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
Cash Tax (% of Adjusted EBITDA) (2)
“1% – 7%”
Period
Q2 FY2025
Measure
Company-defined measure
Source
Guidance table
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 – $59.0”
Cash Tax (% of Adjusted EBITDA) (2) for Q2 FY2025
“1% – 7%”
Cash Tax (% of Adjusted EBITDA) for FY2025
“3% – 10%”
Cash Tax (% of Adjusted EBITDA) (2) for FY2025
“3% – 10%”
Next borrowing base redetermination
“in or around October 2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
3 The following table presents select operational and financial guidance for 1Q25 and FY25: Metric 1Q25 Guidance FY25 Guidance Oil Volumes (MBopd) 149.5 – 152.5 150.3 – 154.8 NGL Volumes (MBblpd) 46.8 – 48.3 47.8 – 49.3 Natural Gas Volumes (MMcfpd) 402.0 – 415.0 415.5 – 428.5 Total Volumes (MBoepd) 263.3 – 269.9 267.3 – 275.5 E&P & Other CapEx ($MM) $350 – $380 $1,340 – $1,460 Oil Discount to WTI ($/Bbl) $(3.00) – $(1.00) $(2.75) – $(0.75) NGL Realization (% of WTI) 13% – 23% 9% – 19% Natural Gas Realization (% of Henry Hub) 45% – 55% 35% – 45% LOE ($/Boe) $9.40 – $10.40 $9.40 – $10.40 Cash GPT ($/Boe) (1) $2.65 – $3.15 $2.65 – $3.15 Cash G&A ($MM) (1) $29.0 – $31.0 $97.0 – $107.0 Production Taxes (% of Oil, NGL and Natural Gas Sales) 8.3% – 8.7% 8.4% – 8.8% Cash Interest ($MM) (1) $15.0 – $17.0 $51.0 – $59.0 Cash Tax (% of Adjusted EBITDA) (2) 1% – 7% 3% – 10% ___________________ (1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a reconciliation to the most directly comparable financial measure under GA AP. (2) Cash Tax guidance reflects WTI prices between $60/Bbl – $80/Bbl. Select Operational and Financial Data: The following table presents select operational and financial data for the periods presented: 4Q24 3Q24 FY24 Production data: Crude oil (MBopd) 153.3 158.8 132.5 NGLs (MBblpd) 51.8 51.7 44.6 Natural gas (MMcfpd) 410.5 421.8 333.9 Total production (MBoepd) 273.5 280.8 232.7 Percent crude oil 56.1 % 56.6 % 56.9 % Average sales prices: Crude oil, without realized derivatives ($/Bbl) $ 68.79 $ 73.51 $ 73.67 Differential to NYMEX WTI ($/Bbl) (1.49) (1.51) (1.52) Crude oil, with realized derivatives ($/Bbl) 69.16 73.58 73.69 Crude oil realized derivatives ($MM) (5.2) (1.0) (0.9) NGL, without realized derivatives ($/Bbl) 10.07 6.31 9.92 NGL, with realized derivatives ($/Bbl) 10.07 6.31 9.92 Natural gas, without realized derivatives ($/Mcf) 1.21 0.44 0.84 Natural gas, with realized derivatives ($/Mcf) 1.21 0.44 0.84 4 4Q24 3Q24 FY24 Selected financial data ($MM): R
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.