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 (NASDAQ: CHRD) is an independent exploration and production company with quality, sustainable, long-lived assets primarily in the Williston Basin. This news page aggregates company-issued updates, earnings announcements and other disclosures so readers can follow how Chord Energy develops its unconventional, onshore, oil-rich resources in the continental United States.
Visitors can review quarterly financial and operating results, where Chord Energy reports oil, NGL and natural gas production volumes, capital expenditures, lease operating expenses and non-GAAP metrics such as Adjusted EBITDA and Adjusted Free Cash Flow. The company also uses news releases to outline its forward guidance on production, spending and costs under specified commodity price assumptions, together with commentary on operational performance and cost control.
In addition to earnings, Chord Energy’s news includes information on strategic transactions and financing activities. Recent releases describe a definitive agreement to acquire Williston Basin assets from XTO Energy Inc. and affiliates, including core acreage and an inventory of long-lateral development locations, as well as private offerings of senior unsecured notes used in part to fund that acquisition and manage the company’s capital structure. Updates on share repurchase activity, base dividends and the company’s return of capital framework also appear in these announcements.
For investors and analysts tracking CHRD, this page offers a centralized view of Chord Energy’s operational execution, capital allocation decisions and balance sheet actions as disclosed through press releases and related communications. Checking this feed regularly can help users monitor key developments that the company has chosen to highlight to the market.
Chord Energy (NASDAQ: CHRD) has released its 2023 Sustainability Report, highlighting the company's commitment to sustainable operations and transparent reporting. Key achievements include:
- A 9% decrease in operated Scope 1 GHG emissions intensity compared to 2022
- A 44% decrease in operated Scope 1 methane emissions intensity compared to 2022
- Joining the World Bank's Zero Routine Flaring initiative
- A 36% reduction in Total Recordable Incident Rate (TRIR) compared to 2022
- Donations of approximately $1 million to charitable organizations
The report also highlights corporate governance achievements, including 90% of directors having prior E&P experience and 100% of committee chairs being women in 2023. The report's contents were guided by frameworks such as TCFD, SASB, GRI, and AXPC ESG Metrics Framework.
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.
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