Bank of America Corp DE boosted its stake in Chord Energy Corporation (NASDAQ:CHRD – Free Report) by 8.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,068 shares of the company’s stock after buying an additional 18,399 shares during the period. Bank of America Corp DE owned 0.42% of Chord Energy worth $33,849,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Chord Energy by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 2,053,045 shares of the company’s stock worth $190,346,000 after purchasing an additional 277,588 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Chord Energy by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 1,809,526 shares of the company’s stock worth $167,743,000 after purchasing an additional 104,373 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Chord Energy by 27.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock worth $220,078,000 after buying an additional 329,565 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Chord Energy by 18.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,243,850 shares of the company’s stock worth $115,305,000 after acquiring an additional 193,469 shares in the last quarter. Finally, Sourcerock Group LLC lifted its holdings in shares of Chord Energy by 2.1% during the 2nd quarter. Sourcerock Group LLC now owns 1,031,973 shares of the company’s stock valued at $99,947,000 after buying an additional 20,916 shares during the last quarter. 97.76% of the stock is owned by institutional investors.
Chord Energy Trading Up 2.1%
CHRD opened at $137.32 on Friday. The firm has a 50 day simple moving average of $127.94 and a 200 day simple moving average of $126.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 9.20 and a beta of 0.48. Chord Energy Corporation has a fifty-two week low of $84.25 and a fifty-two week high of $151.95.
Chord Energy (NASDAQ:CHRD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.55 by ($0.11). The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The firm’s revenue for the quarter was up 128.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.79 earnings per share. On average, sell-side analysts anticipate that Chord Energy Corporation will post 18.03 earnings per share for the current year.
Chord Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. Chord Energy’s payout ratio is 34.85%.
Insiders Place Their Bets
In related news, Director Douglas E. Brooks sold 8,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $133.14, for a total transaction of $1,065,120.00. Following the sale, the director directly owned 10,705 shares in the company, valued at $1,425,263.70. This trade represents a 42.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Shannon Browning Kinney sold 4,019 shares of Chord Energy stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the sale, the executive vice president directly owned 13,560 shares in the company, valued at $1,898,400. This represents a 22.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,219 shares of company stock worth $1,927,684 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Chord Energy from $114.00 to $135.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Morgan Stanley lowered their price objective on shares of Chord Energy from $175.00 to $169.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Citigroup lowered their price target on Chord Energy from $155.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Zacks Research cut shares of Chord Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Roth Capital restated a “buy” rating and set a $145.00 target price on shares of Chord Energy in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.54.
View Our Latest Report on CHRD
Chord Energy Profile
(Free Report)
Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.
The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.
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Chord Energy (CHRD) ve 2. čtvrtletí zvýšila upravený zisk na akcii o 259,8 % na 6,44 USD a tržby o 57,2 % na zhruba 1,5 mld. USD. Volný peněžní tok vzrostl na 413 mil. USD.
Key Takeaways Chord's Q2 2026 earnings increased 259.8% as revenue rose 57.2% and oil production increased 5.6%. Chord generated $413M in adjusted free cash flow and returned $220M to shareholders in Q2. Chord faces commodity exposure as 2027 hedges cover only about 18% of oil volumes. Chord Energy Corporation (CHRD - Free Report) shares have climbed 14.1% in the past month, putting the stock’s recent momentum in focus. The key question is whether better operating performance and cash generation can keep supporting the move.
The latest quarter provided meaningful fundamental backing, but commodity exposure, higher operating costs and still-developing long-lateral economics leave reasons for caution.
CHRD’s Q2 Results Add Fundamental SupportChord reported second-quarter 2026 adjusted earnings of $6.44 per share, up 259.8% from $1.79 a year earlier. Revenues increased 57.2% to roughly $1.5 billion from $950.3 million.
The top line beat the Zacks Consensus Estimate by 4.2%, while earnings missed the consensus mark by 3.6%. That combination points to a substantially improved year-over-year earnings picture, though not an across-the-board beat.
Chord’s Oil Production Keeps Moving HigherOil production reached 165.4 thousand barrels per day, up 5.6% from the prior-year quarter, while total production was 286.4 thousand barrels of oil equivalent per day. Oil also represented 57.8% of total production.
