Chord Energy Corporation

CHRD

Equity

ISIN US6742152076 / Valor 58403633

NASDAQ (2024-12-24)

USD 113.18+1.50%

Chord Energy Corporation
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About company

Chord Energy Corporation is a prominent unconventional oil producer in the United States, focusing on the Williston Basin region. The company's operations involve the acquisition, exploitation, development, and exploration of crude oil, natural gas, and natural gas liquids. With a seasoned management team at the helm, Chord Energy is dedicated to creating value for its shareholders, providing opportunities for its employees, and making positive contributions to the communities it operates in. The company emphasizes innovation, collaboration, diversity, and teamwork in its purpose-driven approach, prioritizing the safety and well-being of people and the environment.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Chord Energy Corporation reported a significant increase in revenue for the third quarter of 2024. The company achieved consolidated production of approximately 280.8 MBoepd, with a revenue mix heavily focused on oil, accounting for 57% of the total production. This growth in revenue is attributed to the company's strategic focus on maintaining a high-quality asset base and efficient production operations in the Williston Basin.

Free Cash Flow Generation

In Q3 2024, Chord Energy Corporation demonstrated strong free cash flow (FCF) generation, driven by disciplined capital allocation and a low reinvestment rate. The company returned a significant portion of its FCF to investors, maintaining a base dividend and executing share buybacks. This approach underscores Chord Energy's commitment to delivering value to shareholders while ensuring financial stability.

Capital Efficiency Improvements

Chord Energy Corporation has made notable strides in improving capital efficiency during the third quarter of 2024. The company has focused on longer lateral developments and wider spacing, resulting in a reduction of drilling and completion costs per foot. These efficiencies have been further enhanced by the integration of Enerplus assets, which have contributed to a more streamlined and cost-effective operational framework.

Balance Sheet Strength

As of Q3 2024, Chord Energy Corporation maintained a robust balance sheet with a leverage ratio of 0.3x, reflecting its strong financial position. The company has a borrowing base of $3 billion, with $1.5 billion of elected commitments, providing ample liquidity to support its development programs. This financial strength is bolstered by positive credit ratings from major agencies, ensuring resilience in a volatile market environment.

Positive Outlook

Looking ahead, Chord Energy Corporation has outlined a positive outlook for 2025 to 2027, with plans to hold oil volumes steady while reducing capital expenditures by approximately $100 million annually compared to 2024. The company anticipates achieving over $200 million in synergies from the Enerplus combination, further enhancing its operational efficiency and shareholder returns. This strategic focus positions Chord Energy for continued success in the coming years.

Summarized from source with an LLMView Source

Key figures

-32.9%1Y

-6.86%3Y

%5Y

Performance

25.5%1Y

38.1%3Y

40.0%5Y

Volatility