Chord Energy Corporation reported strong financial and operating results for the fourth quarter and full-year 2024 on February 25, 2025. The company exceeded its 4Q24 guidance for oil, NGL, and natural gas volumes, with oil production reaching 153.3 MBopd. Adjusted Free Cash Flow for the quarter was $276.9 million, contributing to a full-year Adjusted Free Cash Flow of $1,005.1 million.
The company's Board of Directors increased the base dividend to $1.30 per share of common stock, a 4% increase from the previous dividend, payable on March 26, 2025. Chord repurchased 1,604,011 shares for $205.0 million in Q4 2024, representing 100% of shareholder returns after the base dividend. For the full year 2024, Chord returned $944 million to shareholders on a pro forma basis.
Chord Energy issued its 2025 outlook, consistent with the three-year outlook announced in November 2024, targeting oil volumes of 152-153 MBopd with $1.4 billion in capital expenditures. The company expects to generate approximately $860 million of Adjusted Free Cash Flow in 2025 at $70/Bbl WTI and $3.50/MMBtu Henry Hub. The borrowing base for its credit facility was redetermined to $2.75 billion, with elected commitments increasing to $2.0 billion.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.