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Chord Energy Stock Dips 2.6% Since Q2 Earnings Miss Estimates
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Key Takeaways
CHRD Q2 EPS of $1.79 missed estimates and fell sharply from $4.69 a year ago.
A $539M goodwill impairment charge led to a GAAP net loss of $6.77 per share for the quarter.
Realized crude and NGL prices dropped, offsetting revenue gains from increased output.
Chord Energy Corporation (CHRD - Free Report) shares have declined 2.6% since reporting second-quarter 2025 results on Aug. 6, after the closing bell. The underperformance can be attributed to weaker-than-expected earnings and a $539-million goodwill impairment overshadowing production growth and guidance.
Q2 Results
The company reported second-quarter 2025 adjusted earnings of $1.79 per share, which missed the Zacks Consensus Estimate of $1.88. The bottom line significantly declined from the year-ago quarter’s $4.69.
On a GAAP basis, the company reported a net loss of $6.77 per share due to a $539-million non-cash goodwill impairment charge.
Total quarterly revenues of $1,181 million lagged the Zacks Consensus Estimate of $1,295 million. The top line declined from the prior year’s $1,261 million.
Weak quarterly earnings resulted from lower average realized crude oil and natural gas liquid prices.
Chord Energy Corporation Price, Consensus and EPS Surprise
Oil production averaged 156.7 thousand barrels per day (MBopd), up from 118.1 MBopd in the prior-year quarter. Total production was 281.9 thousand barrels of oil equivalent per day (MBoepd), up from 207.2 MBoepd in the prior-year quarter.
Natural gas production was recorded at 425.9 million cubic feet per day (MMcf/D), up from 291.5 MMcf/D a year ago. Natural gas liquids production totaled 54.1 MBbls/d, higher than the year-ago figure of 40.5 MBbls/d.
Realized Prices
The average realized crude oil price was $61.62 per barrel, a decrease from the year-ago figure of $78.89.
The average realized natural gas price was $1.10 per thousand cubic feet, up from 67 cents in the year-ago quarter. Realized natural gas liquids price decreased to $5.80 per barrel from the year-ago quarter’s $9.99.
Total Expenses
Lease operating expenses totaled $257 million, up from $176.6 million reported in the year-ago quarter. Gathering, processing and transportation expenses increased to $74.1 million from $63.1 million in the comparable period of 2024.
Total operating expenses totaled $1,583.3 million, up from $987.1 million in the year-ago quarter.
Balance Sheet & Liquidity
As of June 30, 2025, Chord Energy held cash and cash equivalents of $40.5 million. Long-term debt was $918.9 million. Liquidity stood at $1.83 billion, including credit facility availability.
Capital expenditure amounted to $355.6 million, which was at the low end of the expected range.
Outlook for 2025
For 2025, Chord Energy expects oil production of 151.8-154.1 MBopd and a total production of 272.5-278.3 MBoepd.
Chord Energy expects adjusted EBITDA of $2.4 billion and an adjusted free cash flow of $850 million for the year. The company expects E&P and other capex between $1.32 billion and $1.38 billion. It plans to complete 115-135 gross operated wells in the third quarter of 2025.
Zacks Rank & Other Key Picks
Chord Energy currently carries a Zacks Rank #3 (Hold).
Antero Midstream generates a stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company prioritizes debt reduction by effectively utilizing free cash flow after dividends. Antero Midstream’s higher dividend yield compared with its sub-industry peers reflects its commitment to generating shareholder returns.
AM’s earnings beat estimates in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 1.13%.
Enbridge is a major energy company that owns the longest and most complex oil and gas pipeline system in North America, transporting about 20% of the natural gas used in the United States. The business earns steady fees through long-term contracts that act as a protection against big oil price swings or changes in shipment.
ENB’s earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 5.61%.
Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. It is one of the largest wholesale distributors of distillates such as home heating oil, diesel and kerosene, gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers in New England.
GLP’s earnings beat estimates in two of the trailing four quarters and missed the same twice, delivering an average surprise of 345.7%. The Zacks Consensus Estimate for GLP’s 2025 earnings indicates 23.24% year-over-year growth.
