Chord Energy Corporation (CHRD) Q4 2024 Earnings Call Transcript
Chord Energy Corporation (NASDAQ:CHRD ) Q4 2024 Earnings Conference Call February 26, 2025 11:00 AM ET Company Participants Bob Bakanauskas - Vice President of Investor Relations Daniel Brown - President and Chief Executive Officer Darrin Henke - Executive Vice President and Chief Operating Officer Richard Robuck - Executive Vice President and Chief Financial Officer Michael Lou - Executive Vice President, Chief Strategy Officer and Chief Commercial Officer Conference Call Participants Scott Hanold - RBC Capital Markets Derrick Whitfield - Texas Capital Bank Neal Dingmann - Truist Securities, Inc. Oliver Huang - TPH & Co. John Abbott - Wolfe Research Joshua Silverstein - UBS Paul Diamond - Citigroup Inc. Noah Hungness - Bank of America Merrill Lynch David Deckelbaum - TD Cowen Noel Parks - Tuohy Brothers Investment Research, Inc. Operator Good morning, ladies and gentlemen, and welcome to the Chord Energy Fourth Quarter 2024 Earnings Call. At this time, all lines are in a listen-only mode.
Here's What Key Metrics Tell Us About Chord Energy Corporation (CHRD) Q4 Earnings
Although the revenue and EPS for Chord Energy Corporation (CHRD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Chord Energy Corporation (CHRD) Surpasses Q4 Earnings and Revenue Estimates
Chord Energy Corporation (CHRD) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $2.75 per share. This compares to earnings of $5.25 per share a year ago.
What Analyst Projections for Key Metrics Reveal About Chord Energy Corporation (CHRD) Q4 Earnings
Beyond analysts' top -and-bottom-line estimates for Chord Energy Corporation (CHRD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Chord Energy: Superior Value, High Oil Cuts, And Double-Digit Free Cash Flow Yields
Chord Energy has a very cheap valuation, coupled with a focus on capital efficiency. 3- and 4-mile wells will drive efficiency gains moving forward. CHRD's price-to-FCF multiple is significantly lower than peers, trading 5.5 turns cheaper than larger peers, such as Exxon Mobil, Occidental Petroleum, and ConocoPhillips. The 4.5% base dividend is well covered, having reasonable coverage as low as $65/barrel WTI.
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Wolfe upgrades Chord Energy to Outperform on operational improvements
Wolfe Research analyst Doug Leggate upgraded Chord Energy to Outperform from Peer Perform with a $155 price target. Operational improvements in production efficiency, inventory management, and strategic M&A opportunities in FY25 shift the firm to Outperform, the analyst tells investors in a research note. The firm added that the company could participate in sector consolidation not least as it stands a relative "pure play" with management that the firm believes is keen to either get bigger or seek other alternatives to maximize value.
Chord Energy: Stock Repurchases, Sale Of Assets, Synergies, And Extremely Cheap
Chord Energy Corporation's recent merger and asset sales are expected to enhance cash flow and balance sheet, making CHRD appear undervalued. Stock repurchases and warrant expirations in 2025 could increase demand and valuation, supported by consistent EBITDA growth over the last decade. DCF models indicate significant upside potential, with fair valuations higher than the current stock price, despite recent EPS declines and analyst downgrades.
Chord Energy Corporation (CHRD) Q3 2024 Earnings Call Transcript
Chord Energy Corporation. (NASDAQ:CHRD ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Bob Bakanauskas - Vice President Investor Relations Danny Brown - President & Chief Executive Officer Darrin Henke - Chief Operating Officer Richard Robuck - Executive Vice President & Chief Financial Officer Michael Lou - Executive Vice President, Chief Strategy Officer & Chief Commercial Officer Conference Call Participants Neal Dingmann - Truist Securities Scott Hanold - RBC Noah Hungness - Bank of America Phillips Johnston - Capital One Oliver Huang - TPH David Deckelbaum - TD Cowen John Abbott - Wolfe Research Paul Diamond - Citi Noel Parks - Tuohy Brothers Investment Research Operator Good morning, ladies and gentlemen, and welcome to the Chord Energy Third Quarter 2024 Earnings Call.
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Chord Energy Corporation (CHRD) Q3 Earnings Lag Estimates
Chord Energy Corporation (CHRD) came out with quarterly earnings of $3.40 per share, missing the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $5.04 per share a year ago.
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