HighGravityDataChord Energy — Nov 4, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001486159-25-000042
Showing in the filing
CapEx
“$1.35B”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 48
Base dividend for FY2025
“$1.30 per share”
Marketing optimization annualized FCF savings
“$30MM-$50MM”
NGL Realization (% of WTI) for Q2 FY2026
“5% – 15%”
4-mile laterals TIL'd for FY2025
“seven 4-mile laterals”
Adjusted EBITDA for FY2025
“approximately $2.4B”
Adjusted FCF for FY2025
“approximately $840MM”
Gross operated TILs (~80% working interest) for FY2025
“115 – 125”
Gross operated wells for FY2025
“115 – 125”
Gross operated TILs (~80% working interest) for Q2 FY2026
“23 – 33”
Oil volumes (excluding XTO Acquisition) for Q2 FY2026
“147.0 MBopd”
Oil volumes (excluding XTO Acquisition) for FY2025
“153.3 MBopd”
Oil volumes contribution from XTO Acquisition for Q2 FY2026
“approximately 4.0 MBopd”
Total oil volumes for Q2 FY2026
“151.0 MBopd”
Total oil volumes at midpoint (including XTO) for Q2 FY2026
“151.0 MBopd”
Incremental CapEx (to support maintaining XT… for FY2026
“$15MM”
CapEx for FY2025
“$1.35B”
LOE for FY2025
“$9.73/Boe”
LOE for Q2 FY2026
“$9.70/Boe”
Cash G&A for FY2025
“$90MM”
Cash Interest for FY2025
“$79MM”
Cash Taxes for Q2 FY2026
“1.5% of Adjusted EBITDA”
Oil Volumes (MBopd) for Q2 FY2026
“149.0 – 153.0”
Oil Volumes (MBopd) for FY2025
“153.8 – 154.8”
NGL Volumes (MBblpd) for Q2 FY2026
“49.5 – 53.5”
NGL Volumes (MBblpd) for FY2025
“51.7 – 52.7”
Natural Gas Volumes (MMcfpd) for Q2 FY2026
“421.0 – 433.0”
Natural Gas Volumes (MMcfpd) for FY2025
“420.4 – 423.4”
Total Volumes (MBoepd) for Q2 FY2026
“268.7 – 278.7”
Total Volumes (MBoepd) for FY2025
“275.6 – 278.1”
E&P & Other CapEx ($MM) for Q2 FY2026
“$315 – $345”
E&P & Other CapEx ($MM) for FY2025
“$1,350 – $1,380”
Oil Discount to WTI ($/Bbl) for Q2 FY2026
“$(2.80) – $(0.80)”
Oil Discount to WTI ($/Bbl) for FY2025
“$(2.15) – $(1.65)”
NGL Realization (% of WTI) for FY2025
“10% – 13%”
Natural Gas Realization (% of Henry Hub) for Q2 FY2026
“30% – 40%”
Natural Gas Realization (% of Henry Hub) for FY2025
“38% – 40%”
LOE ($/Boe) for Q2 FY2026
“$9.20 – $10.20”
LOE ($/Boe) for FY2025
“$9.60 – $9.85”
Cash GPT ($/Boe) for Q2 FY2026
“$2.70 – $3.00”
Cash GPT ($/Boe) for FY2025
“$2.85 – $2.92”
Cash G&A ($MM) for Q2 FY2026
“$20 – $25”
Cash G&A ($MM) for FY2025
“$87 – $92”
Production Taxes (% of Oil, NGL and Natural … for Q2 FY2026
“8.3% – 8.8%”
Production Taxes (% of Oil, NGL and Natural … for FY2025
“7.6% – 7.7%”
Cash Interest ($MM) for Q2 FY2026
“$25 – $27”
Cash Interest ($MM) for FY2025
“$78 – $80”
Cash Tax (% of Adjusted EBITDA) for Q2 FY2026
“0% – 3%”
Cash Tax (% of Adjusted EBITDA) for FY2025
“3% – 4%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Oil volumes associated with the XTO Acquisition are expected to contribute approximately 4.0 MBopd in 4Q25 leading to total 4Q25 volumes of 151.0 MBopd at midpoint of guidance. FY25 total volumes were adjusted to reflect production curtailments in the Marcellus; • CapEx: Adding $15MM of CapEx to FY25 to support maintaining XTO volumes in 2026; otherwise, FY25 CapEx of $1.35B at midpoint of guidance is unchanged vs August outlook. Adjusting 4Q25 CapEx to reflect the XTO related capital and minor schedule shifting from 3Q25 to 4Q25; • Differentials: Adjusting to reflect 3Q performance and current market conditions; • LOE: Adjusting FY25 to $9.73/Boe at midpoint of guidance to reflect 3Q25 performance (affected by curtailed Marcellus volumes), the inclusion of XTO in 4Q25 and activity timing. 4Q25 adjusted to $9.70/Boe at midpoint of guidance to reflect continued curtailment of Marcellus volumes and impacts from the XTO Acquisition; • Cash G&A: Lowering FY25 to $90MM at midpoint of guidance to reflect YTD performance; • Cash Interest: Increasing FY25 to $79MM at midpoint of guidance to reflect the issuance of 2030 Senior Notes in September; and • Cash Taxes: Expecting 4Q25 cash taxes of 1.5% of Adjusted EBITDA at midpoint of guidance ($50/Bbl - $70/Bbl WTI). 3 The following table presents select operational and financial guidance for the periods presented: Metric 4Q25 Guidance FY25 Guidance Oil Volumes (MBopd) 149.0 – 153.0 153.8 – 154.8 NGL Volumes (MBblpd) 49.5 – 53.5 51.7 – 52.7 Natural Gas Volumes (MMcfpd) 421.0 – 433.0 420.4 – 423.4 Total Volumes (M
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.