CHRD Earnings Prediction
The chart below shows how CHRD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHRD sees a +1.81% change in stock price 10 days leading up to the earnings, and a +3.26% change 10 days following the report. On the earnings day itself, the stock moves by -0.74%. This data can give you a slight idea of what to expect for the next quarter's release.
CHRD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.45B
50.79%
0.29%
Gross Margin
26.32%
-40.25%
-7.49%
Operating Margin
18.01%
-50.34%
-7.31%
Net Margin
14.48%
-53.69%
-6.76%
EPS
3.71
-46.92%
3.34%
No Data Available
CHRD Earnings Analysis
Chord Energy Corp Corporation (CHRD.O) Earnings Conference Call
Positive
Williston Basin Leadership: Chord Energy solidified its leading position in the Williston Basin through a successful combination with Enerplus, enhancing operational and corporate synergies.
Strong Free Cash Flow: The company reported a strong free cash flow of approximately $282 million in Q4 2024, exceeding expectations and supporting robust shareholder returns.
Shareholder Return Commitment: In 2024, Chord returned $944 million to shareholders, demonstrating a commitment to capital discipline and shareholder value.
Share Repurchase Confidence: The company has repurchased over 5% of its shares outstanding since the Enerplus transaction, indicating confidence in its valuation and future growth.
Oil Production Growth Rate: Oil production per share grew at a 12% compounded annual growth rate over the last three years, showcasing effective operational execution.
Production Guidance Outlook: Chord's 2025 guidance indicates a strong start with expected production levels similar to 2024, despite challenges from weather conditions.
Investment in Growth Opportunities: The company plans to invest between $205 million and $225 million in non-operating opportunities, primarily in the Williston Basin, indicating growth potential.
Operational Efficiency Improvement: Chord's operational efficiency improved, with reduced cycle times on 3-mile wells and increased lateral feet completed per day, enhancing capital productivity.
Innovative Drilling Practices: The company successfully drilled its first 4-mile lateral, indicating a commitment to innovative drilling practices that could improve returns.
Inventory and Pricing Competitiveness: Chord's inventory depth and breakeven pricing are competitive with peers, highlighting the company's strong asset base and economic viability.
Negative
Oil Pricing Challenges: Oil realizations in Q4 averaged about $1.50 below WTI, indicating a potential challenge in pricing competitiveness.
Oil Differential Widening Expectations: Expectations for oil differentials to widen in Q1 2025 due to increased basin production growth, which could negatively impact revenue.
Cost Pressure Outlook: 2025 LOE guidance reflects modest escalation relative to 2024, suggesting potential cost pressures ahead.
Impact of Production Taxes: Production taxes averaged 8.4% of commodity sales in Q4, which could impact net profitability if commodity prices fluctuate.
Cash G&A Outlook: Cash G&A was $31.2 million in Q4, and while expected to trend downward, any unforeseen costs could hinder financial performance.
CapEx Performance Analysis: Adjusted CapEx of $325 million in Q4 was below midpoint guidance, indicating potential operational inefficiencies or delays.
Debt Reliance Indicator: The company had $445 million drawn under its revolver, which could indicate reliance on debt for operational funding.
Financial Flexibility Concerns: Despite returning 100% of free cash flow to investors, the company’s net leverage remained at 0.3x, which may limit future financial flexibility.
CHRD FAQs
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CHRD Earning Call Sentiment
Chord Energy Corporation (CHRD) Q4 2024 Earnings Call Transcript
CHRD.O
2.8%Positive
The earnings call presented strong financial performance with above-expectation free cash flow, increased shareholder returns, and a positive outlook on capital efficiency. The Q&A highlighted a conservative yet optimistic approach to capital expenditure and shareholder returns, indicating confidence in future performance. The increase in base dividends and share repurchases further supports a positive sentiment. Despite some challenges and risks, the overall tone and strategic decisions suggest a positive stock price movement in the short term.
