Chord Energy's 4-Mile Laterals Seen Driving Higher Free Cash Flow, Buybacks, UBS Says

MT Newswires Live01:13

Chord Energy's (CHRD) growing use of 4-mile laterals is expected to drive efficiency gains that support higher free cash flow and buybacks as the company builds on its strong first quarter, UBS Securities said in a Q2 earnings preview.

The firm said in a Thursday note that early performance from the longer laterals has been strong, with well costs tracking below budget. It also pointed to the company's first full 4-mile development pad, where full-pad development savings were realized.

UBS said frac efficiency in Q1 was 24% higher than the 2025 average, reflecting improved operational efficiency.

The investment firm expects capital spending to decline in H2 as the company drops a frac crew, with oil production remaining roughly flat in Q3 before declining in Q4. The brokerage lowered its financial forecasts for 2026 and 2027 on a weaker oil and gas price outlook.

UBS reiterated its buy rating and lowered its price target to $153 from $179.

Shares of Chord Energy were down 1.3% in Friday afternoon trading.

Price: 116.99, Change: -1.49, Percent Change: -1.26

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2650131236?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-11 01:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2650131236","market":"us","top_or_hot":-1,"title":"Chord Energy's 4-Mile Laterals Seen Driving Higher Free Cash Flow, Buybacks, UBS Says","media":"MT Newswires Live","content":"<html><body><p> Chord Energy's (CHRD) growing use of 4-mile laterals is expected to drive efficiency gains that support higher free cash flow and buybacks as the company builds on its strong first quarter, UBS Securities said in a Q2 earnings preview.</p><p>The firm said in a Thursday note that early performance from the longer laterals has been strong, with well costs tracking below budget. It also pointed to the company's first full 4-mile development pad, where full-pad development savings were realized.</p><p>UBS said frac efficiency in Q1 was 24% higher than the 2025 average, reflecting improved operational efficiency.</p><p>The investment firm expects capital spending to decline in H2 as the company drops a frac crew, with oil production remaining roughly flat in Q3 before declining in Q4. The brokerage lowered its financial forecasts for 2026 and 2027 on a weaker oil and gas price outlook.</p><p>UBS reiterated its buy rating and lowered its price target to $153 from $179.</p><p>Shares of Chord Energy were down 1.3% in Friday afternoon trading.</p><p>Price: 116.99, Change: -1.49, Percent Change: -1.26</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chord Energy's 4-Mile Laterals Seen Driving Higher Free Cash Flow, Buybacks, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChord Energy's 4-Mile Laterals Seen Driving Higher Free Cash Flow, Buybacks, UBS Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-11 01:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Chord Energy's (CHRD) growing use of 4-mile laterals is expected to drive efficiency gains that support higher free cash flow and buybacks as the company builds on its strong first quarter, UBS Securities said in a Q2 earnings preview.</p><p>The firm said in a Thursday note that early performance from the longer laterals has been strong, with well costs tracking below budget. It also pointed to the company's first full 4-mile development pad, where full-pad development savings were realized.</p><p>UBS said frac efficiency in Q1 was 24% higher than the 2025 average, reflecting improved operational efficiency.</p><p>The investment firm expects capital spending to decline in H2 as the company drops a frac crew, with oil production remaining roughly flat in Q3 before declining in Q4. The brokerage lowered its financial forecasts for 2026 and 2027 on a weaker oil and gas price outlook.</p><p>UBS reiterated its buy rating and lowered its price target to $153 from $179.</p><p>Shares of Chord Energy were down 1.3% in Friday afternoon trading.</p><p>Price: 116.99, Change: -1.49, Percent Change: -1.26</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2650131236","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650131236","pubTimestamp":1783703620,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Chord Energy's  growing use of 4-mile laterals is expected to drive efficiency gains that support higher free cash flow and buybacks as the company builds on its strong first quarter, UBS Securities said in a Q2 earnings preview.The firm said in a Thursday note that early performance from the longer laterals has been strong, with well costs tracking below budget. It also pointed to the company's first full 4-mile development pad, where full-pad development savings were realized.UBS said frac efficiency in Q1 was 24% higher than the 2025 average, reflecting improved operational efficiency.The investment firm expects capital spending to decline in H2 as the company drops a frac crew, with oil production remaining roughly flat in Q3 before declining in Q4. The brokerage lowered its financial forecasts for 2026 and 2027 on a weaker oil and gas price outlook.UBS reiterated its buy rating and lowered its price target to $153 from $179.Shares of Chord Energy were down 1.3% in Friday afternoon","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","CHRD":"Chord Energy Corp"},"translate_title":"瑞银表示，Chord Energy 的 4 英里横向线路推动了更高的自由现金流和回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHRD":1},"content_text":"Chord Energy's (CHRD) growing use of 4-mile laterals is expected to drive efficiency gains that support higher free cash flow and buybacks as the company builds on its strong first quarter, UBS Securities said in a Q2 earnings preview.The firm said in a Thursday note that early performance from the longer laterals has been strong, with well costs tracking below budget. It also pointed to the company's first full 4-mile development pad, where full-pad development savings were realized.UBS said frac efficiency in Q1 was 24% higher than the 2025 average, reflecting improved operational efficiency.The investment firm expects capital spending to decline in H2 as the company drops a frac crew, with oil production remaining roughly flat in Q3 before declining in Q4. The brokerage lowered its financial forecasts for 2026 and 2027 on a weaker oil and gas price outlook.UBS reiterated its buy rating and lowered its price target to $153 from $179.Shares of Chord Energy were down 1.3% in Friday afternoon trading.Price: 116.99, Change: -1.49, Percent Change: -1.26","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650131236","isCrawlerRequest":true}