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 Corp. (Nasdaq: CHRD) will announce its First Quarter 2023 financial and operational results on May 3, 2023, after market close. A live webcast is scheduled for May 4, 2023, at 10:00 a.m. Central Time, for discussion of these results. The company invites investors and analysts to participate and to listen to a replay of the conference call available after 1:00 p.m. Central Time on the same day until May 11, 2023. Upcoming participation in several energy conferences is also announced, including the Citi Energy and Climate Technology Conference on May 9, 2023, and Goldman Sachs Eighth Annual Leveraged Finance and Credit Conference on May 23, 2023. Chord Energy focuses on developing oil-rich resources in the Williston Basin and emphasizes capital discipline and free cash flow generation.
Chord Energy Corporation (NASDAQ: CHRD) reported its 4Q22 and FY22 results, showing significant cash generation and a strong balance sheet. Despite severe winter weather impacting production, the company produced 171.3 MBoepd in 4Q22 with net cash from operations at $478.4MM and net income of $377.6MM. Chord declared a cash dividend of $4.80 per share, payable on March 21, 2023. The company plans to invest $825MM - $865MM in 2023, focusing on capital efficiency and sustained production levels. Estimated net proved reserves stood at 655.6 MMBoe, with a PV-10 value of $14.5 billion.
Crestwood Equity Partners reported a full-year 2022 net income of $72.5 million and Adjusted EBITDA of $762.1 million, a 27% increase year-over-year. This growth was driven by expanded operations in the Williston and Delaware Basins, despite challenges from extreme weather and delays in producer development. The divestiture of Tres Palacios for $335 million will bolster debt reduction efforts. For 2023, the company anticipates Adjusted EBITDA between $780 million and $860 million, with capital investments of $135 million to $155 million. The focus remains on operational execution, enhancing balance sheet strength, and continuing integration of acquired assets.
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