Chord Energy Updates FY24 Guidance To Reflect Completion Of Combination With Enerplus And Remains On Target With Its 2024 Plan
Portfolio Pulse from Benzinga Newsdesk
Chord Energy has updated its FY24 guidance following its combination with Enerplus. The company expects to generate $2.9B in Adjusted EBITDA and $1.2B in Adjusted Free Cash Flow, with a reinvestment rate of 55%.
August 07, 2024 | 8:39 pm
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Chord Energy has updated its FY24 guidance following its combination with Enerplus. The company expects to generate $2.9B in Adjusted EBITDA and $1.2B in Adjusted Free Cash Flow, with a reinvestment rate of 55%.
The updated guidance reflects the positive financial impact of the combination with Enerplus, indicating strong future performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100