Welcome to our dedicated page for Chord Energy news (Ticker: CHRD), a resource for investors and traders seeking the latest updates and insights on Chord Energy stock.
Chord Energy Corporation (CHRD) provides investors and industry observers with timely updates through this comprehensive news hub. Track official press releases and market analysis related to the company's operations in the Williston Basin, where it focuses on oil and natural gas development through advanced drilling technologies.
Key resources include: Quarterly earnings reports, operational updates, strategic partnership announcements, and infrastructure development milestones. This centralized repository ensures stakeholders can efficiently monitor CHRD's execution of its capital discipline strategy and technological innovations.
Regular updates cover: Production growth metrics (without speculative projections), asset acquisition details, and efficiency initiatives. Content is curated to meet both professional investor needs and general market interest while adhering to financial compliance standards.
Bookmark this page for direct access to CHRD's evolving story in the energy sector. Visit regularly to stay informed on developments impacting the company's position in unconventional resource exploration and operational best practices.
Chord Energy (NASDAQ: CHRD) reported strong Q2 2024 results, with oil volumes of 118.1 MBopd at the high end of guidance. Total production reached 207.2 MBoepd, exceeding guidance. The company generated $460.9 million in net cash from operations and $213.4 million in net income. Adjusted EBITDA was $567.9 million and Adjusted Free Cash Flow was $216.1 million.
Chord completed its combination with Enerplus on May 31, 2024, creating a premier Williston Basin operator. The company expects to achieve over $200 million in annual synergies from the integration. Chord declared a base-plus-variable cash dividend of $2.52 per share and repurchased $61.7 million of shares in Q2.
For full-year 2024, Chord projects Adjusted EBITDA of $2.9 billion and Adjusted Free Cash Flow of $1.2 billion on a pro forma basis. The company updated its FY2024 guidance, increasing midpoint oil production slightly while maintaining capital expenditure targets.
Chord Energy Corp. (Nasdaq: CHRD) has announced its schedule for the release of its second quarter 2024 financial and operating results. The company will unveil the results on Wednesday, August 7, 2024 after market close, followed by a live webcast and conference call on Thursday, August 8, 2024 at 9:00 a.m. Central. Investors and analysts can join the webcast or participate in the conference call via phone. A recording of the call will be available until August 15, 2024. Additionally, Chord Energy plans to participate in several energy conferences and investor events throughout August and September 2024, including the Wolfe Research Investor Event, Piper Sandler Investor Event, Barclays CEO Energy-Power Conference, Pickering Energy Partners TE&M Fest, and Mizuho Energy Investor Event.
Chord Energy and Enerplus announced the completion of their business combination, creating a premier operator in the Williston Basin with enhanced scale and financial strength. The arrangement was approved by shareholders and received court approval. Chord expects over $200MM in annual synergies, an increase from the original $150MM estimate. The combined entity, led by Chord's existing management, aims to maximize shareholder value through capital discipline and sustainable cash flow. Enerplus shareholders received Chord shares and cash, and Enerplus stock will be delisted. Updated 2024 guidance reflects the merger, with projections for oil, NGL, and natural gas volumes, as well as CapEx adjustments. The credit agreement was amended to increase the borrowing base to $3B.
Chord Energy (CHRD) reported strong first quarter 2024 financial and operational results, exceeding guidance in oil volumes and lease operating expenses, with net cash provided by operating activities of $406.7MM and net income of $199.4MM. They also declared a base-plus-variable cash dividend and issued an outlook. The pending combination with Enerplus is on track, expected to close on May 31, 2024. Chord remains focused on operational efficiency, capital discipline, and shareholder returns.
FAQ
What is the current stock price of Chord Energy (CHRD)?
What is the market cap of Chord Energy (CHRD)?
