Chord energy reports first quarter 2025 financial and operating results, declares base dividend and issues updated outlook

Houston , may 6, 2025 /prnewswire/ -- chord energy corporation (nasdaq: chrd) ("chord", "chord energy" or the "company") today reported financial and operating results for the first quarter 2025. key takeaways and updates: strong performance: solid execution and asset performance, combined with disciplined cost control delivered cash flow from operations and adjusted free cash flow(1) above expectations; shareholder returns: returned 100% of adjusted free cash flow(1) to shareholders through share repurchases after declaring base dividend of $1.30 per share; stock repurchases: repurchased $216.5mm of common stock at an average price of $108.54/share; operational success: executed first 4-mile turn-in-line ("til") with well costs below budget; financial flexibility: issued $750mm of 2033 senior notes at 6.75%, enhancing liquidity to over $1.9b with leverage at 0.3x; and 2025 outlook: reducing activity in accordance with original 2025 operating plan, while closely monitoring the macro environment.
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