05:18 PM EDT, 05/07/2024 (MT Newswires) -- Chord Energy ( CHRD ) reported Q1 adjusted earnings late Tuesday of $5.10 per diluted share, up from $4.49 a year earlier.

Analysts surveyed by Capital IQ expected $4.80.

Revenue for the quarter ended March 31 was $1.09 billion, up from $896.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $766.3 million.

The company set a cash dividend of $2.94 per share, consisting of a base dividend of $1.25 and a variable dividend of $1.69, payable on June 5 to shareholders of record on May 22.

Company shares were up 1.6% in after-hours activity.

Price: 181.49, Change: +2.81, Percent Change: +1.57