Chord Energy Q4 adjusted EPS misses estimates

Overview

• Oil producer's Q4 adjusted EPS missed analyst expectations

• Company declared $1.30/share base dividend and repurchased 3.5 mln shares

• Completed acquisition of Williston Basin assets from XTO Energy

Outlook

• Chord expects FY26 oil volumes between 157 MBopd and 161 MBopd

• Company projects FY26 CapEx at $1.4 bln

• Chord plans to TIL 135-165 gross operated wells in FY26

Result Drivers

• STRONG EXECUTION - Oil volumes reached the high end of company guidance, supported by efficient capital spending below expectations

• COST CONTROL - Lease Operating Expenses were below initial company expectations, aiding profitability despite lower gas volumes

• ASSET INTEGRATION - Completed acquisition of core Williston Basin assets from XTO Energy, enhancing reserve base

Company press release: ID:nPn1GkXMKa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

• Wall Street's median 12-month price target for Chord Energy Corp is $129.00, about 23% above its February 24 closing price of $104.92

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)