Compared to Estimates, Chord Energy Corporation (CHRD) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, Chord Energy Corporation (CHRD) reported revenue of $964.69 million, down 5% over the same period last year. EPS came in at $5.25, compared to $5.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $891.67 million, representing a surprise of +8.19%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $5.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chord Energy Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total average daily production: 183,800 BOE/D compared to the 178,004.7 BOE/D average estimate based on four analysts.
Production data - Oil: 106,200 BBL/D versus 103,593.4 BBL/D estimated by three analysts on average.
Production data - Natural gas: 236,500 Mcf/D versus 228,775.3 Mcf/D estimated by three analysts on average.
Production data - NGL: 38,100 Bbls versus 36,083.6 Bbls estimated by three analysts on average.
Average sales prices - Crude oil, with derivative settlements: $72.72 versus the two-analyst average estimate of $73.57.
Average sales prices - NGL, without derivative settlements: $13.09 versus the two-analyst average estimate of $15.35.
Average sales prices - Natural gas, without derivative settlements: $1.06 versus the two-analyst average estimate of $1.32.
Average sales prices - Crude oil, without derivative settlements: $77.88 versus $79.35 estimated by two analysts on average.
View all Key Company Metrics for Chord Energy Corporation here>>>
Shares of Chord Energy Corporation have returned +7.9% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Chord Energy Corporation (CHRD) : Free Stock Analysis Report
