Chord Energy beats Q3 revenue estimates, raises oil volume guidance

Chord Energy

04/11/2025 21:33

Overview

Chord Energy Q3 revenue beats analyst expectations, driven by strong oil volumes

Adjusted EPS for Q3 exceeds analyst estimates, reflecting operational efficiency

Company completed XTO acquisition, enhancing asset base in Williston Basin

Outlook

Chord Energy raises FY25 oil volume guidance, maintaining CapEx guidance excluding XTO impacts

Company expects FY25 adjusted EBITDA of $2.4 bln and adjusted FCF of $840 mln

Chord plans to bring back a second completions crew in 4Q25

Result Drivers

STRONG EXECUTION - Efficient execution and asset performance led to oil volumes above guidance midpoint, with CapEx below midpoint

MARKETING OPTIMIZATION - Executed agreements expected to save $30MM-$50MM annually in FCF

XTO ACQUISITION - Completed acquisition of Williston Basin assets from XTO, extending inventory runway

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.31 bln
$1.10 bln (11 Analysts)
Q3 Adjusted EPS
Beat
$2.35
$2.28 (14 Analysts)
Q3 EPS
$2.26
Q3 Adjusted EBITDA
$577.80 mln
Q3 Basic EPS
$2.26


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Chord Energy Corp is $132.50, about 31.4% above its November 3 closing price of $90.92

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn8dSCCZa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)