Companies /Energy

Chord Energy Corp - New

NASDAQ: CHRD Oil & Gas E&p
$145.99
â–² $5.85 (+4.17%) today
Markets closed · 2:23am ET

Q1 2026 Earnings

Reported May 5, 2026, 4:39pm ET · SEC source
$4.56
Beat +30.78%
EPS · est. $3.49
$1.7B
Beat +41.82%
Revenue · est. $1.2B
−11.5%
Trailing market
CHRD vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0May 5May 6report 4:39pm ETearnings+1.2%−8.5%
−8%−4%0May 5May 6earnings+1.2%−8.5%
CHRD −8.5%S&P 500 +1.2%
−8%−4%0May 5May 6report 4:39pm ETearnings+1.8%−8.5%
−8%−4%0May 5May 6earnings+1.8%−8.5%
CHRD −8.5%NASDAQ +1.8%
−10%−5%0May 4May 13report 4:39pm ETearnings+2.4%−6.6%
−10%−5%0May 4May 13earnings+2.4%−6.6%
CHRD −6.6%S&P 500 +2.4%
−10%−5%0+5%May 4May 13report 4:39pm ETearnings+4.6%−6.6%
−10%−5%0+5%May 4May 13earnings+4.6%−6.6%
CHRD −6.6%NASDAQ +4.6%
−0.06%
Day of report
−5.58%
Next session
−4.79%
One week
−9.63%
30 days

S&P 500 over the same 30 days: +1.90%.

Did CHRD Beat Earnings? Q1 2026 Results

Chord Energy delivered a strong first quarter in 2026, with adjusted earnings of $4.56 per diluted share on revenue of $1.67 billion, as oil production volumes of 158.0 MBopd cleared the top of the company's guidance range of 152.5 to 155.5 MBopd. The volume beat was fueled in part by production enhancement initiatives including AI-optimized artificial lift and expanded workover activity, which are already reshaping the company's operational profile heading into the rest of the year. GAAP net income fell to $108.61 million from $219.84 million a year ago, weighed down by a $241.47 million net loss on derivative instruments, though adjusted net income rose to $258.92 million, reflecting the underlying strength of the business. Capital expenditures of $344.90 million landed at the midpoint of guidance, underscoring disciplined spending. Looking ahead, Chord raised its full-year oil volume guidance by 2 MBopd to a midpoint of 161 MBopd while holding capital expenditure guidance steady at roughly $1.40 billion, and expects approximately $3.10 billion in Adjusted EBITDA for full-year 2026.

Key Takeaways
  • Oil volumes of 158.0 MBopd exceeded high-end of 1Q26 guidance range of 152.5–155.5 MBopd
  • Capital expenditures in line with midpoint of guidance at $344.9MM
  • LOE of $9.87/Boe in line with midpoint of guidance
  • Favorable gas realizations reflecting seasonally strong regional benchmark prices
  • Strong D&C cycle times and multi-well execution efficiencies
  • Dual-fuel frac fleet operations reducing diesel price exposure

“Chord delivered strong first quarter execution, demonstrated efficient operations, and generated free cash flow above expectations. Oil volumes exceeded the high-end of guidance with capital and operating expenses in line. This strong operational performance supported robust free cash flow, enabling high return of capital to shareholders. The Chord team also achieved a key operational milestone, with the successful delivery of our first four-mile pad during the quarter. Additionally, D&C cycle times continue to show positive trends.”

Chord Energy CEO, on the earnings call

Forward Guidance & Outlook

Chord updated its full-year 2026 guidance, raising oil volume guidance by 2 MBopd to 161 MBopd at midpoint while keeping full-year CapEx unchanged at ~$1.4B. Q2 2026 oil volumes are guided to 162.5–165.5 MBopd with CapEx of $410–$440MM. Q3 volumes expected to be similar to Q2 before declining in Q4, with CapEx declining in Q3 and further in Q4. The company expects approximately $3.1B of Adjusted EBITDA and $1.4B of Adjusted Free Cash Flow for FY26 (assuming $80/Bbl WTI and $3.25/MMBtu Henry Hub for Q2–Q4). Oil realization outlook improved to reflect current market premiums to WTI. FY26 LOE increased $0.15/BOE to $9.95/BOE reflecting production enhancement initiatives. Approximately 40% of 2026 TILs and 60% of spuds expected to be 4-mile laterals.

CHRD YoY Financials

Revenue$1.7B
Operating Income$333.2M
Net Income$108.6M

CHRD Revenue by Segment

Crude Oil$996.3M+4.2%
Purchased Oil and Gas Sales$515.0M+361.4%
Natural Gas$116.1M+35.2%
NGL$38.2M−37.7%

Figures from SEC filings and company reports. Not investment advice.