HighGravityDataChord Energy — Nov 6, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-24-000059
Showing in the filing
Oil Discount to WTI ($/Bbl)
“$(2.00) – $0.00”
Period
Q2 FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 49
Capital expenditures for FY2025
“$1.4B”
E&P & Other CapEx (three-year outlook) for FY2025
“$1.4B”
Base-plus-variable cash dividend
“$1.44 per share of common stock”
Share Repurchase Program Authorization
“$750MM”
Base dividend
“$1.25 per share of common stock”
Variable dividend
“$0.19 per share of common stock”
Dividend payment date
“December 12, 2024”
Oil Volumes impact from recent A&D activity for Q2 FY2025
“approximately 0.4 MBopd”
Oil Volumes for FY2025
“152 MBopd – 153 MBopd”
Oil Volumes (three-year outlook, flat pro fo… for FY2025
“152 MBopd – 153 MBopd”
Synergies from Enerplus combination
“over $200MM”
Adjusted EBITDA for FY2024
“approximately $2.7B”
Adjusted Free Cash Flow for FY2024
“$1.1B”
Reinvestment rate for FY2024
“less than 60%”
Oil Volumes (FY24 pro forma midpoint) for FY2024
“152.7 MBopd”
E&P & Other CapEx for FY2024
“$1.48B”
Pro forma capital for FY2024
“$1.48B”
Oil Volumes (MBopd) for Q2 FY2025
“149.5 – 154.5”
Oil Volumes (MBopd) for FY2024
“152.0 – 153.3”
NGL Volumes (MBblpd) for Q2 FY2025
“46.1 – 47.6”
NGL Volumes (MBblpd) for FY2024
“47.7 – 48.1”
Natural Gas Volumes (MMcfpd) for Q2 FY2025
“395.5 – 408.5”
Natural Gas Volumes (MMcfpd) for FY2024
“407.6 – 410.9”
Total Volumes (MBoepd) for Q2 FY2025
“261.5 – 270.1”
Total Volumes (MBoepd) for FY2024
“267.6 – 269.8”
E&P & Other CapEx ($MM) for Q2 FY2025
“$315 – $355”
E&P & Other CapEx ($MM) for FY2024
“$1,460 – $1,500”
Oil Discount to WTI ($/Bbl) for Q2 FY2025
“$(2.00) – $0.00”
Oil Discount to WTI ($/Bbl) for FY2024
“$(1.75) – $(1.25)”
NGL Realization (% of WTI) for Q2 FY2025
“5% – 15%”
NGL Realization (% of WTI) for FY2024
“9% – 11%”
Natural Gas Realization (% of Henry Hub) for Q2 FY2025
“25% – 35%”
Natural Gas Realization (% of Henry Hub) for FY2024
“34% – 36%”
LOE ($/Boe) for Q2 FY2025
“$9.25 – $10.25”
LOE ($/Boe) for FY2024
“$9.38 – $9.63”
Cash GPT ($/Boe) (2) for Q2 FY2025
“$2.60 – $3.20”
Cash GPT ($/Boe) for FY2024
“$3.11 – $3.25”
Cash GPT ($/Boe) (2) for FY2024
“$3.11 – $3.25”
Cash G&A ($MM) (2) for Q2 FY2025
“$29.0 – $31.0”
Cash G&A ($MM) for FY2024
“$116.2 – $118.2”
Cash G&A ($MM) (2) for FY2024
“$116.2 – $118.2”
Production Taxes (% of Oil, NGL and Natural … for Q2 FY2025
“8.7% – 9.1%”
Production Taxes (% of Oil, NGL and Natural … for FY2024
“8.8% – 8.9%”
Cash Interest ($MM) (2) for Q2 FY2025
“$18.0 – $20.0”
Cash Interest ($MM) for FY2024
“$62.7 – $64.7”
Cash Interest ($MM) (2) for FY2024
“$62.7 – $64.7”
Cash Tax (% of Adjusted EBITDA) (3) for Q2 FY2025
“0% – 5%”
Cash Tax (% of Adjusted EBITDA) for FY2024
“2% – 4%”
Cash Tax (% of Adjusted EBITDA) (3) for FY2024
“2% – 4%”
Exhibit 99.1 · the passage around this item
… earlier in the release
3 The following table presents select operational and financial guidance for 4Q24 and FY24: Metric 4Q24 Guidance FY24 Guidance (1) Oil Volumes (MBopd) 149.5 – 154.5 152.0 – 153.3 NGL Volumes (MBblpd) 46.1 – 47.6 47.7 – 48.1 Natural Gas Volumes (MMcfpd) 395.5 – 408.5 407.6 – 410.9 Total Volumes (MBoepd) 261.5 – 270.1 267.6 – 269.8 E&P & Other CapEx ($MM) $315 – $355 $1,460 – $1,500 Oil Discount to WTI ($/Bbl) $(2.00) – $0.00 $(1.75) – $(1.25) NGL Realization (% of WTI) 5% – 15% 9% – 11% Natural Gas Realization (% of Henry Hub) 25% – 35% 34% – 36% LOE ($/Boe) $9.25 – $10.25 $9.38 – $9.63 Cash GPT ($/Boe) (2) $2.60 – $3.20 $3.11 – $3.25 Cash G&A ($MM) (2) $29.0 – $31.0 $116.2 – $118.2 Production Taxes (% of Oil, NGL and Natural Gas Sales) 8.7% – 9.1% 8.8% – 8.9% Cash Interest ($MM) (2) $18.0 – $20.0 $62.7 – $64.7 Cash Tax (% of Adjusted EBITDA) (3) 0% – 5% 2% – 4% ___________________ (1) Includes the results of Enerplus for the full-year. (2) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measure under GA AP. (3) 4Q24 cash tax guidance reflects WTI prices between $60/Bbl – $80/Bbl. FY24 cash tax guidance range reflects actual prices for 1Q24 – 3Q24 and $60/Bbl – $80/Bbl in 4Q24. Select Operational and Financial Data: The following table presents select operational and financial data for the periods presented: 3Q24 2Q24 3Q23 Production data: Crude oil (MBopd) 158.8 118.1 101.4 NGLs (MBblpd) 51.7 40.5 36.0 Natural gas (MMcfpd) 421.8 291.5 231.7 Total production (MBoepd) 280.8 207.2 176.0 Percent crude oil 56.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.