Oil and gas producer Chord Energy (NASDAQ: CHRD) will be reporting earnings this Wednesday after market close. Here’s what investors should know.

Chord Energy beat analysts’ revenue expectations last quarter, reporting revenues of $1.67 billion, up 37.1% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates. It reported year-on-year oil production per day growth of 2.8%.

Is Chord Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Chord Energy’s revenue to grow 39.6% year on year, a reversal from the 6.4% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Chord Energy rarely misses Wall Street’s revenue estimates.

Looking at Chord Energy’s peers in the u.s. shale e&p segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Cactus delivered year-on-year revenue growth of 64.3%, beating analysts’ expectations by 12.3%, and Crescent Energy reported revenues up 55.3%, topping estimates by 7.1%. Cactus traded up 18.5% following the results.

Read our full analysis of Cactus’s results here and Crescent Energy’s results here.

There has been positive sentiment among investors in the u.s. shale e&p segment, with share prices up 6% on average over the last month. Chord Energy is up 25.5% during the same time and is heading into earnings with an average analyst price target of $165.67 (compared to the current share price of $140.05).

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