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
NGL Volumes (MBblpd)
“47.3 – 48.8”
Period
Q2 FY2025
Measure
Company-defined measure
Source
Guidance table
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
~40% 3-mile laterals in 2025; • E&P and Other CapEx: Reduced by $30MM to approximately $1.37B driven by efficiencies; • Oil Volumes: Expected to average 152.5 MBopd, unchanged from February guidance; • LOE: Decreased $0.30/Boe to $9.60/Boe reflecting efficiencies (FY25 impact ~$30MM); • Differentials: Adjusted to reflect 1Q25 performance and current outlook; and • Interest expense: Increased due to March bond offering, recent buybacks and commodity price assumptions. The following table presents select operational and financial guidance for 2Q25 and FY25: Metric 2Q25 Guidance FY25 Guidance Oil Volumes (MBopd) 153.0 – 156.0 151.0 – 154.0 NGL Volumes (MBblpd) 47.3 – 48.8 48.0 – 49.1 Natural Gas Volumes (MMcfpd) 408.5 – 421.5 417.1 – 426.9 Total Volumes (MBoepd) 268.3 – 275.0 268.5 – 274.2 E&P & Other CapEx ($MM) $355 – $385 $1,325 – $1,415 Oil Discount to WTI ($/Bbl) $(3.05) – $(1.05) $(2.70) – $(1.20) NGL Realization (% of WTI) 5% – 15% 10% – 18% Natural Gas Realization (% of Henry Hub) 25% – 35% 36% – 44% LOE ($/Boe) $9.25 – $10.25 $9.20 – $10.00 Cash GPT ($/Boe) (1) $2.65 – $3.15 $2.70 – $3.10 Cash G&A ($MM) (1) $26.0 – $28.0 $97.0 – $107.0 Production Taxes (% of Oil, NGL and Natural Gas Sales) 8.3% – 8.8% 7.8% – 8.2% Cash Interest ($MM) (1) $16.5 – $18.5 $65.0 – $71.0 Cash Tax (% of Adjusted EBITDA) (2) 2% – 9% 4% – 9% ___________________ (1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below for more information . (2) Cash Tax guidance reflects WTI prices between $55/Bbl – $75/Bbl. Select Operational and Financial Data: The following table presents select operational and financial data for the periods presented: 1Q25 4Q24 1Q24 Production data: Crude oil (MBopd) 153.7 153.3 99.0 NGLs (MBblpd) 48.1 51.8 34.4 Natural gas (MMcfpd) 414.5 410.5 209.8 Total production (MBoepd) 270.9 273.5 168.4 Percent crude oil 56.7
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.