Q3 25 EPS
$2.35
BEAT +2.75%
Est. $2.29
Q3 25 Revenue
$1.31B
BEAT +22.21%
Est. $1.07B
vs S&P Since Q3 25
+21.4%
BEATING MARKET
CHRD +32.8% vs S&P +11.4%
Market Reaction
Did CHRD Beat Earnings? Q3 2025 Results
Chord Energy posted a clear beat across both top and bottom lines in Q3 2025, with adjusted EPS of $2.35 edging past the $2.29 consensus by 2.75% and revenue of $1.31 billion topping estimates by 22.21%, even as total sales slipped 9.5% year-over-yea… Read more Chord Energy posted a clear beat across both top and bottom lines in Q3 2025, with adjusted EPS of $2.35 edging past the $2.29 consensus by 2.75% and revenue of $1.31 billion topping estimates by 22.21%, even as total sales slipped 9.5% year-over-year amid softer crude prices. The primary headwind was well-understood: realized crude oil prices fell to $63.59 per barrel from $73.51 a year ago, compressing GAAP net income to $130.11 million from $225.32 million in Q3 2024 and pulling total oil, NGL, and natural gas revenues down to $966.80 million. Offsetting that pressure, oil volumes of 155.7 MBopd came in above the midpoint of guidance while E&P capital spending of $333.60 million landed below it, reflecting the operational discipline that prompted management to raise full-year oil volume guidance for the second time this year to a midpoint of 154.3 MBopd. With the XTO acquisition closing October 31 and expected to contribute roughly 4.0 MBopd in Q4, and the company projecting approximately $840 million in adjusted free cash flow for the full year, Chord enters the final quarter with operational momentum despite continued commodity volatility.
Key Takeaways
- • Oil volumes above midpoint of guidance at 155.7 MBopd
- • E&P and other CapEx below midpoint of guidance reflecting program timing
- • Drilling days improved from 2024 levels
- • Simulfrac increased daily lateral footage completed
- • Post-frac cleanouts now more efficient
- • Lower failure rates supported by autonomous rod lift operations
- • Lower downtime year-over-year driving higher FCF
CHRD YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CHRD Revenue by Segment
With YoY comparisons, source: SEC Filings
“Chord's operational momentum continues and the team delivered solid results in the third quarter. Third quarter oil volumes and capital were favorable to guidance and Chord raised FY25 oil volume guidance for the second time this year, excluding impacts from the recent acquisition. In addition, the purchase of certain XTO assets closed at the end of October, which extends our inventory runway in core areas while allowing for further capital efficiency through longer lateral development. Chord's strategy revolves around strong capital allocation and continuous improvement. On that front, we're pleased to announce continued progress in de-risking the 4-mile program, including the successful execution on three incremental 4-mile wells. Chord continues to drive efficiency through every aspect of the business which puts the Company in a strong position to lengthen inventory and enhance economics amidst persistent commodity volatility.”
— Danny Brown, Q3 2025 Earnings Press Release
CHRD Earnings Trends
CHRD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CHRD EPS Trend
Earnings per share: estimate vs actual
CHRD Revenue Trend
Quarterly revenue: estimate vs actual
CHRD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $3.49 | $4.56 | +30.78% | $1.67B | +41.82% |
| Q4 25 BEAT FY | $1.24 | $1.28 | +3.59% | $1.17B | +13.13% |
| FY Full Year | $9.53 | $9.53 | -0.03% | $4.88B | +3.20% |
| Q3 25 BEAT | $2.29 | $2.35 | +2.75% | $1.31B | +22.21% |
| Q2 25 MISS | $1.88 | $1.79 | -4.60% | $1.18B | +24.74% |
| Q1 25 BEAT | $3.54 | $4.04 | +14.28% | $1.22B | +3.33% |