Shares of Chord Energy Corp (CHRD) surged 5.93% in after-hours trading on Tuesday, following the release of the company's strong fourth quarter and full-year 2024 financial results.
Chord Energy reported better-than-expected Q4 adjusted earnings of $3.49 per diluted share, compared to analysts' estimates of $2.77. The company's revenue of $1.45 billion also exceeded expectations of $1.13 billion. The strong results were driven by higher oil volumes and solid cost control.
Additionally, Chord Energy announced a 4% increase in its quarterly base dividend to $1.30 per share, reflecting the company's strong cash flow generation and commitment to returning capital to shareholders. The company also repurchased $205 million worth of shares in Q4, representing around 3.5% of outstanding shares since closing the Enerplus combination.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。