Q2 25 EPS
$1.79
MISS 4.60%
Est. $1.88
Q2 25 Revenue
$1.18B
BEAT +24.74%
Est. $946.4M
vs S&P Since Q2 25
-1.8%
TRAILING MARKET
CHRD +17.6% vs S&P +19.4%
Market Reaction
Did CHRD Beat Earnings? Q2 2025 Results
Chord Energy delivered a mixed second quarter for 2025, posting adjusted EPS of $1.79 against a consensus estimate of $1.88, a miss of 4.60%, while revenue of $1.18 billion cleared expectations by 24.74% despite falling 6.4% year over year. The headl… Read more Chord Energy delivered a mixed second quarter for 2025, posting adjusted EPS of $1.79 against a consensus estimate of $1.88, a miss of 4.60%, while revenue of $1.18 billion cleared expectations by 24.74% despite falling 6.4% year over year. The headline story, however, was a $539.30 million non-cash goodwill impairment charge tied to the decline in the company's market capitalization amid falling crude oil and natural gas prices, which drove a GAAP net loss of $389.90 million and pushed goodwill to zero. Operationally, Chord showed discipline, with oil production of 156.7 MBopd exceeding the top of guidance and capital spending landing at the low end of targets, helping adjusted free cash flow reach $140.80 million. The company returned over 90% of that figure to shareholders through dividends and buybacks, and authorized a new $1.00 billion repurchase program. Looking ahead, Chord raised its FY25 oil production guidance midpoint to 153.0 MBopd, trimmed E&P CapEx by $20 million, and now targets approximately $850 million in full-year adjusted free cash flow, reflecting roughly 20% improvement from its original plan when normalized for commodity pricing. Shares fell more than 2% following the report.
Key Takeaways
- • Oil production of 156.7 MBopd exceeded high end of guidance driven by strong well performance and improved uptime
- • E&P and other CapEx at low end of guidance at $355.6MM reflecting efficient execution
- • Lower downtime and greater operational efficiency
- • Strong asset performance in the Williston Basin
- • Lower commodity prices (WTI crude oil ~$61.62/Bbl vs $78.89/Bbl in Q2 2024) pressured revenue
CHRD YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CHRD Revenue by Segment
With YoY comparisons, source: SEC Filings
“Chord Energy delivered another outstanding quarter driven by continued operational excellence. Free cash flow was above expectations, supporting continued high shareholder payouts. The Chord team demonstrated strong execution with better downtime, greater efficiency and solid well performance leading to an increase in our full-year production guidance and reduction in capital. Our premier Williston Basin position, built with a focus on disciplined capital allocation, early adoption of new technologies, and strategic M&A, puts Chord in a strong position to drive continuous improvement amidst persistent commodity volatility. We remain focused on optimizing capital allocation while operating in a safe and sustainable manner.”
— Danny Brown, Q2 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% |