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Chord Energy Updates FY24 Guidance To Reflect Completion Of Combination With Enerplus And Remains On Target With Its 2024 Plan

Author: Benzinga Newsdesk | August 07, 2024 04:39pm

Chord expects to generate approximately $2.9B of Adjusted EBITDA and $1.2B of Adjusted Free Cash Flow on a pro forma basis in FY24, with a reinvestment rate of approximately 55% (actual prices for 1H24 and $80/Bbl WTI and $2.50/MMBtu Henry Hub for 2H24).

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