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Chord Energy Stock Rises Marginally Since Q3 Earnings Beat
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Key Takeaways
Chord Energy posted Q3 adjusted earnings of $2.35 per share, beating the consensus estimate.
Revenue of $1.31B exceeded expectations but declined from $1.45B in the prior-year period.
Total output held steady at 280.9 MBoE/D as lower oil volumes offset stronger natural gas pricing.
Chord Energy Corporation (CHRD - Free Report) gained a marginal 0.7% since reporting better-than-expected third-quarter 2025 results on Nov. 4. Lower operating costs and favorable oil equivalent production probably backed the outperformance.
The exploration and production player reported third-quarter adjusted earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.24. The bottom line, however, declined from the year-ago quarter’s level of $3.40.
Total quarterly revenues of $1,312.1 million beat the Zacks Consensus Estimate of $993.8 million. However, the top line decreased from the prior-year level of $1,450.5 million.
CHRD’s total production in the third quarter was 280.9 thousand barrels of oil equivalent per day (MBoE/D), almost in line with the 280.8 MBoE/D recorded a year ago.
Oil production (accounting for 55.4% of the total production) in the quarter amounted to 155.7 thousand barrels per day (MBbl/D), down from 158.8 MBbl/D registered in the year-ago period.
Natural gas production was 420.1 million cubic feet per day MMcf/D, down from 421.8 MMcf/D recorded a year ago.
Realized Prices (Excluding Derivative Realized)
Average sales prices for natural gas increased to 81 cents per Mcf from 44 cents recorded a year ago.
The company’s oil price realization in the quarter was $63.59 per barrel (Bbl), lower than $73.51 a year ago.
Operating Expenses
Total operating expenses decreased to $1,140.9 million from $1,174.6 million in the year-ago period.
Notably, lease operating costs were $248.6 million, up from $247.1 million recorded in the year-ago quarter. The purchased oil and gas expenses were $340.9 million, higher than the prior-year recorded figure of $329.6 million.
Capex & Financials
In the third quarter, Chord Energy spent $333.7 million on exploration & production and other operations. As of Sept. 30, 2025, CHRD had a total debt of $1.5 billion.
Outlook
Chord Energy’s production guidance for 2025 is in the band of 275.6 MBoE/D to 278.1 MBoE/D. For the December quarter, CHRD expects production in the band of 268.7 MBoE/D to 278.7 MBoE/D.
Moreover, the company, currently carrying a Zacks Rank #4 (Sell), projects full-year oil production of 153.8-154.8 MBbl/D. For the fourth quarter, CHRD expects oil production in the range of 149 MBbl/D to 153 MBbl/D. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Chord Energy Stock Rises Marginally Since Q3 Earnings Beat
Key Takeaways
Chord Energy Corporation (CHRD - Free Report) gained a marginal 0.7% since reporting better-than-expected third-quarter 2025 results on Nov. 4. Lower operating costs and favorable oil equivalent production probably backed the outperformance.
The exploration and production player reported third-quarter adjusted earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.24. The bottom line, however, declined from the year-ago quarter’s level of $3.40.
Total quarterly revenues of $1,312.1 million beat the Zacks Consensus Estimate of $993.8 million. However, the top line decreased from the prior-year level of $1,450.5 million.
We’re now nearing the close of the earnings season, with energy giants like Exxon Mobil Corporation (XOM - Free Report) and Chevron Corporation (CVX - Free Report) already having reported. Both ExxonMobil and Chevron topped the Zacks Consensus Estimate for earnings. For more details, read our blogs: ExxonMobil Beats Q3 Earnings Estimates, Boosts Dividend Again & Chevron Q3 Earnings Beat Estimates as Production Hits Record.
Overall Production
CHRD’s total production in the third quarter was 280.9 thousand barrels of oil equivalent per day (MBoE/D), almost in line with the 280.8 MBoE/D recorded a year ago.
Oil production (accounting for 55.4% of the total production) in the quarter amounted to 155.7 thousand barrels per day (MBbl/D), down from 158.8 MBbl/D registered in the year-ago period.
Natural gas production was 420.1 million cubic feet per day MMcf/D, down from 421.8 MMcf/D recorded a year ago.
Realized Prices (Excluding Derivative Realized)
Average sales prices for natural gas increased to 81 cents per Mcf from 44 cents recorded a year ago.
The company’s oil price realization in the quarter was $63.59 per barrel (Bbl), lower than $73.51 a year ago.
Operating Expenses
Total operating expenses decreased to $1,140.9 million from $1,174.6 million in the year-ago period.
Notably, lease operating costs were $248.6 million, up from $247.1 million recorded in the year-ago quarter. The purchased oil and gas expenses were $340.9 million, higher than the prior-year recorded figure of $329.6 million.
Capex & Financials
In the third quarter, Chord Energy spent $333.7 million on exploration & production and other operations. As of Sept. 30, 2025, CHRD had a total debt of $1.5 billion.
Outlook
Chord Energy’s production guidance for 2025 is in the band of 275.6 MBoE/D to 278.1 MBoE/D. For the December quarter, CHRD expects production in the band of 268.7 MBoE/D to 278.7 MBoE/D.
Moreover, the company, currently carrying a Zacks Rank #4 (Sell), projects full-year oil production of 153.8-154.8 MBbl/D. For the fourth quarter, CHRD expects oil production in the range of 149 MBbl/D to 153 MBbl/D. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.