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.
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.