Reports Q1 revenue $748.3M, consensus $776.84M. “Chord delivered exceptional operational performance in the first quarter,” said Danny Brown, Chord Energy’s President and CEO. “The team rebounded quickly from difficult weather conditions in January while improving cycle times in our development program and exhibiting the strongest quarterly safety performance in company history. This improved operational performance, coupled with strong well performance, drove first quarter oil production and free cash flow above expectations. Shareholder returns remain robust, supported by deep, low-cost inventory and excellent capital efficiency.”
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Read More on CHRD:
- Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus
- Chord Energy price target raised to $230 from $219 at Piper Sandler
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- Chord Energy price target lowered to $224 from $229 at Truist
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