CHRD
Chord Energy Corporation91.79
-3.44-3.61%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms efficiencies with ops details
Q&A largely reaffirms the prepared remarks' efficiency drive and 2026 low-growth plan, but adds color on $30-50M annual marketing savings from matured midstream contracts and 19 surfactant treatments tested for production uplift. Management details basin-wide organic inventory adds as falling costs unlock marginal areas, plus a western acreage shift lifting 2026 oil cut via lower GORs. They signal plan resilience unless oil dives far below $64, with no weather disruptions. Breakevens keep tumbling. Watch ongoing levers like water disposal capex for free cash flow durability.
Key Stats
Market Cap
5.26BP/E (TTM)
31.01Basic EPS (TTM)
2.96Dividend Yield
0.05%Recent Filings
10-K
FY2025 results
Chord Energy delivered FY2025 production of 276,620 Boepd (56% oil), up 19% y/y from 232,737 Boepd, fueled by the Enerplus acquisition and 122 gross operated wells TIL'd. Realized crude prices fell to $62.78/Bbl from $73.67/Bbl amid WTI declines and wider differentials, yet Q4 showed sequential resilience with steady output and $952M liquidity bolstered by $2B credit capacity. Capital spending hit $1.36B (E&P $1.34B), funding 307 gross development wells while returning $5.20/share base dividends and $365M in buybacks ($952M program remaining). Proved reserves grew 4% to 917.5 MMBoe (69% developed), but Q4 momentum slowed on softening prices. Strong balance sheet supports 2026 capex of $1.35-1.45B for 135-165 wells. Geopolitical tensions risk volatile oil prices.
8-K
Chord beats Q4 guidance
Chord Energy reported Q4 2025 results on February 25, 2026, with oil volumes hitting 153.0 MBopd at guidance high-end and CapEx of $305.2MM below low-end. FY25 CapEx fell over $100MM below pro forma FY24 while oil volumes rose 1%; completed XTO Williston Basin acquisition, boosting proved reserves to 917.5 MMBoe. 2026 outlook holds steady at 157-161 MBopd oil on $1.4B CapEx. Shareholder returns ramped up.
10-Q
Q3 FY2025 results
Chord Energy posted Q3 net income of $130.1M, down y/y from $225.3M on lower oil revenues ($966.8M total, -13.8% y/y) amid softer prices, yet operating income held at $170.8M (-37.5% y/y) with steady lease operating expenses. Q/q, revenues rose 11.1% to $1.31B while DD&A edged up 0.4%; diluted EPS of $2.26 reconciles to 57.2M shares. Cash swelled to $629.2M on $1.64B YTD operating cash flow, no revolver draws, $1.48B debt (6.0-6.75% senior notes), and $2.0B commitment. Closed $542M Williston Basin assets Oct 31. Commodity prices remain volatile.
8-K
Strong Q3 results, XTO deal closed
Chord Energy reported Q3 2025 results with oil production at 155.7 MBopd, topping guidance midpoint, while E&P CapEx hit $333.7MM, under budget. The company completed its $542.2MM XTO Acquisition on October 31, boosting Williston Basin inventory and adding 4.0 MBopd in Q4. It raised FY25 oil guidance to 153.3 MBopd excluding XTO, returned 69% of $218.6MM Adjusted FCF via $1.30/share dividend and $83MM buybacks. Marketing deals promise $30MM-$50MM annual FCF savings. Chord's 4-mile laterals advanced efficiently. Acquisitions extend runway amid volatility.
8-K
Closes $750M notes for XTO buy
Chord Energy closed its $750 million 6.000% senior unsecured notes offering due 2030 on September 30, 2025, guaranteed by subsidiaries. Proceeds target the XTO Williston Basin acquisition, offering fees, and credit facility repayment. Notes face special mandatory redemption at 100-101% if the deal misses the June 30, 2026 deadline. Risks hinge on acquisition timing.
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