- Chord Energy (CHRD, Financial) reported Q1 2025 operating cash flow of $656.9M and net income of $219.8M.
- The company declared a base dividend of $1.30 per share, with a payout on June 9, 2025.
- Chord Energy repurchased $216.5M of common stock, representing full free cash flow returns to shareholders.
Chord Energy Corporation (CHRD) announced robust financial results for the first quarter of 2025, achieving significant production and financial performance metrics beyond initial guidance. The company reported an operating cash flow of $656.9 million and a net income of $219.8 million, equivalent to $3.66 per diluted share. The adjusted free cash flow stood at $290.5 million for the quarter.
Maintaining its strong commitment to shareholder returns, Chord Energy declared a base dividend of $1.30 per share, which is scheduled for payment on June 9, 2025, to shareholders of record as of May 21, 2025.
In the same quarter, Chord Energy executed the repurchase of $216.5 million of common stock at an average price of $108.54 per share. This action returned 100% of the adjusted free cash flow to shareholders, reinforcing the company's strategy of delivering substantial returns to its investors.
The company's production for Q1 2025 reached 153.7 MBopd (270.9 MBoepd), eclipsing the high-end of its guidance. Capital expenditures for exploration and production (E&P) and other activities amounted to $355.4 million, aligning with the lower end of the guidance range.
Looking forward to the remainder of the year, Chord Energy has adjusted its 2025 capital expenditure guidance, cutting it by $30 million to approximately $1.37 billion due to enhanced operational efficiencies. The company's financial flexibility is bolstered by issuing $750 million in senior notes, improving liquidity to over $1.9 billion.
Chord Energy continues to project an average oil production of 152.5 MBopd for 2025, with full-year production expected to range between 268.5 and 274.2 MBoepd, maintaining their original forecast amidst efficient capital allocation and optimization strategies.
Also check out: (Free Trial)