Realizations added support. Chord’s average oil sales price excluding realized derivatives increased 52.5% to $93.99 per barrel, while the average NGL sales price rose 59.5% to $9.25 per barrel. Those improvements may have helped investor sentiment, but they do not establish the direct cause of the recent share-price gain.
CHRD’s Williston Scale Drives Operating EfficiencyChord is leveraging its scale in the Williston Basin to lift production while operating with fewer rigs and completion crews. The company expects fiscal 2026 oil production of 161 MBopd, up 14% from the pro-forma fiscal 2022 level of 141.5 MBopd, even as drilling rigs decline about 25% and completion crews fall roughly 21%. Chord also continues to expand its long-lateral development strategy, with about 80% of its year-end 2025 inventory supporting 3-mile or 4-mile laterals. Management believes these longer laterals can lower breakevens and improve capital efficiency, providing another potential support for free cash flow. Still, the benefits depend on sustained execution as the 4-mile program becomes a larger part of the development mix.
Image Source: Zacks Investment Research
Chord’s Free Cash Flow Strengthens the Bull CaseAdjusted free cash flow rose to about $413 million from roughly $141 million a year earlier, while net cash provided by operating activities reached $1.12 billion. Chord returned $220 million to shareholders in the quarter through its base dividend and share repurchases.
Liquidity also provides flexibility. Chord ended June with $611.6 million of cash and no revolver borrowings, while its revolving credit facility had $2 billion of elected commitments. Management expects to return at least 75% of adjusted free cash flow beginning in the third quarter, subject to its leverage framework.
CHRD Still Faces Commodity and Cost RisksThe biggest counterweight is commodity sensitivity. About 38% of second-half 2026 oil volumes were hedged, while only about 18% of 2027 volumes had protection, leaving much of future production exposed to oil-price swings.
Costs and execution deserve attention as well. Chord raised its 2026 lease operating expense midpoint to $10.30 per barrel of oil equivalent as production-enhancement activity and workover costs increased. Early 4-mile well performance is in line with expectations, but mature production history is still insufficient to fully validate the economics of the fourth mile.
For sector context, Diamondback Energy (FANG - Free Report) , a Permian-focused producer, averaged 525 thousand barrels of oil per day in the second quarter of 2026. Devon Energy Corporation (DVN - Free Report) offers a more diversified multi-basin portfolio, giving investors another operating model against which to consider Chord’s Williston concentration.
Chord’s Earnings Outlook Shows Near-Term StrengthThe Zacks Consensus Estimate calls for CHRD to post earnings of $3.76 per share in the current quarter, implying 60% growth. For the December quarter, the consensus mark is pegged at $3.63 per share, representing an estimated 183.6% increase from the year-ago period. Current-year earnings are projected at $18.03 per share, up 89.2% from $9.53 a year earlier. However, the outlook weakens for 2027, with the Zacks Consensus Estimate of $11.61 per share implying a 35.6% decline. That expected pullback could temper enthusiasm around CHRD’s recent share-price momentum.
Image Source: Zacks Investment Research
CHRD’s Signals Temper the Recent MomentumThe recent rally has stronger operating and cash-flow support than it did before the quarter, but commodity exposure, rising costs and execution uncertainty keep the setup from being one-sided. Those risks matter more as the stock extends its short-term gains.
CHRD currently carries a Zacks Rank #5 (Strong Sell), which signals near-term caution.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
At the same time, it has a Value Score of A, Growth Score of A, Momentum Score of A and a VGM Score of A. The Style Scores highlight favorable characteristics across those investment styles, but they are designed to complement the Zacks Rank rather than override it. That contrast argues for keeping the recent momentum in perspective.
Chord Energy ve 2. čtvrtletí zvýšila tržby o 57,2 % na 1,5 miliardy USD díky vyšší těžbě a cenám ropy. Upravený zisk na akcii činil 6,44 USD, ale zaostal za odhadem.
