Q1 26 EPS
$4.56
BEAT +30.78%
Est. $3.49
Q1 26 Revenue
$1.67B
BEAT +41.82%
Est. $1.17B
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. Th… Read more 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
CHRD 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
Q1 2026 vs Q1 2025, source: SEC Filings
CHRD Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Danny Brown, Q1 2026 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% |