Chord Energy Reports Q3 Non-GAAP EPS of $6.08, Beating Estimates Amid Revenue Miss
Chord Energy (CHRD) reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $6.08, which exceeded analyst expectations by $0.33. Despite the earnings beat, the company's revenue of $1.71 billion fell short of estimates by approximately $60 million, although it represented a significant 30.5% increase year-over-year. Capital expenditures for the quarter were reported at $371 million. After adjusting for specific reimbursable non-operating and Marcellus CapEx, spending was slightly below the midpoint of the company's previous guidance. The results highlight a period of strong top-line growth compared to last year, even as revenue missed immediate market expectations.
Tickers: $CHRD
Topics: capital expenditure earnings beat non-GAAP EPS revenue miss