Financial Data and Key Metrics Changes - Chord Energy reported adjusted free cash flow of approximately $312 million for Q3 2024, with strong oil volumes and lower capital expenditures contributing to this upside [10][39] - Operating expenses were below expectations, with lease operating expenses (LOE) at $9.56 per BOE, reflecting better downtime and lower workover costs [42] - Capital expenditures for the quarter were $329 million, below the low end of guidance, indicating operational efficiencies [43] Business Line Data and Key Metrics Changes - Oil volumes for Q3 were at the top end of guidance, driven by strong execution and well performance [9] - The company expects a fourth quarter oil guidance of approximately 152,000 barrels per day, reflecting an increase of about 600 barrels a day on a pro forma basis [44][45] - The divestiture of DJ Basin assets is expected to fund acquisition opportunities and share repurchases, indicating a strategic shift in asset management [12][13] Market Data and Key Metrics Changes - Oil realizations in Q3 averaged about $1.50 below WTI, while natural gas realizations were below the low end of the guidance at 20% of Henry Hub [40] - The company noted that AECO pricing dislocation negatively impacted natural gas realizations, which are expected to improve with recent pricing trends [41][46] Company Strategy and Development Direction - Chord Energy aims to hold oil volumes steady at 152,000 to 153,000 barrels per day from 2025 through 2027, with annual capital expenditures of $1.4 billion [14] - The company is focused on integrating Enerplus assets to drive synergies and enhance capital efficiency, capturing over $200 million in annual synergies [15][35] - Chord is committed to sustainable energy production and has published its 2023 sustainability report, highlighting efforts in emissions reduction and corporate governance [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational performance and the ability to deliver on its three-year plan, emphasizing continuous improvement and efficiency gains [50] - The management acknowledged the impact of recent wildfires in North Dakota but indicated that production curtailments were short-lived [8][7] - The company is optimistic about the Williston Basin's investment attractiveness, countering misconceptions about the Bakken's cost of supply [17][16] Other Important Information - Chord repurchased $146 million of shares during the quarter, representing 93% of capital return, and plans to continue buybacks in the current valuation environment [11] - The company has shifted to longer laterals and wider spacing, which has improved capital efficiency and reduced decline rates [34][30] Q&A Session Summary Question: Are there various commodity price scenarios where you would alter the suggested spend? - Management indicated that the plan is geared around the current commodity price environment and would respond to market signals accordingly [54][55] Question: How do you see well breakeven across different regions? - Management noted similar returns and investment opportunities across different regions, with a focus on wider spacing and longer laterals [58] Question: Can you provide color on updated 3-mile EURs? - Management expressed confidence in the performance of 3-mile laterals, attributing improvements to successful cleaning out to the toe of the wells [60][62] Question: How do you think about the mix of properties across the Bakken? - Management expects a mix of operated and non-operated wells, with a slight decrease in operated well count due to increased lateral lengths [76] Question: What percent of the program will simul-frac migrate towards? - Management indicated that simul-frac will be a significant part of the next year's plan, enhancing efficiency [80] Question: How do you think about spacing on Enerplus acreage? - Management stated that spacing will be similar to current practices but may vary based on subsurface geology [88][87]

These two dividend stocks and an ETF are packed with way more passive income potential than the S&P 500.The S&P 500 yields just 1.3%, as growth companies that don't pay dividends or that sport low yields have grown to make up a larger portion of the index. Investors who use dividends to supplement income in retirement or rely on a passive income stream for financial planning may turn to other pockets of the market for a higher yield.The energy sector has a nice balance of yield and value, as many oil and ga ...

Chord Energy Corporation (CHRD) came out with quarterly earnings of $3.40 per share, missing the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $5.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.59%. A quarter ago, it was expected that this company would post earnings of $5 per share when it actually produced earnings of $4.69, delivering a surprise of -6.20%.Over the last four quarters, the co ...

Exhibit 99.1 Chord Energy Reports Strong Third Quarter 2024 Financial and Operating Results, $146MM of Share Repurchases and Issues 2025 – 2027 Outlook Houston, Texas — November 6, 2024 — Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the third quarter 2024. The results for the three and nine months ended September 30, 2024 include the results of Enerplus Corporation ("Enerplus") for the period subsequent to May 31, 2024, ...

HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the third quarter 2024. The results for the three and nine months ended September 30, 2024 include the results of Enerplus Corporation ("Enerplus") for the period subsequent to May 31, 2024, unless otherwise noted.Key Takeaways and Updates:  Cash Flow from Operations and Adjusted Free Cash Flow exceeded expectations in 3Q24, supported by ...

HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord" or the "Company") today announced the release of its 2023 Sustainability Report, which highlights Chord's commitment to sustainable operations and transparent reporting of environmental stewardship, social responsibility and corporate governance. The report is available on the Company's website at www.chordenergy.com/sustainability. "We are pleased to share Chord's 2023 Sustainability Report with our stakeholders," said ...

September had a bumpy start for investors as volatility jolted markets in the first week, but dividend-paying stocks can help smooth the ride. Investors with a long-term investment horizon can ignore short-term noise to focus on stocks that have the potential to enhance their total portfolio returns through a mix of dividends and share price appreciation. To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent d ...

The market is being too pessimistic over oil companies with assets in the Bakken oil field. There's a major fault line running through the U.S. oil and gas sector, and I'm not talking about geology here. Simply put, Devon Energy (DVN -1.76%), Vitesse Energy (VTS -1.18%), and Chord Energy (CHRD -2.20%) are trading on lowly valuations and colossal dividend yields because investors are pricing in Bakken oil field assets at a discount to other assets such as in the Permian Basin. However, all three stocks now t ...

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-34776 | --- | --- | |------------------------------------------------------------------------------------------------------ ...