Chord sees FY26 oil volumes at 160.2-161.8 MBopd, midpoint unchanged from prior guidance
Company expects FY26 CapEx at $1.36-1.44 bln, midpoint unchanged from previous guidance
Chord raises FY26 LOE midpoint guidance to $10.30/BOE due to higher workover and enhancement costs
Result drivers and key details
HIGH OIL VOLUMES - Q2 oil production reached the high end of guidance, supporting cash flow and profitability
FAVORABLE REALIZATIONS - Oil, natural gas and NGL realizations were favorable versus midpoint guidance
OPERATIONAL INITIATIVES - Company cited execution of four-mile laterals and production optimization as drivers of performance
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
$6.44
$6.56 (15 Analysts)
Q2 EPS
$9.28
Q2 Net Income
$525.20 mln
Q2 Adjusted EBITDA
$923.50 mln
Q2 Adjusted Free Cash Flow
$414.10 mln
Q2 Basic EPS
$9.30
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
CHRD•
