Recent News
On August 6, 2025 Chord Energy reported second-quarter 2025 financial and operating results, declared a base dividend of $1.30 per share and announced an expanded share-repurchase program. On September 16, 2025 the company announced an upsized private placement of senior unsecured notes totaling $750 million to fund a pending Williston Basin asset acquisition from XTO Energy and for general corporate purposes. On October 2, 2025 Chord released its 2024 Sustainability Report highlighting operational execution, Enerplus integration and emissions-reduction initiatives.
Technical Analysis
ADX / DI+/DI-: ADX at 11.39 indicates absence of a sustained trend; DI+ shows a peak-and-reverse, signaling reduced bullish directional pressure, while DI- shows a peak-and-reverse, signaling reduced bearish directional pressure—the offsetting DI signals in the context of low ADX imply limited near-term directional conviction and favor range-bound price action unless trend strength increases.
MACD: MACD at -1.19 and decreasing with the MACD below the signal line (-0.71) signals bearish momentum; that momentum profile weighs against breakout attempts and supports a near-term bias toward consolidation beneath recent moving averages.
MRO (Momentum/Regression Oscillator): MRO at -25.76 (negative) with a dip-and-reversal indicates the price sits below the model target and carries bullish mean-reversion potential toward fair-value references, which complements the fundamental valuation that labels the stock under-valued.
RSI: RSI at 49.43 and falling indicates momentum tipping lower from midrange levels, consistent with short-term seller tilt while not yet reaching oversold extremes.
Price Structure & Averages: Last close $99.69 sits below the 20-day average ($101.57), 50-day average ($103.82) and 200-day average ($102.59), creating technical resistance in the $101–$104 area. Price trades near the 1x lower Bollinger band ($98.84), suggesting limited immediate downside within the current volatility band. Ichimoku components (Tenkan $102.19; Kijun $104.47; SenkouA $104.03; SenkouB $102.30) place price below the conversion and baseline and below the cloud, reinforcing a short-term resistance ceiling while leaving room for mean reversion toward the cloud if momentum improves.
Volume & Volatility: Recent volume (707,307) sits below 10/50/200-day averages (796k–854k range) and 42-day volatility low (0.02), indicating lower conviction moves; absence of expanding volume reduces the chance of decisive trend breaks in the immediate window.
Fundamental Analysis
Profitability & Earnings: Total revenue $1,180,560,000 and operating income $139,247,000 produce an operating margin of 11.80%. EBIT registered at -$316,901,000, yielding an EBIT margin of -26.84%, which compares to an industry peer mean of +36.68% and remains materially below peer metrics. Net income of -$389,905,000 reflects a significant non-cash goodwill impairment disclosed in the quarter, while adjusted operating cash flow measured at $419,810,000 supports operating liquidity despite GAAP loss.
Cash Flow & Returns: Free cash flow reported at $24,335,000 and operating cash flow of $419,810,000 indicate positive cash generation from operations; free-cash-flow yield at 0.41% declined sharply QoQ by 93.00%. Dividend payments totaled -$82,382,000; the company declared a $1.30 base dividend per the August release, and repurchased $55.0 million of common stock in 2Q25 with additional repurchases disclosed through early August, reflecting a strong cash-return emphasis in the quarter. WMDST notes the company’s cash returns align with the stated capital-allocation policy.
Balance Sheet & Leverage: Cash on hand $40,487,000 and net debt $878,414,000 produce conservative debt-to-assets of 8.69% and debt-to-equity of 13.47%, but debt-to-EBITDA registers at 18.15x due to depressed EBITDA scaling; interest coverage is negative at -16.87x, reflecting earnings weakness versus interest expense. Current ratio stands at 0.97 and quick ratio at 0.90, indicating limited short-term liquidity cushion absent ongoing operating cash generation.
Growth & Efficiency: Revenue growth at -2.84% year-over-year with QoQ revenue change unfavourable at -82.77% underscores sequential pressures; asset turnover at 0.092 (slightly below the industry peer mean of 0.1067) shows low capital velocity given asset base scale. Earnings growth shows a YoY increase of 592.79% in the provided series, but QoQ earnings growth reads -453.404%, highlighting quarter-to-quarter volatility driven by non-cash items and commodity exposures.
