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Companies / Chord Energy / Filing

Chord Energy — Feb 25, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-25-000002
Open on SEC.gov ↗
Showing in the filing
Next borrowing base redetermination
“in or around October 2025”
Period
No period stated
Measure
Company-defined measure
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
5 Balance Sheet and Liquidity: In February 2025, the Company completed its semi-annual borrowing base redetermination, setting the borrowing base at $2.75 billion and increasing the aggregate amount of elected commitments to $2.0 billion. The next scheduled redetermination is expected to occur in or around October 2025. The following table presents key balance sheet data and liquidity metrics as of December 31, 2024 (in millions) after taking into account the February 2025 redetermination: December 31, 2024 Revolving credit facility (1) $ 2,000.0  Revolver borrowings $ 445.0  Senior notes 400.0  Total debt $ 845.0  Cash and cash equivalents $ 37.0  Letters of credit 30.8  Liquidity 1,561.2  ___________________ (1) $2.75B borrowing base and $2.0B of elected commitments after annual borrowing base completed in February 2025. 6 Contact: Chord Energy Corporation Bob Bakanauskas, Vice President, Investor Relations (281) 404-9600 ir@chordenergy.com Conference Call Information Investors, analysts and other interested parties are invited to listen to the webcast: Date: Wednesday, February 26, 2025 Time: 10:00 a.m. Central Live Webcast: https://app.webinar.net/v7W9Ny9NonL To join the conference call by phone without operator assistance (including sell-side analysts wishing to ask a question), you may register and enter your phone number at https://emportal.ink/41Y07CR to receive an instant automated call back and be immediately placed into the call. You may also use the following dial-in information to j
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.