Chord Energy Q2 adjusted EPS misses estimates
Chord Energy Q2 adjusted EPS misses estimates
Overview
US oil and gas producer's Q2 adjusted EPS missed analyst expectations
Company returned 54% of adjusted free cash flow to shareholders via dividends and buybacks
Q2 oil volumes reached high end of guidance, supporting strong cash flow and profitability
Outlook
Chord sees FY26 oil volumes at 160.2-161.8 MBopd, midpoint unchanged from prior guidance
Company expects FY26 CapEx at $1.36-1.44 bln, midpoint unchanged from previous guidance
Chord raises FY26 LOE midpoint guidance to $10.30/BOE due to higher workover and enhancement costs
Result Drivers
HIGH OIL VOLUMES - Q2 oil production reached the high end of guidance, supporting cash flow and profitability
FAVORABLE REALIZATIONS - Oil, natural gas and NGL realizations were favorable versus midpoint guidance
OPERATIONAL INITIATIVES - Company cited execution of four-mile laterals and production optimization as drivers of performance
Company press release: ID:nPn7FZ4K3a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Miss | $6.44 | $6.56 (15 Analysts) |
Q2 EPS |
| $9.28 |
|
Q2 Net Income |
| $525.20 mln |
|
Q2 Adjusted EBITDA |
| $923.50 mln |
|
Q2 Adjusted Free Cash Flow |
| $414.10 mln |
|
Q2 Basic EPS |
| $9.30 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "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 Corporation is $170.00, about 24.2% above its August 4 closing price of $136.89
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Aug 4 - Devon posts highest quarterly profit since 2022 on stronger oil prices, Coterra deal
Aug 3 - Diamondback rides on higher oil prices to top profit estimates, raise output forecast
Aug 3 - War-fueled oil rally set to lift shale profits to highest since 2022
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)
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