HighGravityDataChord Energy — Aug 6, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-25-000035
Showing in the filing
Adjusted EBITDA
“approximately $2.4B”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 46
Base dividend
“$1.30 per share”
4-mile lateral TILs for FY2025
“seven 4-mile laterals in FY25”
Adjusted FCF improvement vs. February outlook for FY2025
“a ~20% improvement in Adjusted FCF”
Adjusted FCF per share improvement vs. Febru… for FY2025
“~25% improvement in Adjusted FCF per share vs. the February outlook (normalized for commodity pricing)”
Cash GPT ($/Boe) for Q2 FY2026
“$2.65 – $3.15”
Base Dividend for Q3 FY2025
“$1.30 per share of common stock”
Share Repurchase Program Authorization
“$1B”
Adjusted EBITDA for FY2025
“approximately $2.4B”
Adjusted FCF for FY2025
“approximately $850MM”
Gross operated wells for FY2025
“115 – 135”
TIL gross operated wells for FY2025
“115 – 135 gross operated wells (~80% working interest)”
Gross operated TILs for Q2 FY2026
“30 – 40”
Gross operated TILs for Q2 FY2026
“30 – 40 gross operated TILs planned for 3Q25 (~70% working interest)”
Oil Volumes for FY2025
“Raised +500 Bopd to 153.0 MBopd at midpoint”
E&P and Other CapEx for FY2025
“Lowered -$20MM to $1.35B at midpoint”
LOE for FY2025
“$9.60/Boe”
Oil Differentials for FY2025
“Narrowed by $0.30/Bbl”
Cash Tax (% of Adjusted EBITDA) for FY2025
“3.5% – 6.5%”
Cash Taxes for FY2025
“3.5% – 6.5%%”
Adjusted FCF change for FY2025
“FY25 Adjusted FCF increasing ~$120MM (~20%) from original plan”
Oil Volumes (MBopd) for Q2 FY2026
“153.5 – 157.5”
Oil Volumes (MBopd) for FY2025
“151.8 – 154.1”
NGL Volumes (MBblpd) for Q2 FY2026
“50.5 – 54.5”
NGL Volumes (MBblpd) for FY2025
“50.2 – 52.5”
Natural Gas Volumes (MMcfpd) for Q2 FY2026
“430.0 – 442.0”
Natural Gas Volumes (MMcfpd) for FY2025
“423.1 – 430.7”
Total Volumes (MBoepd) for Q2 FY2026
“275.7 – 285.7”
Total Volumes (MBoepd) for FY2025
“272.5 – 278.3”
E&P & Other CapEx ($MM) for Q2 FY2026
“$315 – $345”
E&P & Other CapEx ($MM) for FY2025
“$1,320 – $1,380”
Oil Discount to WTI ($/Bbl) for Q2 FY2026
“$(2.40) – $(0.40)”
Oil Discount to WTI ($/Bbl) for FY2025
“$(2.15) – $(1.15)”
NGL Realization (% of WTI) for Q2 FY2026
“10% – 20%”
NGL Realization (% of WTI) for FY2025
“11% – 16%”
Natural Gas Realization (% of Henry Hub) for Q2 FY2026
“20% – 30%”
Natural Gas Realization (% of Henry Hub) for FY2025
“36% – 41%”
LOE ($/Boe) for Q2 FY2026
“$9.15 – $10.15”
LOE ($/Boe) for FY2025
“$9.35 – $9.85”
Cash GPT ($/Boe) for FY2025
“$2.80 – $3.05”
Cash G&A ($MM) for Q2 FY2026
“$20 – $25”
Cash G&A ($MM) for FY2025
“$90 – $100”
Production Taxes (% of Oil, NGL and Natural … for Q2 FY2026
“8.3% – 8.8%”
Production Taxes (% of Oil, NGL and Natural … for FY2025
“7.6% – 7.8%”
Cash Interest ($MM) for Q2 FY2026
“$17 – $19”
Cash Interest ($MM) for FY2025
“$68 – $72”
Cash Tax (% of Adjusted EBITDA) for Q2 FY2026
“3% – 10%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Chord has delivered production volumes and capital better than expectations in the first half of the year, reflecting solid execution, operational efficiencies, lower downtime and strong asset performance. Chord expects to generate Adjusted EBITDA of approximately $2.4B and Adjusted FCF of approximately $850MM at the midpoint of guidance (2H25 $65/Bbl WTI and $3.75/MMBtu Henry Hub). Chord plans to TIL115 – 135 gross operated wells (~80% working interest), with 30 – 40 gross operated TILs planned for 3Q25 (~70% working interest). Highlights of Chord’s updated FY25 guidance include: • Oil Volumes: Raised +500 Bopd to 153.0 MBopd at midpoint, driven by strong well performance and improved uptime; • E&P and Other CapEx: Lowered -$20MM to $1.35B at midpoint; now -$50MM below original plan; • LOE: Maintained at $9.60/Boe midpoint; -$0.30/Boe below original plan; 2 • Oil Differentials: Narrowed by $0.30/Bbl to reflect improved 2H25 market conditions; • Cash Taxes: Lowered FY25 cash tax range to 3.5% – 6.5%% of Adjusted EBITDA (reflects 1H25 cash tax payments and 2H25 at $60/Bbl - $80/BBl WTI) reflecting our latest forecasts (previous guidance was 4% – 9% of Adjusted EBITDA); and • Adjusted FCF: FY25 Adjusted FCF increasing ~$120MM (~20%) from original plan, driven by improved capital efficiency and lower operating costs (normalized $65/Bbl WTI and $3.75/MMBtu Henry Hub for both periods). See Chord’s most recent investor presentation located on its websi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.