Chord Expects To Generate ~$1.73B Of Adjusted EBITDA And $800M Of Adjusted Free Cash Flow, With A Reinvestment Rate Of ~50%
Portfolio Pulse from Benzinga Newsdesk
Chord has updated its full-year 2023 outlook, expecting to generate approximately $1.73B of Adjusted EBITDA and $800MM of Adjusted Free Cash Flow, with a reinvestment rate of approximately 50%. Changes to the outlook include increased volume projections, higher E&P and other CapEx, adjusted commodity price differentials, increased LOE per BOE, and lowered Cash G&A. Chord expects cash taxes to range between 0% – 10% of Adjusted EBITDA in 4Q23.
November 01, 2023 | 8:57 pm
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Chord's updated outlook for FY23 indicates strong financial performance with increased volume projections and adjusted commodity prices. However, higher E&P and other CapEx could impact profitability.
Chord's updated outlook indicates a strong financial performance with increased volume projections and adjusted commodity prices, which could drive the stock price up. However, the increase in E&P and other CapEx could potentially impact profitability, which investors should monitor closely.
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IMPORTANCE 80
RELEVANCE 100