Stock Analysis
- United States
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- Oil and Gas
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- NasdaqGS:CHRD
Chord Energy First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Chord Energy (NASDAQ:CHRD) First Quarter 2024 Results
Key Financial Results
- Revenue: US$1.02b (up 22% from 1Q 2023).
- Net income: US$198.5m (down 33% from 1Q 2023).
- Profit margin: 19% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$4.79 (down from US$7.13 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chord Energy Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 3.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Chord Energy you should know about.
Valuation is complex, but we're helping make it simple.
Find out whether Chord Energy is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:CHRD
Chord Energy
Operates as an independent exploration and production company in the United States.
Flawless balance sheet, undervalued and pays a dividend.