Overview

* Chord Energy ( CHRD ) Q2 production volumes exceeded guidance, boosting operational performance

* Adjusted EPS of $1.79 missed analyst estimates, per LSEG data

* Raised FY25 oil production guidance, reduced capital expenditure by $20 mln

Outlook

* Chord raises FY25 oil production guidance by 500 Bopd

* Company lowers FY25 capital expenditures by $20 mln at midpoint

* Chord expects FY25 Adjusted FCF to improve by 20%

* Company plans to return second completions crew in 4Q25

Result Drivers

* PRODUCTION VOLUMES - Exceeded company's guidance due to strong well performance and improved uptime

* CAPITAL EFFICIENCY - Reduced capital expenditures by $20 mln due to operational efficiencies

* ADJUSTED FCF - Improved by ~20% driven by capital efficiency and lower operating costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $1.79 $1.87

Adjusted (14

EPS Analysts

)

Q2 EPS -$6.77

Q2 Net -$389.90

Income mln

Q2 Basic -$6.71

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "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 $140.00, about 24% above its August 5 closing price of $106.44

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(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.)