Chord Energy Reports Third Quarter 2026 Financial and Operating Results, Declares Base Dividend, and Updates 2026 Outlook
Key Highlights
- ➤Oil volumes 165.5 MBopd, above the top end of 3Q26 guidance
- ➤Adjusted Net Income $332.9MM, or $6.08 diluted share
- ➤FY26 oil volume midpoint raised ~1% to 162.5 MBopd
- ➤FY26 Adjusted Free Cash Flow expected at approximately $1.6B
- ➤Marcellus assets divestiture announced for $550.0 million gross consideration
Expert Statements
Michael Lou, President and Chief Executive Officer of Chord Energy
“Chord's operational momentum continues and the team delivered solid results in the third quarter.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“Third quarter volumes were above the top-end of guidance and Chord raised FY26 oil volume guidance for the second time this year.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“We continue to execute on our strategy and make further progress on key projects, including our 4-mile program and base production enhancement.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“Chord also executed several third-party marketing agreements that, alongside other initiatives implemented over the past two years, increased annual run-rate savings to $225 million.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“Chord continues to drive efficiency through every aspect of the business, which puts the Company in a strong position to enhance economics and benefit from higher prices while improving our resiliency to create value through the commodity cycle.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“As I step into the CEO role, I'm honored to lead Chord through our next chapter.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“We have built a top-tier organization with talented leaders and employees who are passionate about executing on our strategy and driving long-term value for our shareholders.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“I'm proud of the tremendous progress Chord has made over the past several years and look forward to driving further improvements.”
Michael Lou, President and Chief Executive Officer of Chord Energy
“I am eager to work with the Chord team as well as our communities and other stakeholders to build upon our strong operational and financial performance, while safely producing the affordable and reliable energy the world needs.”
Chord Energy Reports Third Quarter 2026 Financial and Operating Results, Declares Base Dividend, and Updates 2026 Outlook PR Newswire
HOUSTON, Nov. 4, 2026 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") today reported financial and operating results for the third quarter 2026.
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