Chord Energy (NASDAQ:CHRD) Full Year 2024 Results
Key Financial Results
- Revenue: US$4.92b (up 35% from FY 2023).
- Net income: US$845.1m (down 17% from FY 2023).
- Profit margin: 17% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$16.32 (down from US$24.59 in FY 2023).
CHRD Production and Reserves
Oil reserves- Proven reserves: 503.4 MMbbls.
- Proven reserves: 1274.7 Bcf.
- Proven reserves: 167.2 MMbbls.
- Oil equivalent production: 84.954 MMboe (63.3 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chord Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%.
Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.3%.
Performance of the American Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Chord Energy (1 is potentially serious!) that you should be aware of.
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About NasdaqGS:CHRD
Chord Energy
Operates as an independent exploration and production company in the United States.
Undervalued with adequate balance sheet and pays a dividend.
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