CHRD - Chord Energy Non-GAAP EPS of $2.90 misses by $1.39 revenue of $943.9M beats by $267.21M

2023-05-03 16:13:10 ET

• Chord Energy press release ( NASDAQ: CHRD ): Q1 Non-GAAP EPS of $2.90 misses by $1.39 .
• Revenue of $943.9M (+44.1% Y/Y) beats by $267.21M .
• Record revenues from solar segment of $908.5 million

• The Company also provides guidance for the second quarter ending June 30, 2023 as follows:

  • Revenues to be within the range of $970 million to $1,010 million
  • Non-GAAP gross margin expected to be within the range of 32% to 35%
  • Non-GAAP operating profit to be within the range of $195 million to $215 million
  • Revenues from the solar segment to be within the range of $930 million to $980 million
  • Gross margin from the solar segment expected to be within the range of 34% to 37%

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