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.
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.
Chord Energy Corp. (NASDAQ: CHRD) announced it will report its Fourth Quarter 2022 financial and operational results on February 22, 2023, after market close. A live webcast and conference call is scheduled for February 23, 2023, at 10:00 a.m. Central Time. The event will allow analysts and investors to engage directly with the Company regarding its performance. Participants can access the webcast via the provided link. The Company will also attend several upcoming energy conferences, including the Credit Suisse Annual Vail Summit on February 27, 2023.
Chord Energy Corporation (NASDAQ: CHRD) reported strong financial results for 3Q22, including a production of 172.5 MBoe/d and net income of $941.6MM. The company declared a cash dividend of $3.67 per share and returned 85% of adjusted free cash flow to shareholders. CapEx for the quarter was $230.1MM, lower than expected. Chord successfully monetized 16MM units of Crestwood Equity Partners for $428.2MM and has a robust cash position of $658.9MM against $400.0MM in debt. The outlook for 4Q22 anticipates oil volumes between 97.5 MBbl/d and 100.5 MBbl/d.
Crestwood Equity Partners LP (CEQP) announced its third quarter 2022 results, reflecting a net loss of $43 million, slightly higher than a net loss of $39.6 million in Q3 2021. However, the company reported a significant 50% year-over-year increase in Adjusted EBITDA, reaching $209 million, driven by operational growth in the Williston and Delaware Basins. Their distributable cash flow surged 53% to $131 million, resulting in a coverage ratio of 1.9x. Crestwood's revised full-year Adjusted EBITDA guidance is now $780 million to $800 million, reflecting the impact of recent divestitures and operational adjustments.
Chord Energy Corp. (Nasdaq: CHRD) will announce its Third Quarter 2022 financial and operational results on November 2, 2022, after market close. A live webcast and conference call will be held on November 3, 2022, at 10:00 a.m. Central Time to discuss the results. Interested parties can access the webcast online. Chord Energy is known for its sustainable assets in the Williston Basin, emphasizing capital discipline and free cash flow generation.
Crestwood Equity Partners LP (NYSE: CEQP) has priced an underwritten secondary offering of 11,400,000 common units by subsidiaries of Chord Energy Corporation (NASDAQ: CHRD), generating approximately
Crestwood Equity Partners LP (NYSE: CEQP) announced that subsidiaries of Chord Energy Corporation (NASDAQ: CHRD) intend to sell 11,400,000 common units in an underwritten secondary offering. Crestwood will not receive any proceeds from the offering, which will benefit the Selling Unitholders. Additionally, Crestwood plans to repurchase up to $125 million of common units from one of the Selling Unitholders at the public offering price. This repurchase is contingent upon the closing of the secondary offering and is expected to occur simultaneously.
Chord Energy Corporation (NASDAQ: CHRD) reported strong financial results for Q2 2022, including a net income of $130.8MM ($6.23/share) and adjusted EBITDA of $255.9MM. The company initiated a return of capital plan featuring a 114% increase in base dividend to $1.25 per share and a $300MM share repurchase program. Following the merger of Oasis Petroleum and Whiting Petroleum, Chord expects oil volumes between 94.2 - 97.2 Mbbl/d for Q3 2022. Chord also has a robust balance sheet with $95.7MM cash and no outstanding credit facility borrowings.
Chord Energy Corp. (Nasdaq: CHRD) will announce its Second Quarter 2022 financial results on August 3, 2022, at market close. A live webcast and conference call to discuss these results will take place on August 4, 2022, at 9:00 a.m. Central Time. Investors and analysts can participate via the provided dial-in numbers. Following the call, a recording will be available until August 11, 2022. Additionally, Chord Energy plans to attend several upcoming energy conferences in September, enhancing its visibility in the sector.
Crestwood Equity Partners LP (NYSE: CEQP) has completed significant acquisitions, including Sendero Midstream Partners for $600 million and a 50% interest in Crestwood Permian Basin Holdings, enhancing its Delaware Basin presence. Following the formation of Chord Energy Corporation (NASDAQ: CHRD) from the merger of Oasis Petroleum and Whiting Petroleum, Crestwood appointed two new directors, Samantha F. Holroyd and Paul J. Korus, after the resignation of Oasis-nominated members. These changes aim to strengthen Crestwood's leadership and operational focus while contributing to 20% of total cash flow in 2023.
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