Chord Energy’s Review Following Q1 Earnings
<p><a href='https://financialmodelingprep.com/financial-summary/CHRD'>Chord Energy Corporation (NASDAQ:CHRD)</a> shares rose around 11% since the company’s reported Q1 results earlier this month, with revenue of $943.9 million coming in significantly above the Street estimate of $714.49 million. EPS was ($0.24), compared to the Street estimate of $4.30. </p>
<p>According to the analysts at RBC Capital, the company’s leading free cash flow profile and cash position should provide strong return along with the ability to compete for accretive M&A opportunities. </p>
<p>The analysts believe shareholder returns could start to be more balanced with buybacks, but a leading dividend likely remains the case as well. The analysts see a nice path during H2/23 where capital spending tapers as production ramps higher.</p>

NASDAQ:CHRD