U.S. Shale E&P Stocks' Q1 Earnings: Crescent Energy Vs The Rest Of The Pack

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2▲0 ▼5Impact / 5
Summary · why it matters

U.S. shale E&P stocks reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 2.7% as a group. Crescent Energy posted revenues of $1.18 billion, up 24.5% year on year, in line with expectations, but its stock fell 30.9% since reporting. Chord Energy was the best performer, with revenues of $1.67 billion beating estimates by 33.1%, though its shares still dropped 22.6%. Texas Pacific Land had the weakest quarter, missing revenue and EBITDA estimates, and its stock declined 1.3%. Matador Resources saw revenues fall 33.8% year on year to $671.6 million, missing estimates by 23%, and its shares fell 15.2%. Riley Exploration Permian beat revenue estimates by 4.4% with $113.9 million, but missed on EBITDA and EPS, and its stock slipped 3.3%. On average, share prices of the tracked companies are down 14.7% since their latest earnings results.

Impact on assets 5

Energy▼ · 5 stocks
Chord Energy Corp
CHRD
▼ NegativeCapitalrelevance

Chord Energy beat revenue estimates but its shares dropped 22.6% since earnings, indicating negative market reaction to earnings results.

Crescent Energy Co
CRGY
▼ NegativeCapitalrelevance

Crescent Energy posted in-line revenues but its stock fell 30.9% since reporting, reflecting negative market sentiment on earnings.

Matador Resources Company
MTDR
▼ NegativeCapitalrelevance

Matador Resources saw revenues fall 33.8% YoY and missed estimates by 23%, with shares down 15.2% since earnings.

Riley Exploration Permian Inc
REPX
▼ NegativeCapitalrelevance

Riley Exploration Permian beat revenue estimates but missed on EBITDA and EPS, with stock slipping 3.3% since earnings.

Texas Pacific Land Corporation
TPL
▼ NegativeCapitalrelevance

Texas Pacific Land had the weakest quarter, missing revenue and EBITDA estimates, with stock declining 1.3% since earnings.

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