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.
Key figures
- Guidance
- Volumes exceeded high end of guidance across oil, natural gas and NGLs; CapEx in line with guidance ($360-$390MM guided)
- Capex mm
- $379 - $385
- Buyback 3q26 mm
- $205MM
- Oil volumes mbopd
- 165.4 - 165.6
- Buyback 4q26 qtd mm
- 44.3
- Total volumes mboepd
- 290.5 - 290.9
- Buyback 3q26 avg price
- 135.74
- Cash and equivalents mm
- 804.7
- Buyback 4q26 qtd avg price
- 142.32
- Marcellus divestiture gross
- $550MM
- Realized hedge loss 3q26 mm
- 48.7
- Guidance total volumes mboepd
- 277.7 - 284.0
AI analysis
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