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Chord Energy delivered net loss of $389.9 M on total revenues of $1,180.6 M, with adjusted free cash flow of $140.8 M and returned over 90% of FCF via dividends and buybacks.
Total revenues were $1,180.6 M versus $1,260.7 M in Q2 2024.
GAAP net loss of $389.9 M (β$6.77/diluted share) compared to income of $213.4 M in Q2 2024.
Operating loss of $403.2 M; adjusted EBITDA of $547.2 M.
Adjusted free cash flow of $140.8 M and returned >90% to shareholders.
Chord updated its FY25 guidance, raising oil volumes and reducing capital and costs.