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Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Nov 6, 2024 FY24 Q3 | Feb 26, 2025 FY24 Q4 | May 7, 2025 FY25 Q1 | Aug 6, 2025 FY25 Q2 | Oct 8, 2025 FY25 Q3 | Jan 20, 2026 FY25 Q4 | Apr 14, 2026 FY26 Q1 | Aug 5, 2026 FY26 Q2 |
|---|---|---|---|---|---|---|---|---|
| For FY2028 | ||||||||
| First oil timing, Suriname Block 58 | — | — | — | New“mid-2028” | — | — | — | — |
| GranMorgu project first oil | — | New“first oil in 2028” | — | — | — | — | — | — |
| For FY2027 | ||||||||
| Run-rate cost savings target | — | New“$350 million” | — | — | — | — | — | — |
| Sustainable annual cost savings target | — | New“at least $350 million” | — | — | — | — | — | — |
| For FY2026 | ||||||||
| Exit run-rate cost savings | — | — | — | — | — | — | — | New“approximately $500 million” |
| Lease operating expenses | — | — | — | — | — | — | — | New“lowered by $25 million to $1.5 billion” |
| Return of free cash flow to shareholders | — | — | — | — | — | — | — | New“at least 60% of free cash flow” |
| Return to shareholders (capital returns) | — | — | — | — | — | — | — | New“at least 60% of free cash flow” |
| Run-rate savings | — | — | — | New“$350 million” | — | — | — | — |
| Three-year cost reduction run-rate savings target | — | — | — | New“$350 million in run-rate savings in 2026” | — | — | — | — |
| Total company upstream capital investment | — | — | — | — | — | — | — | New“$2.07 billion” |
| U.S. capital | — | — | — | — | — | — | — | New“$1.3 billion” |
| U.S. oil production outlook | — | — | — | — | — | — | — | New“123,000 barrels of oil per day” |
| For FY2025 | ||||||||
| Adjusted BOE production growth | New“mid-single digit adjusted BOE growth” | — | — | — | — | — | — | — |
| Annualized run-rate savings target by end of year | — | — | New“$225 million” | — | — | — | — | — |
| Capital allocated to other exploration, primarily in Alaska | New“$100 million” | — | — | — | — | — | — | — |
| Capital allocated to Suriname development activity | New“$200 million” | — | — | — | — | — | — | — |
| Capital budget | New“$2.5 to $2.6 billion” | — | — | — | — | — | — | — |
| Capital for the development of the GranMorgu project | — | — | — | New“$275 million” | — | — | — | — |
| Combined development capital budget for Permian and Egypt | — | New“$2.2-$2.3 billion” | — | — | — | — | — | — |
| Development capital (reduction) | — | — | New“$150 million” | — | — | — | — | — |
| Dry hole costs (before tax) | — | — | — | — | New“$4-$6 million” | — | — | — |
| Egypt adjusted production volumes | — | New“69,000 BOE per day” | — | — | — | — | — | — |
| Egypt new acreage drilling start | — | — | — | New“by the end of the year” | — | — | — | — |
| Egypt rig count | — | New“12 rigs” | — | — | — | — | — | — |
| Egypt rig program | New“12-rig” | — | — | — | — | — | — | — |
| Egypt tax barrels | — | — | — | — | New“37 - 38 MBoe/d” | — | — | — |
| Estimated weighted-average basic common shares | — | — | — | — | New“357 million” | — | — | — |
| Expected savings | — | — | New“$130MM” | — | — | — | — | — |
| Exploration allocation | — | New“$100 million” | — | — | — | — | — | — |
| Exploration allocation, primarily in Alaska | New“$100 million” | — | — | — | — | — | — | — |
| Exploration capital (included in upstream capital budget) | — | New“$100 million” | — | — | — | — | — | — |
| Exploration capital (reduction) | — | — | New“$25 million” | — | — | — | — | — |
| For income from third party oil and gas marketing activities | — | — | New“$575 million” | — | — | — | — | — |
| Gas production volumes trend | — | — | New“continue on a strong growing trajectory, leading to higher average realized gas prices through the fourth quarter” | — | — | — | — | — |
