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 produces crude oil, NGLs and natural gas as an independent exploration and production company focused primarily on the Williston Basin, with limited non-operated interests in the Marcellus Shale. Company news commonly covers financial and operating results, production volumes, commodity realizations, capital spending, lease operating expense, drilling and completions activity, and operating guidance.
Recurring updates also address shareholder returns through base dividends and share repurchases, efficiency initiatives, longer-lateral development programs, and completed asset additions in core operating areas. Conference-call notices and investor-event schedules accompany the company’s quarterly reporting cycle.
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 $306.7 million. Crestwood will not receive any proceeds from this offering. The public offering is set to close on September 15, 2022. Additionally, Crestwood plans to repurchase up to $125 million of common units from one of the selling unitholders, contingent upon the public offering's closure.
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.