HighGravityDataChord Energy — Feb 25, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-25-000002
Showing in the filing
Dividend payment date
“March 26, 2025”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 59
4Q24 base dividend for Q2 FY2025
“$1.30 per share”
Base dividend per share for Q2 FY2025
“$1.30 per share”
E&P and other CapEx at midpoint of for FY2025
“$1.4B”
FY25 midpoint CapEx for FY2025
“$1.4B”
CapEx for FY2024
“$1.4B”
E&P and other CapEx
“$1.4B”
Three-year outlook CapEx (annual) for the long term
“$1.4B”
FY25 midpoint oil volumes for FY2025
“152.5 MBopd”
FY24 oil volumes for FY2024
“152.5 MBopd”
Oil volumes at midpoint of (as labeled in fi… for FY2024
“152.5 MBopd”
Base dividend
“$1.30 per share of common stock”
Dividend payment date
“March 26, 2025”
Oil Volumes for FY2025
“152 MBopd – 153 MBopd”
Three-year outlook oil volumes for the long term
“152 MBopd – 153 MBopd”
Adjusted EBITDA for FY2025
“approximately $2.5B”
Adjusted Free Cash Flow for FY2025
“$860MM”
% of E&P and other CapEx invested in drillin… for FY2025
“Approximately 80%”
FY25 non-operated CapEx at midpoint for FY2025
“$215MM”
Non-operated CapEx for FY2025
“$215MM”
1Q25 oil volumes (current expectation) for Q2 FY2025
“149.5 – 152.5 MBopd”
1Q25 volumes for Q2 FY2025
“149.5 – 152.5 MBopd”
Oil volumes trend 2Q25 vs 1Q25 for Q2 FY2025
“slightly up compared to 1Q25”
Oil volumes trend into 3Q25 for Q2 FY2025
“further growth”
NGL and natural gas realizations trend vs FY… for FY2025
“above the FY25 midpoint in 1Q25 and 4Q25 and below the FY25 midpoint in 2Q25 and 3Q25”
Gross operated wells to TIL for FY2025
“130 – 150”
% 3-mile laterals of TIL wells for FY2025
“approximately 40%”
Average working interest of TIL wells for FY2025
“approximately 80%”
Gross operated wells to TIL for Q2 FY2025
“22 – 32”
Oil Volumes (MBopd) for Q2 FY2025
“149.5 – 152.5”
Oil Volumes (MBopd) for FY2025
“150.3 – 154.8”
NGL Volumes (MBblpd) for Q2 FY2025
“46.8 – 48.3”
NGL Volumes (MBblpd) for FY2025
“47.8 – 49.3”
Natural Gas Volumes (MMcfpd) for Q2 FY2025
“402.0 – 415.0”
Natural Gas Volumes (MMcfpd) for FY2025
“415.5 – 428.5”
Total Volumes (MBoepd) for Q2 FY2025
“263.3 – 269.9”
Total Volumes (MBoepd) for FY2025
“267.3 – 275.5”
E&P & Other CapEx ($MM) for Q2 FY2025
“$350 – $380”
E&P & Other CapEx ($MM) for FY2025
“$1,340 – $1,460”
Oil Discount to WTI ($/Bbl) for Q2 FY2025
“$(3.00) – $(1.00)”
Oil Discount to WTI ($/Bbl) for FY2025
“$(2.75) – $(0.75)”
NGL Realization (% of WTI) for Q2 FY2025
“13% – 23%”
NGL Realization (% of WTI) for FY2025
“9% – 19%”
Natural Gas Realization (% of Henry Hub) for Q2 FY2025
“45% – 55%”
Natural Gas Realization (% of Henry Hub) for FY2025
“35% – 45%”
LOE ($/Boe) for Q2 FY2025
“$9.40 – $10.40”
Cash GPT ($/Boe) for FY2025
“$2.65 – $3.15”
Cash GPT ($/Boe) (1) for Q2 FY2025
“$2.65 – $3.15”
Cash G&A ($MM) (1) for Q2 FY2025
“$29.0 – $31.0”
Cash G&A ($MM) for FY2025
“$97.0 – $107.0”
Cash G&A ($MM) (1) for FY2025
“$97.0 – $107.0”
Production Taxes (% of Oil, NGL and Natural … for Q2 FY2025
“8.3% – 8.7%”
Production Taxes (% of Oil, NGL and Natural … for FY2025
“8.4% – 8.8%”
Cash Interest ($MM) (1) for Q2 FY2025
“$15.0 – $17.0”
Cash Interest ($MM) for FY2025
“$51.0 – $59.0”
Cash Interest ($MM) (1) for FY2025
“$51.0 – $59.0”
Cash Tax (% of Adjusted EBITDA) (2) for Q2 FY2025
“1% – 7%”
Cash Tax (% of Adjusted EBITDA) for FY2025
“3% – 10%”
Cash Tax (% of Adjusted EBITDA) (2) for FY2025
“3% – 10%”
Next borrowing base redetermination
“in or around October 2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
The PV-10 does not purport to present the fair value of our proved oil, NGL and natural gas reserves. Return of Capital: Chord declared a base dividend of $1.30 per share of common stock, representing an increase of approximately 4% from the base dividend declared in November 2024. The dividend will be payable on March 26, 2025 to shareholders of record as of March 11, 2025. Details regarding the Return of Capital calculation can be found in the Company’s most recent investor presentation located on its website at https://ir.chordenergy.com/presentations. The Company repurchased 1,604,011 shares of common stock at a weighted average price of $127.82 per share totaling $205.0MM in 4Q24, representing 100% of shareholder returns after the base dividend. Shares issued and outstanding as of February 21, 2025 were 59.6MM (60.3MM on a fully diluted basis) compared to 60.1MM as of December 31, 2024. 2025 Outlook: Chord’s 2025 program focuses on maximizing free cash flow generation through strong capital efficiency. The 2025 outlook is consistent with Chord’s three-year outlook that was announced in November 2024 to deliver oil volumes of 152 MBopd – 153 MBopd for $1.4B of CapEx annually. Chord expects to generate approximately $2.5B of Adjusted EBITDA and $860MM of Adjusted Free Cash Flow in 2025 ($70/Bbl WTI and $3.50/MMBtu Henry Hub). Highlights of the 2025 plan include: • E&P and other CapEx is expected to total $1.4B at the midpoint of guidance, representing a decrease of $90MM from the original pro forma 20
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.