HighGravityDataChord Energy — May 6, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-25-000021
Showing in the filing
Base dividend
“$1.30 per share”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 39
Base dividend
“$1.30 per share”
Cash GPT ($/Boe) for Q2 FY2025
“$2.65 – $3.15”
Adjusted EBITDA for FY2025
“approximately $2.2B”
Adjusted Free Cash Flow for FY2025
“approximately $650MM”
Gross Operated TILs for FY2025
“130 – 150”
Gross Operated TILs for FY2025
“130 – 150 wells (~80% working interest)”
Gross Operated TILs for Q2 FY2025
“40 – 50”
Gross Operated TILs for Q2 FY2025
“40 – 50 wells planned for 2Q25 (~73% working interest)”
3-mile laterals for FY2025
“~40% 3-mile laterals in 2025”
E&P and Other CapEx for FY2025
“approximately $1.37B”
Oil Volumes for FY2025
“152.5 MBopd”
LOE for FY2025
“$9.60/Boe”
Oil Volumes (MBopd) for Q2 FY2025
“153.0 – 156.0”
Oil Volumes (MBopd) for FY2025
“151.0 – 154.0”
NGL Volumes (MBblpd) for Q2 FY2025
“47.3 – 48.8”
NGL Volumes (MBblpd) for FY2025
“48.0 – 49.1”
Natural Gas Volumes (MMcfpd) for Q2 FY2025
“408.5 – 421.5”
Natural Gas Volumes (MMcfpd) for FY2025
“417.1 – 426.9”
Total Volumes (MBoepd) for Q2 FY2025
“268.3 – 275.0”
Total Volumes (MBoepd) for FY2025
“268.5 – 274.2”
E&P & Other CapEx ($MM) for Q2 FY2025
“$355 – $385”
E&P & Other CapEx ($MM) for FY2025
“$1,325 – $1,415”
Oil Discount to WTI ($/Bbl) for Q2 FY2025
“$(3.05) – $(1.05)”
Oil Discount to WTI ($/Bbl) for FY2025
“$(2.70) – $(1.20)”
NGL Realization (% of WTI) for Q2 FY2025
“5% – 15%”
NGL Realization (% of WTI) for FY2025
“10% – 18%”
Natural Gas Realization (% of Henry Hub) for Q2 FY2025
“25% – 35%”
Natural Gas Realization (% of Henry Hub) for FY2025
“36% – 44%”
LOE ($/Boe) for Q2 FY2025
“$9.25 – $10.25”
LOE ($/Boe) for FY2025
“$9.20 – $10.00”
Cash GPT ($/Boe) for FY2025
“$2.70 – $3.10”
Cash G&A ($MM) for Q2 FY2025
“$26.0 – $28.0”
Cash G&A ($MM) for FY2025
“$97.0 – $107.0”
Production Taxes (% of Oil, NGL and Natural … for Q2 FY2025
“8.3% – 8.8%”
Production Taxes (% of Oil, NGL and Natural … for FY2025
“7.8% – 8.2%”
Cash Interest ($MM) for Q2 FY2025
“$16.5 – $18.5”
Cash Interest ($MM) for FY2025
“$65.0 – $71.0”
Cash Tax (% of Adjusted EBITDA) for Q2 FY2025
“2% – 9%”
Cash Tax (% of Adjusted EBITDA) for FY2025
“4% – 9%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Key Takeaways and Updates: • Strong Performance: Solid execution and asset performance, combined with disciplined cost control delivered Cash Flow from Operations and Adjusted Free Cash Flow (1) above expectations; • Shareholder Returns: Returned 100% of Adjusted Free Cash Flow (1) to shareholders through share repurchases after declaring base dividend of $1.30 per share; • Stock Repurchases: Repurchased $216.5MM of common stock at an average price of $108.54/share; • Operational Success: Executed first 4-mile turn-in-line (“TIL”) with well costs below budget; • Financial Flexibility: Issued $750MM of 2033 Senior Notes at 6.75%, enhancing liquidity to over $1.9B with leverage at 0.3x; and • 2025 Outlook: Reducing activity in accordance with original 2025 operating plan, while closely monitoring the macro environment. Maintaining FY25 production guidance, while decreasing capital by $30MM, reflecting program efficiencies. 1Q25 Operational and Financial Highlights: • Production: Achieved volumes of 153.7 MBopd (270.9 MBoepd), surpassing the high -end of guid ance ; • CapEx: E&P and other CapEx of $355.4MM was towards the low-end of guidance; • Expenses: Lease Operating Expense (“LOE”) was $9.56 per Boe, below midpoint of guidance; • Realizations: Gas and NGL realizations were favorable, reflecting seasonally strong regional benchmark prices; • Cash Flow: Net cash provided by operating activities was $656.9MM, with net income of $219.8MM; and • EBITDA & FCF: Adjusted EBITDA (1) was $695.5MM and Adjusted Free Cash Flow (1) was $290.5MM. (1) Non-GAAP f
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.