Key Takeaways Chord's Q2 2026 revenues rose 57.2% as oil output and oil and NGL realizations strengthened.Chord's oil production increased 5.6% to 165.4 MBbl/d, lifting oil's share of output.Chord's adjusted free cash flow surged to $413.4 million, supporting $147.4 million in share repurchases. Chord Energy Corporation (CHRD - Free Report) reported second-quarter 2026 adjusted earnings of $6.44 per share, up 259.8% from $1.79 a year ago. The bottom line missed the Zacks Consensus Estimate of $6.68 by 3.6%.
Total quarterly revenues rose 57.2% to $1.5 billion from $950.3 million. The top line beat the Zacks Consensus Estimate of $1.4 billion by 4.2%.
The strong quarterly revenues were driven by higher oil output, and stronger oil and natural gas liquids (NGL) realizations.
Total production reached 286.4 thousand barrels of oil equivalent per day (MBoe/d).
CHRD's Oil Output Moves HigherCHRD's oil production was 165.4 thousand barrels per day (MBbl/d), up 5.6% from 156.7 MBbl/d in the year-ago quarter. Oil represented 57.8% of total production, compared with 55.6% a year earlier.
Natural gas liquids production fell 2.0% to 53 thousand barrels per day (MBbl/d) from 54.1 MBbl/d recorded in the prior-year quarter. Natural gas production declined 4.2% to 408 million cubic feet per day (MMcf/d) from 425.9 MMcf/d in the second quarter of 2025. The company had 66 gross and 47 net operated wells turned in line during the quarter.
Chord Benefits From Stronger RealizationsChord's average oil sales price, excluding realized derivatives, increased 52.5% to $93.99 per barrel from $61.62 per barrel a year earlier. The average NGL sales price, excluding realized derivatives, increased 59.5% to $9.25 per barrel from $5.80 per barrel in the year-ago quarter.
Crude oil revenues rose to $1.42 billion, while NGL revenues increased to $44.6 million and natural gas revenues fell to $34.7 million.
CHRD's Cost Picture Shows Mixed TrendsLease operating expense (LOE) increased to $267.8 million from $257.0 million a year ago, while LOE per barrel of oil equivalent rose to $10.28 from $10.02. Production taxes rose to $125.9 million from $69.0 million.
Gathering, processing and transportation expense declined to $62.8 million from $74.1 million. Depreciation, depletion and amortization increased to $409.2 million from $377.0 million. Total select operating expenses were $865.7 million, up from $777.1 million.
CHRD's Cash Flow Supports Higher Capital ReturnsNet cash provided by operating activities reached $1.12 billion, up from $419.8 million a year ago. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $923.5 million from $547.2 million, while adjusted free cash flow increased to $413.4 million from $140.8 million.
CHRD returned 54% of adjusted free cash flow to shareholders in the quarter. It repurchased 1,104,346 shares for $147.4 million and declared a base dividend of $1.30 per share.
Chord’s Balance SheetAs of June 30, 2026, Chord had cash and cash equivalents of $611.6 million, while total debt was $1.50 billion and liquidity was $2.58 billion.
CHRD Keeps 2026 Capital Plan SteadyChord maintained its full-year 2026 oil-volume midpoint at 161 MBbl/d, with guidance to be in the range of 160.2-161.8 MBbl/d. Total production is projected to be in the range of 278.2-281.8 MBoe/d, while capital expenditures are expected to be between $1.36 billion and $1.44 billion.
For the third quarter, oil volumes are expected to be in the range of 161.5-164.5 Mbo/d and capital spending between $360 million and $390 million. Chord raised the full-year LOE midpoint to $10.30 per barrel of oil equivalent (Boe), reflecting additional production-enhancement initiatives, higher workover costs and higher non-operated LOE. The company expects about $3.0 billion of adjusted EBITDA and $1.3 billion of adjusted free cash flow for 2026, assuming $75 WTI and $3 Henry Hub in the second half.
CHRD’s Zacks Rank & Key PicksChord currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the energy sector are PBF Energy Inc. (PBF - Free Report) , Valero Energy Corporation (VLO - Free Report) and Cactus, Inc. (WHD - Free Report) . PBF sports a Zacks Rank #1 (Strong Buy), while VLO and WHD carry a Zacks Rank #2 (Buy) each, at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share.