| GranMorgu (Suriname) full-year capital | — | — | — | New“$275 million” | — | — | — | — |
| GranMorgu development allocation | — | New“$200 million” | — | — | — | — | — | — |
| GranMorgu development capital (included in upstream capital budget) | — | New“$200 million” | — | — | — | — | — | — |
| In-year (realized) cost savings target | — | — | — | New“$200 million” | — | — | — | — |
| International Natural Gas (Mcf) | — | — | — | — | New“$4.20” | — | — | — |
| International NGL (bbl) | — | — | — | — | New“$40.00” | — | — | — |
| International Oil (bbl) | — | — | — | — | New“$68.50” | — | — | — |
| Net gain on oil and gas purchases and sales (before tax) | — | — | — | — | New“$177 million” | — | — | — |
| New Mexico divestiture expected closing | — | — | New“late in the second quarter” | — | — | — | — | — |
| New Mexico divestiture package expected production | — | — | New“12.4 Mboe/d (46% oil)” | — | — | — | — | — |
| New Mexico Permian assets production | — | — | New“12.4 Mboe/d (46% oil)” | — | — | — | — | — |
| Permian Basin rig program | New“eight-rig” | — | — | — | — | — | — | — |
| Permian capital reduction | — | — | — | New“$130 million reduction in original Permian capital guidance” | — | — | — | — |
| Permian rig count | — | — | New“6 rigs” | — | — | — | — | — |
| Permian rig count | — | New“eight rigs” | — | — | — | — | — | — |
| Realized savings target | — | — | — | New“$200 million” | — | — | — | — |
| Returning of FCF to shareholders | — | New“at least 60%” | — | — | — | — | — | — |
| Rig count reduction by end of second quarter | — | — | New“6 rigs” | — | — | — | — | — |
| Suriname development activity allocation | New“$200 million” | — | — | — | — | — | — | — |
| Total company adjusted production | — | New“around 396,000 BOE per day” | — | — | — | — | — | — |
| Total realized savings on controllable spend | — | — | New“$130 million” | — | — | — | — | — |
| U.S. oil production | — | — | New“125,000 to 127,000 barrels per day” | — | — | — | — | — |
| U.S. oil volumes | — | New“125,000 to 127,000 barrels of oil per day” | — | — | — | — | — | — |
| United States Natural Gas (Mcf) | — | — | — | — | New“$0.70” | — | — | — |
| United States NGL (bbl) | — | — | — | — | New“$20.00” | — | — | — |
| United States Oil (bbl) | — | — | — | — | New“$66.00” | — | — | — |
| Upstream capital budget | — | New“$2.5 to $2.6 billion” | — | — | — | — | — | — |
| Upstream oil and gas capital investment | — | New“$2.5 to $2.6 billion” | — | — | — | — | — | — |
| Year-end run-rate savings target | — | — | — | New“$300 million” | — | — | — | — |
| For FY2024 | ||||||||
| Incremental capital for Suriname, Alaska and Egypt | New“$80 million” | — | — | — | — | — | — | — |
| Upstream capital investment | New“approximately $645 million” | — | — | — | — | — | — | — |
| Upstream capital investment | New“approximately $645 million” | — | — | — | — | — | — | — |
| No period stated | ||||||||
| Annualized run-rate savings | — | — | New“$225 million” | — | — | — | — | — |
| First oil from Suriname Block 58 | — | — | — | New“mid-2028” | — | — | — | — |
| Long-term net debt target | — | — | — | New“$3 billion” | — | — | — | — |
| Permian rig count / flat volumes | — | — | — | New“six rigs” | — | — | — | — |
| Permian rig count to hold oil volumes sustainably flat | — | — | New“6.5 rigs” | — | — | — | — | — |
| Return of free cash flow to shareholders through base dividends and share repurchases | — | — | — | New“60%” | — | — | — | — |
| Shareholder return commitment (% of free cash flow) | — | — | — | New“60% of free cash flow” | — | — | — | — |
| Shareholder returns commitment (% of FCF) | — | New“at least 60% of FCF” | — | — | — | — | — | — |
| Year-end run-rate savings target | — | — | — | New“$300 million” | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.