,高级票据7.5亿美元,总债务8.1亿美元,现金及现金等价物3580万美元,信用证3080万美元,流动性19.45亿美元[21] 资产与权益相关 - 截至2025年3月31日,公司总资产为130.58608亿美元,较2024年12月31日的130.32007亿美元略有增加;总负债为44.39944亿美元,较2024年12月31日的43.29745亿美元有所增加;股东权益为86.18664亿美元,较2024年12月31日的87.02262亿美元略有减少[32] 成本效率相关 - 2025年LOE降至9.60美元/桶油当量,反映效率提升(全年影响约3000万美元)[15] 非GAAP财务指标定义相关 - 公司定义了Cash GPT、Cash G&A、Cash Interest、Adjusted EBITDA、Adjusted Free Cash Flow、Adjusted Net Income和Adjusted Diluted Earnings Per Share等非GAAP财务指标[39,43,46,49,54,55]
Chord Energy Reports First Quarter 2025 Financial and Operating Results, Declares Base Dividend and Issues Updated Outlook
Prnewswire· 2025-05-07 04:30
HOUSTON, May 6, 2025 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the first quarter 2025.Key Takeaways and Updates: Strong Performance: Solid execution and asset performance, combined with disciplined cost control delivered Cash Flow from Operations and Adjusted Free Cash Flow(1) above expectations; Shareholder Returns: Returned 100% of Adjusted Free Cash Flow(1) to shareholders through share repurchase ...
Chord Energy Schedules First Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-04-24 04:05
HOUSTON, April 23, 2025 /PRNewswire/ -- Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its first quarter 2025 financial and operating results on Tuesday, May 6, 2025 after market close. The Company will host a live webcast and conference call on Wednesday, May 7, 2025 at 10:00 a.m. Central.Investors, analysts and other interested parties are invited to listen to the webcast: Date: Wednesday, May 7, 2025 Time: 10:00 a.m. Central Live Webcast: https://app.webinar.ne ...