Chord Energy reports Q3 EPS $2.26, consensus $2.29

Reports Q3 revenue $1.31B, consensus $1.07B. “Chord’s operational momentum continues and the team delivered solid results in the third quarter,” said Danny Brown, Chord Energy’s (CHRD) President and CEO. “Q3 oil volumes and capital were favorable to guidance and Chord raised FY25 oil volume guidance for the second time this year, excluding impacts from the recent acquisition. In addition, the purchase of certain XTO assets closed at the end of October, which extends our inventory runway in core areas while allowing for further capital efficiency through longer lateral development. Chord’s strategy revolves around strong capital allocation and continuous improvement. On that front, we’re pleased to announce continued progress in de-risking the 4-mile program, including the successful execution on three incremental 4-mile wells. Chord continues to drive efficiency through every aspect of the business which puts the Company in a strong position to lengthen inventory and enhance economics amidst persistent commodity volatility.”