Earnings ·
Chord Energy reports Q3 EPS of $3.29, declares $1.30/share dividend
CHRDChord Energy Corp
Chord Energy reported third-quarter net income of $181.6 million, or $3.29 per diluted share, driven by oil volumes of 165.5 thousand barrels per day that exceeded guidance. The company declared a base cash dividend of $1.30 per share, payable December 7 to record holders on November 19. Chord also announced the divestiture of non-operated Marcellus assets for $550 million in gross consideration and raised its full-year oil volume guidance by approximately one percent to 162.5 thousand barrels per day. The independent exploration and production company operates primarily in the Williston Basin.