Overview

* Chord Energy ( CHRD ) Q3 revenue beats analyst expectations, driven by strong oil volumes

* Adjusted EPS for Q3 exceeds analyst estimates, reflecting operational efficiency

* Company completed XTO acquisition, enhancing asset base in Williston Basin

Outlook

* Chord Energy ( CHRD ) raises FY25 oil volume guidance, maintaining CapEx guidance excluding XTO impacts

* Company expects FY25 adjusted EBITDA of $2.4 bln and adjusted FCF of $840 mln

* Chord plans to bring back a second completions crew in 4Q25

Result Drivers

* STRONG EXECUTION - Efficient execution and asset performance led to oil volumes above guidance midpoint, with CapEx below midpoint

* MARKETING OPTIMIZATION - Executed agreements expected to save $30MM-$50MM annually in FCF

* XTO ACQUISITION - Completed acquisition of Williston Basin assets from XTO, extending inventory runway

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.31 $1.10

Revenue bln bln (11

Analysts

)

Q3 Beat $2.35 $2.28

Adjusted (14

EPS Analysts

)

Q3 EPS $2.26

Q3 $577.80

Adjusted mln

EBITDA

Q3 Basic $2.26

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Chord Energy Corp ( CHRD ) is $132.50, about 31.4% above its November 3 closing price of $90.92

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)