Valuation Context: Price-to-book at 0.73 sits below the industry peer mean of 2.15, and EV/Revenue (EVR) measures 5.91. Forward P/E runs near 28.04 while trailing P/E shows 57.71; those multiples reflect earnings variability and the recent impairment. The current valuation, as determined by WMDST, classifies the stock as under-valued relative to its operational cash-generation potential and reported capital returns, subject to balance-sheet and commodity-price risk.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 35.8 M |
| Operating Cash Flow | $ 419.8 M | |
| Capital Expenditures | $ -395.48 M | |
| Change In Working Capital | $ -49.73 M | |
| Dividends Paid | $ -82.38 M | |
| Cash Flow Delta | $ 4.7 M | |
| End Period Cash Flow | $ 40.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.2 B | |
| Forward Revenue | $ -152.95 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.0 B | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.0 B | |
| PROFITABILITY | ||
| Gross Profit | $ 171.8 M | |
| EBITDA | $ 60.1 M | |
| EBIT | $ -316.90 M | |
| Operating Income | $ 139.2 M | |
| Interest Income | — | |
| Interest Expense | $ 18.8 M | |
| Net Interest Income | $ -18.79 M | |
| Income Before Tax | $ -335.69 M | |
| Tax Provision | $ 54.2 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -389.90 M | |
| Net Income From Continuing Operations | $ -389.90 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.88 | |
| EPS Actual | $ 1.79 | |
| EPS Difference | $ -0.09 | |
| EPS Surprise | -4.787 % | |
| Forward EPS | $ 3.50 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 12.5 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 8.1 B | |
| Total Current Assets | $ 1.5 B | |
| Cash and Short-Term Investments | $ 40.5 M | |
| Cash | $ 40.5 M | |
| Net Receivables | $ 1.0 B | |
| Inventory | $ 102.0 M | |
| Long-Term Investments | $ 49.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 74.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.6 B | |
| Net Debt | $ 878.4 M | |
| Total Debt | $ 1.1 B | |
| Total Liabilities | $ 4.5 B | |
| EQUITY | ||
| Total Equity | $ 8.1 B | |
| Retained Earnings | $ 2.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 140.44 | |
| Shares Outstanding | 57.649 M | |
| Revenue Per-Share | $ 20.48 | |
| VALUATION | Market Capitalization | $ 5.9 B |
| Enterprise Value | $ 7.0 B | |
| Enterprise Multiple | 116.188 | |
| Enterprise Multiple QoQ | 1013.875 % | |
| Enterprise Multiple YoY | 516.654 % | |
| Enterprise Multiple IPRWA | CHRD: 116.188 high: 97.326 mean: 23.391 median: 22.553 low: -28.513 |
|
| EV/R | 5.915 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.55 | |
| Asset To Liability | 2.819 | |
| Debt To Capital | 0.119 | |
| Debt To Assets | 0.087 | |
| Debt To Assets QoQ | 17.267 % | |
| Debt To Assets YoY | 1802.188 % | |
| Debt To Assets IPRWA | high: 0.47 mean: 0.163 median: 0.099 CHRD: 0.087 low: 0.003 |
|
| Debt To Equity | 0.135 | |
| Debt To Equity QoQ | 19.943 % | |
| Debt To Equity YoY | 1884.094 % | |
| Debt To Equity IPRWA | high: 1.386 mean: 0.321 median: 0.157 CHRD: 0.135 low: -0.274 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.733 | |
| Price To Book QoQ | 6.352 % | |
| Price To Book YoY | -36.187 % | |
| Price To Book IPRWA | high: 40.027 median: 2.223 mean: 2.152 CHRD: 0.733 low: -0.64 |
|
| Price To Earnings (P/E) | 57.709 | |
| Price To Earnings QoQ | 131.631 % | |
| Price To Earnings YoY | 65.915 % | |
| Price To Earnings IPRWA | high: 164.776 CHRD: 57.709 mean: 55.097 median: 50.88 low: 8.944 |
|
| PE/G Ratio | -1.036 | |
| Price To Sales (P/S) | 5.025 | |
| Price To Sales QoQ | 2.823 % | |
| Price To Sales YoY | -37.598 % | |
| Price To Sales IPRWA | high: 47.131 median: 12.14 mean: 11.788 CHRD: 5.025 low: 1.605 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 28.036 | |
| Forward PE/G | -0.503 | |
| Forward P/S | -38.786 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 71.386 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.092 | |
| Asset Turnover Ratio QoQ | -0.998 % | |
| Asset Turnover Ratio YoY | -26.226 % | |
| Asset Turnover Ratio IPRWA | high: 0.326 median: 0.115 mean: 0.107 CHRD: 0.092 low: 0.002 |
|
| Receivables Turnover | 1.154 | |
| Receivables Turnover Ratio QoQ | -1.936 % | |
| Receivables Turnover Ratio YoY | -18.866 % | |
| Receivables Turnover Ratio IPRWA | high: 2.676 median: 2.09 mean: 2.061 CHRD: 1.154 low: 1.041 |
