Cash G&A expenses were $22 million, below guidance, with a $7 million reduction in full-year guidance due to synergy and efficiency gains.
Chord Energy delivered strong Q2 2025 results with adjusted free cash flow of approximately $141 million, exceeding expectations.
Lease operating expenses (LOE) were $10.02 per Boe, at the higher end of guidance due to increased workover costs after Q1 weather disruptions.
Net debt was approximately $810 million as of July 31, with net leverage around 0.3x trailing 12 months, and liquidity of about $1.8 billion.
Oil volumes were above the top end of guidance due to strong execution, well performance, and reduced downtime.
Production taxes averaged 7.3% of commodity sales, below expectations due to nonrecurring stripper well refunds.
Returned 92% of free cash flow to shareholders, including a base dividend of $1.30 per share and significant share repurchases reducing share count by about 10%.