Chord Energy Q3 net income rises to $225.3 million; raises 2024 oil volume outlook
Chord Energy reported third-quarter 2024 net income of $225.3 million, up from $209.1 million a year earlier, on total revenues of $1.45 billion. The company raised its full-year 2024 oil volume guidance, lowered its capital guidance by $10 million, and authorized a new $750 million share repurchase program, which matters to shareholders because it signals more cash returned to them, though diluted EPS of $3.59 was below $4.77 a year earlier.
Key points
- Net income was $225.3 million ($3.59 diluted per share), versus $209.1 million ($4.77 diluted per share) in third quarter 2023.
- Total revenues were $1.45 billion, up from $1.12 billion a year earlier; adjusted EBITDA was $674.5 million.
- FY24 pro forma oil volume midpoint raised 0.6 MBopd to 152.7 MBopd; FY24 capital guidance cut $10 million to $1.48 billion.
- Company repurchased $146.0 million of stock in the quarter and declared a $1.44 per share dividend, payable December 12, 2024.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.