Chord Energy Corporation ( (CHRD) ) has released its Q4 earnings. Here is a breakdown of the information Chord Energy Corporation presented to its investors.
Chord Energy Corporation, an independent exploration and production company, focuses on developing oil-rich resources primarily in the Williston Basin, leveraging a strong balance sheet and capital discipline to generate free cash flow.
Chord Energy Corporation reported robust financial results for the fourth quarter and full-year 2024, exceeding expectations in cash flow from operations and adjusted free cash flow. The company also announced an increase in its base dividend and issued a positive outlook for 2025.
Key highlights from the earnings report include a significant share repurchase program, with $205 million returned to shareholders in the fourth quarter alone, and an increase in oil volumes that surpassed initial guidance. The company reported a net income of $210.6 million for the fourth quarter and adjusted EBITDA of $640.1 million, demonstrating strong operational performance and cost control.
Chord Energy’s 2025 outlook remains consistent with its three-year plan, focusing on maximizing free cash flow through capital efficiency. The company plans to invest $1.4 billion in capital expenditures and expects to generate approximately $2.5 billion in adjusted EBITDA for the year.
Looking ahead, Chord Energy’s management remains optimistic about the company’s positioning, emphasizing its low-cost inventory and capital-efficient development program as key drivers for sustainable free cash flow and shareholder returns.