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Earnings Releases·

Chord Energy — Third Quarter 2026 Earnings Summary

  • Net income rose to $181.6 million ($3.29/share) from $130.1 million ($2.26/share) in Q3 2025, driven by strong operational performance where oil, NGL, and gas volumes all exceeded the high-end of guidance.
  • Full-year 2026 guidance was updated to reflect a ~1% increase in oil volume midpoint to 162.5 MBopd, with adjusted EBITDA expected at $3.4 billion and adjusted free cash flow at $1.6 billion.
  • Capital allocation included a $1.30/share base dividend, $205.0 million in Q3 share repurchases, and an additional $78 million in Q3 repurchases, alongside a $550 million Marcellus asset divestiture expected to close in Q4.
  • Operational efficiency improved with 2026 frac productivity up over 20% year-over-year, while run-rate savings from marketing agreements and optimization are now projected at $225 million annually.
Company
CHORD ENERGY CORP
Sector
Energy
Industry
Oil & Gas E&P