CHRD Dividend -- November 7, 2022

This site has been known to make errors (?).

Is this accurate? If so, still time to buy.

This is not an investment site. No recommendation. Usual disclaimer applies.

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It's Accurate 

See press release. 

• Produced 172.5 MBoe/d in 3Q22, above the high-end of guidance released in August 2022. Oil volumes of 96.2 MBo/d exceeded the mid-point of the guidance;
• E&P and other CapEx was $230.1MM in 3Q22, below the low-end of August 2022 guidance largely due to timing. Full year 2022 CapEx guidance is unchanged;
• Combined LOE and GPT costs were below the mid-point of August 2022 guidance;
• Net cash provided by operating activities was $783.6MM and net income from continuing operations was $941.6MM;
• Adjusted EBITDA(1) was $564.6MM and Adjusted Free Cash Flow(1) was $325.7MM;
• Total return of capital for 3Q22 set at 85% of Adjusted Free Cash Flow;
• Declared a base-plus-variable cash dividend of $3.67 per share of common stock. The dividend will be payable on November 29, 2022 to shareholders of record as of November 15, 2022;
• Repurchased approximately $125MM, or approximately 1.2MM shares during 3Q22 at a weighted average price per share of $106.25;
• Cash of $658.9MM exceeded debt of $400.0MM, as of September 30, 2022;
• Monetized 16MM units of Crestwood Equity Partners LP (NASDAQ: CEQP) ("Crestwood") for net proceeds (pre-tax) of $428.2MM. As of September 30, 2022, Chord owned approximately 5MM Crestwood units (less than 5% of Crestwood's units outstanding);
• Received $13.7MM distributions from Crestwood in 3Q22 (included in Adjusted EBITDA); Progressed integration activities associated with the merger. Chord continues to expect approximately $100MM or more of combined capital, operating and G&A synergies;

The company:

Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the quarter ending September 30, 2022, declared base and variable dividends and provided an updated outlook for the business. The Company completed the merger of equals transaction between Oasis Petroleum Inc. ("Oasis") and Whiting Petroleum Corporation ("Whiting") on July 1, 2022. The results for the third quarter of 2022 discussed within this release represent the consolidated results for Chord. The results for the nine months ended September 30, 2022 include the consolidated results for Chord for the third quarter of 2022 plus the results of legacy Oasis for the period prior to completion of the merger of equals on July 1, 2022, unless otherwise noted.

This is not a recommendation, this is not an investment site, but I'm building a position in CHRD as fast as I can. 

Is this the "DVN" in the Bakken?