Chord Energy Corporation

Chord Energy Reports Third Quarter 2026 Financial and Operating Results, Declares Base Dividend, and Updates 2026 Outlook

Chord Energy delivered a strong third quarter with oil volumes of 165.5 MBopd above the top-end of guidance, net income of $181.6MM ($3.29/diluted share) and Adjusted Net Income of $332.9MM ($6.08/diluted share). The company raised FY26 oil volume guidance ~1% to 162.5 MBopd and lifted FY26 Adjusted Free Cash Flow expectations by ~$200MM since August, with run-rate savings now $225MM. Shareholder returns continued with a $1.30/share base dividend, $205MM of Q3 buybacks and another $78MM in Q4-to-date, alongside a $550MM Marcellus divestiture expected to close in 4Q26.

•1h ago

Chord Energy Provides Preliminary 3Q26 Operational and Financial Results

Chord Energy's preliminary 3Q26 results came in above the high end of guidance, with total volumes of 290.5-290.9 MBoepd versus 277.7-284.0 guided and oil, gas and NGL volumes all beating. CapEx of $379-$385MM was in line with guidance. The company announced the divestiture of its non-operated Marcellus assets for total gross consideration of $550MM, including a $55MM deposit paid during the quarter. It also disclosed $205MM of 3Q26 buybacks at an average of $135.74/share plus another $44.3MM quarter-to-date in 4Q26. Chord ended September with $804.7MM of cash and $1,482.2MM of total debt, though results are preliminary and unaudited, and the quarter included a $48.7MM realized hedge loss.

•16d ago

Chord Energy Announces Divestiture of Non-Operated Marcellus Assets

Chord Energy agreed to sell its entire non-operated Marcellus position to POSCO International Corporation for $550MM in gross consideration, with closing expected in Q4 2026 subject to customary conditions. The package spans roughly 32k net acres producing approximately 121 MMcfpd (TTM) of 100% residue gas, and values the assets at about 6x Adjusted EBITDA at $3.50/MMBtu Henry Hub; Chord has already received a $55MM deposit with an effective date of July 1, 2026. The deal further reduces Chord's net leverage and makes the company a pure-play Williston Basin operator, with pro forma oil weighting up 4-5 points, annual CapEx down about $25MM, though gas realizations and cash GPT decline on the loss of stronger Marcellus gas prices. Chord will update guidance in conjunction with its 3Q26 earnings release in November.

•1mo ago

Chord Energy Reports Second Quarter 2026 Financial and Operating Results, Declares Base Dividend and Updates 2026 Outlook

Chord Energy reported strong Q2 2026 operational results, with oil volumes reaching the high-end of guidance at 165.4 MBopd and capital expenditures coming in below the midpoint at $416.7MM. The company generated Adjusted Free Cash Flow of $414.1MM and Adjusted EBITDA of $923.5MM, allowing it to return 54% of Adjusted FCF to shareholders via a base dividend of $1.30 per share and $147.4MM in share repurchases. Management updated its full-year outlook, expecting approximately $3.0B of Adjusted EBITDA and $1.3B of Adjusted Free Cash Flow for 2026, while maintaining leverage below half a turn.

•2mo ago

Chord Energy Reports First Quarter 2026 Financial and Operating Results, Updates 2026 Outlook and Declares Base Dividend

Chord Energy reported Q1 operating revenue of $1.15 billion and Adjusted Free Cash Flow of $324 million, exceeding expectations driven by oil volumes of 158 MBopd which topped the high-end of guidance. The company raised its FY26 oil volume guidance by 2 MBopd to a midpoint of 161 MBopd while keeping full-year capital guidance unchanged at approximately $1.4 billion, projecting roughly $3.1B in Adjusted EBITDA and $1.4B in Adjusted FCF for the year. Chord returned $145 million to shareholders in the quarter through a $1.30 per share base dividend and $70.7 million in share repurchases.

•6mo ago