Chord Energy Earnings Call Transcripts
Fiscal Year 2025
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Exceeded 2025 oil volume guidance and reduced capital, driving $160M in free cash flow improvements. 2026 outlook targets stable production, $700M free cash flow, and continued cost efficiency, with 80% of wells as long laterals and robust shareholder returns.
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Solid Q3 results with $230M adjusted free cash flow and 69% returned to shareholders. Oil volume guidance raised, XTO acquisition closed, and capital efficiency improved, with 2026 CapEx expected at ~$1.4B for higher production at lower cost.
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Q2 2025 saw oil volumes and free cash flow exceed expectations, enabling 92% of free cash flow to be returned to shareholders and a 10% share count reduction. Operational efficiencies, strong 4 mi well results, and technology adoption drove improved margins and outlook.
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Q1 2025 saw oil volumes and free cash flow exceed expectations, enabling robust shareholder returns and a 9% share count reduction since the Enerplus deal. Capital guidance was reduced by $30M due to efficiencies, with flexible activity plans and continued focus on long lateral development.
Fiscal Year 2024
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Delivered strong Q4 and full-year 2024 results, exceeding free cash flow expectations and returning $944 million to shareholders. 2025 guidance targets $1.4 billion in capital investment, stable production, and continued capital efficiency improvements, with a focus on share repurchases and operational innovation.
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Q3 2024 saw strong operational and financial performance, with oil volumes and free cash flow above expectations, driving increased shareholder returns. The three-year plan targets flat oil production and $1.4B annual capex, with further upside from longer laterals and operational efficiencies.
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Q2 2024 saw strong oil volumes, lower costs, and $263M adjusted free cash flow, with 75%+ returned to shareholders. Enerplus integration is ahead of plan, synergies raised to $200M+, and full-year oil guidance increased. Williston Basin assets continue to drive efficiency and returns.