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
Oil Discount to WTI ($/Bbl)
“$(2.70) – $(1.20)”
Period
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 – $71.0”
Cash Tax (% of Adjusted EBITDA) for Q2 FY2025
“2% – 9%”
Cash Tax (% of Adjusted EBITDA) for FY2025
“4% – 9%”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following table presents select operational and financial guidance for 2Q25 and FY25: Metric 2Q25 Guidance FY25 Guidance Oil Volumes (MBopd) 153.0 – 156.0 151.0 – 154.0 NGL Volumes (MBblpd) 47.3 – 48.8 48.0 – 49.1 Natural Gas Volumes (MMcfpd) 408.5 – 421.5 417.1 – 426.9 Total Volumes (MBoepd) 268.3 – 275.0 268.5 – 274.2 E&P & Other CapEx ($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 – $75/Bbl. Select Operational and Financial Data: The following table presents select operational and financial data for the periods presented: 1Q25 4Q24 1Q24 Production data: Crude oil (MBopd) 153.7 153.3 99.0 NGLs (MBblpd) 48.1 51.8 34.4 Natural gas (MMcfpd) 414.5 410.5 209.8 Total production (MBoepd) 270.9 273.5 168.4 Percent crude oil 56.7 % 56.1 % 58.8 % 3 1Q25 4Q24 1Q24 Average sales prices: Crude oil, without realized derivatives ($/Bbl) $ 69.11 $ 68.79 $ 75.32 Differential to NYMEX WTI ($/Bbl) (2.30) (1.49) (1.71) Crude oil, with realized derivatives ($/Bbl) 69
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.