Chord Energy Corp (CHRD) Form 8-K — Oct 19, 2026
Chord Energy announced an abrupt CEO transition: Daniel Brown resigned as President & CEO and director effective October 19, 2026, to pursue another professional opportunity, and the board appointed Michael Lou — previously Chief Strategy Officer and former CFO — as President & CEO and director. Because Brown resigned without Good Reason, he receives no severance payments or benefits. Alongside the leadership news, Chord issued preliminary 3Q26 results showing volumes exceeded the high end of guidance across oil, natural gas and NGLs, with CapEx in line with guidance.
Key figures
- Cash Position
- 804700000
- Ny Mex wti avg 3q26
- $85.69/Bbl
- Nymex henry hub avg 3q26
- $2.96/MMBtu
- Realized hedge loss 3q26
- $48.7MM
- Share repurchases 3q26 usd
- $205MM
- Marcellus deposit paid 3q26
- $55MM
- Marcellus divestiture gross
- $550MM
- Share repurchases qtd 4q26 usd
- $44.3MM
- Share repurchase avg price 3q26
- 135.74
- Share repurchase avg price 4q26
- 142.32
AI analysis
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