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 +2.11% change in stock price 10 days leading up to the earnings, and a +3.32% change 10 days following the report. On the earnings day itself, the stock moves by -0.21%. 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
29.12%
15.05%
Gross Margin
28.45%
-25.99%
-14.64%
Operating Margin
19.43%
-37.96%
-10.46%
Net Margin
15.53%
-16.55%
-8.22%
EPS
3.59
-24.74%
-15.53%
No Data Available
CHRD Earnings Analysis
Chord Energy Corporation Common Stock Corporation (CHRD.O) Earnings Conference Call
Positive
Free Cash Flow Performance: 1. Strong Free Cash Flow: Chord generated adjusted free cash flow of approximately $312 million in Q3 2024, exceeding expectations and supporting robust shareholder returns.
Oil Production Increase: 2. Increased Oil Production Guidance: The company raised its full-year pro forma oil guidance for the second time this year, reflecting outperformance in Q3, with an increase of about 600 barrels per day.
Capital Expenditure Efficiency: 3. Effective Capital Management: Capital expenditures for Q3 2024 were $329 million, below the low end of guidance, demonstrating improved operational efficiencies and cost management.
Shareholder Return Strategy: 4. Significant Share Repurchases: Chord returned 75% of its free cash flow to shareholders, including $146 million in share repurchases, representing over 1.5% of shares outstanding.
Cost Reduction Strategies: 5. Operational Efficiency Improvements: The company reported a decrease in operating expenses, with lease operating expenses (LOE) at $9.56 per BOE, reflecting better downtime and lower workover costs.
Negative
Oil Realization Impact: 1. Lower Oil Realizations: In Q3 2024, oil realizations averaged $1.50 below WTI, negatively impacting revenue despite strong production volumes.
Natural Gas Pricing Challenges: 2. Weak Natural Gas Realizations: Natural gas realizations were below the low end of guidance at 20% of Henry Hub, primarily due to depressed pricing at AECO, affecting overall revenue.
Rising Operational Expenses: 3. Increased Operating Costs: Cash G&A expenses reached $27.9 million, excluding merger-related costs, indicating higher operational costs that could pressure margins going forward.
Debt Impact on Flexibility: 4. High Debt Levels: As of September 30, Chord had $470 million drawn on its $3 billion credit facility, reflecting significant leverage that could impact financial flexibility.
Wildfire Production Impact: 5. Production Impact from Wildfires: The wildfires in early October are expected to reduce fourth quarter oil volumes by approximately 900 barrels per day, negatively affecting overall production guidance.
CHRD FAQs
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CHRD Earning Call Sentiment
Chord Energy Corporation (CHRD) Q3 2024 Earnings Call Transcript
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00:00
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CHRD.O
-4.47%Positive
The earnings call reflects a mix of positive and negative factors. Strong free cash flow and shareholder returns are positive, but operational risks, wildfire impacts, and regulatory uncertainties pose concerns. The Q&A suggests management's confidence in efficiencies but lacks clarity on some operational metrics. The neutral rating reflects the balanced nature of these elements.
