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Mar 31, 2025
Chord Energy Q1 2025 Earnings Report
Chord Energy reported strong operational and financial performance in Q1 2025, exceeding production guidance and delivering robust free cash flow.
Key Takeaways
Chord Energy delivered a strong Q1 2025, with net income of $219.8 million and adjusted free cash flow of $290.5 million, surpassing production and cost guidance while maintaining high shareholder returns.
Net income reached $219.8 million, with adjusted EPS of $4.04.
Total production volume hit 270,900 Boepd, exceeding guidance.
Adjusted free cash flow came in at $290.5 million.
Returned 100% of adjusted free cash flow to shareholders via $216.5 million in stock buybacks and a $1.30 dividend.
Revenue by Segment
Forward Guidance
Chord maintained its FY25 production guidance while lowering capital expenditures by $30 million in response to macroeconomic uncertainty.
Positive Outlook
- FY25 oil volume guidance unchanged at ~152.5 MBopd.
- Capital reduced by $30MM to ~$1.37B due to efficiencies.
- Adjusted EBITDA expected to be ~$2.2B.
- Adjusted free cash flow forecast at ~$650MM.
- LOE lowered by $0.30/Boe reflecting improved efficiency.
Challenges Ahead
- Macroeconomic outlook deteriorated since last update.
- Interest expense increased due to bond issuance.
- Potential delay in reactivating second completions crew.
- Natural gas realizations lowered versus prior assumptions.
- Commodity pricing assumptions remain conservative.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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