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Chord Energy Stock Dips 2.6% Since Q2 Earnings Miss Estimates
Key Takeaways
Chord Energy Corporation (CHRD - Free Report) shares have declined 2.6% since reporting second-quarter 2025 results on Aug. 6, after the closing bell. The underperformance can be attributed to weaker-than-expected earnings and a $539-million goodwill impairment overshadowing production growth and guidance.
Q2 Results
The company reported second-quarter 2025 adjusted earnings of $1.79 per share, which missed the Zacks Consensus Estimate of $1.88. The bottom line significantly declined from the year-ago quarter’s $4.69.
On a GAAP basis, the company reported a net loss of $6.77 per share due to a $539-million non-cash goodwill impairment charge.
Total quarterly revenues of $1,181 million lagged the Zacks Consensus Estimate of $1,295 million. The top line declined from the prior year’s $1,261 million.
Weak quarterly earnings resulted from lower average realized crude oil and natural gas liquid prices.
Chord Energy Corporation Price, Consensus and EPS Surprise
Chord Energy Corporation price-consensus-eps-surprise-chart | Chord Energy Corporation Quote
Operational Performance of CHRD
Oil production averaged 156.7 thousand barrels per day (MBopd), up from 118.1 MBopd in the prior-year quarter. Total production was 281.9 thousand barrels of oil equivalent per day (MBoepd), up from 207.2 MBoepd in the prior-year quarter.
Natural gas production was recorded at 425.9 million cubic feet per day (MMcf/D), up from 291.5 MMcf/D a year ago. Natural gas liquids production totaled 54.1 MBbls/d, higher than the year-ago figure of 40.5 MBbls/d.
Realized Prices
The average realized crude oil price was $61.62 per barrel, a decrease from the year-ago figure of $78.89.
The average realized natural gas price was $1.10 per thousand cubic feet, up from 67 cents in the year-ago quarter. Realized natural gas liquids price decreased to $5.80 per barrel from the year-ago quarter’s $9.99.
Total Expenses
Lease operating expenses totaled $257 million, up from $176.6 million reported in the year-ago quarter. Gathering, processing and transportation expenses increased to $74.1 million from $63.1 million in the comparable period of 2024.
Total operating expenses totaled $1,583.3 million, up from $987.1 million in the year-ago quarter.
Balance Sheet & Liquidity
As of June 30, 2025, Chord Energy held cash and cash equivalents of $40.5 million. Long-term debt was $918.9 million. Liquidity stood at $1.83 billion, including credit facility availability.
Capital expenditure amounted to $355.6 million, which was at the low end of the expected range.
Outlook for 2025
For 2025, Chord Energy expects oil production of 151.8-154.1 MBopd and a total production of 272.5-278.3 MBoepd.
Chord Energy expects adjusted EBITDA of $2.4 billion and an adjusted free cash flow of $850 million for the year. The company expects E&P and other capex between $1.32 billion and $1.38 billion. It plans to complete 115-135 gross operated wells in the third quarter of 2025.
Zacks Rank & Other Key Picks
Chord Energy currently carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector may look at some better-ranked stocks like Antero Midstream Corporation (AM - Free Report) , Enbridge Inc. (ENB - Free Report) and Global Partners LP (GLP - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Antero Midstream generates a stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company prioritizes debt reduction by effectively utilizing free cash flow after dividends. Antero Midstream’s higher dividend yield compared with its sub-industry peers reflects its commitment to generating shareholder returns.
AM’s earnings beat estimates in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 1.13%.
Enbridge is a major energy company that owns the longest and most complex oil and gas pipeline system in North America, transporting about 20% of the natural gas used in the United States. The business earns steady fees through long-term contracts that act as a protection against big oil price swings or changes in shipment.
ENB’s earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 5.61%.
Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. It is one of the largest wholesale distributors of distillates such as home heating oil, diesel and kerosene, gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers in New England.
GLP’s earnings beat estimates in two of the trailing four quarters and missed the same twice, delivering an average surprise of 345.7%. The Zacks Consensus Estimate for GLP’s 2025 earnings indicates 23.24% year-over-year growth.