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
Natural Gas Realization (% of Henry Hub)
“34% – 36%”
Period
FY2024
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 – $80/Bbl in 4Q24. Select Operational and Financial Data: The following table presents select operational and financial data for the periods presented: 3Q24 2Q24 3Q23 Production data: Crude oil (MBopd) 158.8 118.1 101.4 NGLs (MBblpd) 51.7 40.5 36.0 Natural gas (MMcfpd) 421.8 291.5 231.7 Total production (MBoepd) 280.8 207.2 176.0 Percent crude oil 56.6 % 57.0 % 57.6 % Average sales prices: Crude oil, without realized derivatives ($/Bbl) $ 73.51 $ 78.89 $ 83.22 Differ
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.