|
| Inventory Turnover | 9.802 | |
| Inventory Turnover Ratio QoQ | 15.278 % | |
| Inventory Turnover Ratio YoY | -14.288 % | |
| Inventory Turnover Ratio IPRWA | high: 18.977 CHRD: 9.802 mean: 3.353 median: 2.08 low: 1.193 |
|
| Days Sales Outstanding (DSO) | 79.064 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 81.332 | |
| Cash Conversion Cycle Days QoQ | 2.816 % | |
| Cash Conversion Cycle Days YoY | 18.154 % | |
| Cash Conversion Cycle Days IPRWA | CHRD: 81.332 high: 65.565 mean: -17.64 low: -24.944 median: -24.944 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -22.296 | |
| CapEx To Revenue | -0.335 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 9.0 B | |
| Net Invested Capital | $ 9.0 B | |
| Invested Capital | $ 9.0 B | |
| Net Tangible Assets | $ 8.1 B | |
| Net Working Capital | $ -52.95 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.026 | |
| Current Ratio | 0.966 | |
| Current Ratio QoQ | 9.1 % | |
| Current Ratio YoY | 1.083 % | |
| Current Ratio IPRWA | high: 6.346 median: 1.786 mean: 1.467 CHRD: 0.966 low: 0.065 |
|
| Quick Ratio | 0.902 | |
| Quick Ratio QoQ | 8.869 % | |
| Quick Ratio YoY | -0.743 % | |
| Quick Ratio IPRWA | high: 2.235 median: 1.606 mean: 1.539 CHRD: 0.902 low: 0.814 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 18.149 | |
| Cost Of Debt | 1.442 % | |
| Interest Coverage Ratio | -16.867 | |
| Interest Coverage Ratio QoQ | -186.395 % | |
| Interest Coverage Ratio YoY | -167.831 % | |
| Interest Coverage Ratio IPRWA | high: 249.305 median: 35.333 mean: 28.306 CHRD: -16.867 low: -50.859 |
|
| Operating Cash Flow Ratio | -0.24 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 8.883 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -4.733 | |
| Dividend Payout Ratio | -0.211 | |
| Dividend Rate | $ 1.43 | |
| Dividend Yield | 0.014 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -3.921 % | |
| Revenue Growth | -2.838 % | |
| Revenue Growth QoQ | -82.772 % | |
| Revenue Growth YoY | -117.558 % | |
| Revenue Growth IPRWA | high: 12.94 % CHRD: -2.838 % median: -8.336 % mean: -9.393 % low: -36.994 % |
|
| Earnings Growth | -55.693 % | |
| Earnings Growth QoQ | -453.404 % | |
| Earnings Growth YoY | 592.785 % | |
| Earnings Growth IPRWA | high: 144.444 % mean: -11.633 % median: -19.164 % low: -55.556 % CHRD: -55.693 % |
|
| MARGINS | ||
| Gross Margin | 14.551 % | |
| Gross Margin QoQ | -52.579 % | |
| Gross Margin YoY | -48.63 % | |
| Gross Margin IPRWA | high: 80.13 % median: 64.444 % mean: 54.57 % low: 18.757 % CHRD: 14.551 % |
|
| EBIT Margin | -26.843 % | |
| EBIT Margin QoQ | -205.615 % | |
| EBIT Margin YoY | -211.474 % | |
| EBIT Margin IPRWA | high: 114.608 % mean: 36.683 % median: 33.651 % CHRD: -26.843 % low: -68.326 % |
|
| Return On Sales (ROS) | 11.795 % | |
| Return On Sales QoQ | -53.592 % | |
| Return On Sales YoY | -51.017 % | |
| Return On Sales IPRWA | high: 93.565 % median: 31.354 % mean: 29.604 % CHRD: 11.795 % low: 4.668 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 24.3 M | |
| Free Cash Flow Yield | 0.41 % | |
| Free Cash Flow Yield QoQ | -93.003 % | |
| Free Cash Flow Yield YoY | -71.147 % | |
| Free Cash Flow Yield IPRWA | high: 7.604 % mean: 0.991 % CHRD: 0.41 % median: 0.368 % low: -7.353 % |
|
| Free Cash Growth | -93.007 % | |
| Free Cash Growth QoQ | -395.899 % | |
| Free Cash Growth YoY | 326.364 % | |
| Free Cash Growth IPRWA | high: 28.866 % mean: -60.088 % median: -70.347 % CHRD: -93.007 % low: -203.311 % |
|
| Free Cash To Net Income | -0.062 | |
| Cash Flow Margin | -32.094 % | |
| Cash Flow To Earnings | 0.972 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -3.046 % | |
| Return On Assets QoQ | -280.772 % | |
| Return On Assets YoY | -244.019 % | |
| Return On Assets IPRWA | high: 22.476 % median: 2.884 % mean: 2.664 % CHRD: -3.046 % low: -11.591 % |
|
| Return On Capital Employed (ROCE) | -2.889 % | |
| Return On Equity (ROE) | -0.048 | |
| Return On Equity QoQ | -288.789 % | |
| Return On Equity YoY | -299.586 % | |
| Return On Equity IPRWA | high: 0.39 median: 0.046 mean: 0.043 CHRD: -0.048 low: -0.277 |
|
| DuPont ROE | -4.665 % | |
| Return On Invested Capital (ROIC) | -2.777 % | |
| Return On Invested Capital QoQ | -212.886 % | |
| Return On Invested Capital YoY | -98.284 % | |
| Return On Invested Capital IPRWA | high: 8.04 % median: 4.145 % mean: 3.931 % CHRD: -2.777 % low: -28.291 % |
|