Q1 25 EPS
$4.04
BEAT +14.28%
Est. $3.54
Q1 25 Revenue
$1.22B
BEAT +3.33%
Est. $1.18B
vs S&P Since Q1 25
+1.0%
BEATING MARKET
CHRD +35.5% vs S&P +34.5%
Market Reaction
Did CHRD Beat Earnings? Q1 2025 Results
Chord Energy posted a decisive first-quarter 2025 beat, with earnings per share of $4.04 clearing the $3.54 consensus estimate by 14.28% as revenue of $1.22 billion topped expectations by 3.33% and grew 12.00% year over year. The outperformance trace… Read more Chord Energy posted a decisive first-quarter 2025 beat, with earnings per share of $4.04 clearing the $3.54 consensus estimate by 14.28% as revenue of $1.22 billion topped expectations by 3.33% and grew 12.00% year over year. The outperformance traced directly to better-than-modeled well results and disciplined cost control, with oil production of 153.7 MBopd finishing above the high end of guidance even as winter weather created operational headwinds. Lease operating expenses of $9.56 per Boe came in below the midpoint of guidance, reinforcing the efficiency story, while the company returned 100% of adjusted free cash flow to shareholders through $216.50 million in buybacks. Looking ahead, Chord is holding its full-year 2025 oil production target at 152.5 MBopd while trimming E&P capital by $30.00 million to roughly $1.37 billion, and at $60 per barrel WTI it expects approximately $2.20 billion in adjusted EBITDA and $650.00 million in adjusted free cash flow for the year.
Key Takeaways
- • Better than modeled well performance drove oil production above guidance
- • Solid cost control with LOE at $9.56/Boe below midpoint of guidance
- • Improved downtime management despite difficult winter conditions
- • Seasonally strong regional benchmark prices for gas and NGL realizations
- • Natural gas revenues nearly doubled sequentially due to higher gas prices ($2.30/Mcf vs $1.21/Mcf in Q4)
- • NGL realizations improved to $14.18/Bbl from $10.07/Bbl in Q4
CHRD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CHRD Revenue by Segment
With YoY comparisons, source: SEC Filings
“Chord's first quarter performance demonstrates strong operational momentum. We benefited from better than modeled well performance, solid cost control, and improved downtime, leading to strong oil production and free cash flow above expectations. Our compelling asset base and proficient execution continue to support high levels of shareholder distributions, with 100% of free cash flow returned to shareholders for the second consecutive quarter. Share repurchases comprised the entirety of returns after the base dividend, and we expect continued focus on share repurchases going forward. I thank the Chord employees for their resilience in overcoming difficult winter conditions and putting the Company on excellent footing for the remainder of the year.”
— Danny Brown, Q1 2025 Earnings Press Release
CHRD Earnings Trends
CHRD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CHRD EPS Trend
Earnings per share: estimate vs actual
CHRD Revenue Trend
Quarterly revenue: estimate vs actual
CHRD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $3.49 | $4.56 | +30.78% | $1.67B | +41.82% |
| Q4 25 BEAT FY | $1.24 | $1.28 | +3.59% | $1.17B | +13.13% |
| FY Full Year | $9.53 | $9.53 | -0.03% | $4.88B | +3.20% |
| Q3 25 BEAT | $2.29 | $2.35 | +2.75% | $1.31B | +22.21% |
| Q2 25 MISS | $1.88 | $1.79 | -4.60% | $1.18B | +24.74% |
| Q1 25 BEAT | $3.54 | $4.04 | +14.28% | $1.22B | +3.33% |