As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million.
Valero reported second-quarter 2026 adjusted earnings of $12.54 per share, which beat the Zacks Consensus Estimate of $9.87 per share.
As of June 30, 2026, VLO had total debt of $9.10 billion, and cash and cash equivalents of $7.87 billion.
Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share.
As of June 30, 2026, WHD had cash and cash equivalents of $365 million.
Ředitel Douglas Brooks prodal 8 000 akcií Chord Energy za 1,065 mil. USD, čímž snížil svůj podíl o 42,77 %. Společnost zároveň oznámila čtvrtletní dividendu ve výši 1,30 USD na akcii.
Chord Energy Corporation (NASDAQ:CHRD – Get Free Report) Director Douglas Brooks sold 8,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $133.14, for a total value of $1,065,120.00. Following the completion of the transaction, the director directly owned 10,705 shares of the company’s stock, valued at $1,425,263.70. The trade was a 42.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Chord Energy Price Performance Chord Energy stock opened at $131.35 on Monday. The stock has a market capitalization of $7.39 billion, a PE ratio of 8.80 and a beta of 0.48. Chord Energy Corporation has a 12 month low of $84.25 and a 12 month high of $151.95. The business has a 50 day simple moving average of $128.03 and a 200-day simple moving average of $125.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15.
Chord Energy (NASDAQ:CHRD – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business earned $1.79 EPS. The company’s quarterly revenue was up 128.6% on a year-over-year basis. On average, analysts anticipate that Chord Energy Corporation will post 18.32 EPS for the current fiscal year.
Chord Energy Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a $1.30 dividend. The ex-dividend date is Thursday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 4.0%. Chord Energy’s dividend payout ratio (DPR) is 34.85%.
Key Chord Energy News Here are the key news stories impacting Chord Energy this week:
Positive Sentiment: Strong revenue growth: Chord Energy reported second-quarter revenue of $2.17 billion, well above the $1.62 billion consensus estimate and 128.6% higher than the year-ago period. The company also generated $6.44 in adjusted earnings per share, indicating solid operating performance despite falling slightly short of expectations. Chord Energy Boosts Cash Returns After Strong Quarter Positive Sentiment: Higher cash returns planned: Beginning in the third quarter of 2026, Chord said it intends to return at least 75% of adjusted free cash flow to shareholders. The policy could support the stock by increasing the potential for dividends and other capital distributions. Chord targets at least 75% of adjusted free cash flow returned to shareholders Positive Sentiment: Quarterly dividend declared: The company declared a $1.30-per-share dividend payable September 4 to shareholders of record August 20. The dividend represents an annualized yield of approximately 3.9%, reinforcing Chord’s shareholder-return appeal. Chord Energy dividend and stock information Neutral Sentiment: Results largely driven by expectations: Earnings-call materials and the Q2 presentation provide additional detail on production, costs and the company’s outlook, which investors will assess alongside commodity prices and future free-cash-flow generation. Chord Energy Corporation 2026 Q2 Results Earnings Call Presentation Negative Sentiment: EPS missed estimates: Second-quarter earnings per share of $6.44 were $0.11 below the $6.55 consensus forecast, which may be weighing on the stock despite the substantial revenue beat. Negative Sentiment: Director sold shares: Director Douglas E. Brooks sold 8,000 shares for approximately $1.07 million, reducing his ownership by 42.77%. Although one insider transaction does not establish a trend, the sale can create a modest negative sentiment signal. SEC insider transaction filing Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on CHRD shares. Williams Trading set a $189.00 price objective on Chord Energy in a report on Monday, April 20th. Zacks Research downgraded Chord Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. UBS Group lowered their price target on Chord Energy from $179.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Citigroup dropped their price target on Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, Wall Street Zen downgraded Chord Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.38.
Read Our Latest Stock Analysis on Chord Energy
Institutional Inflows and Outflows A number of institutional investors have recently bought and sold shares of the business. Foster & Motley Inc. acquired a new position in shares of Chord Energy during the 2nd quarter worth approximately $695,000. Bank of New York Mellon Corp acquired a new stake in shares of Chord Energy in the second quarter valued at approximately $66,489,000. Assenagon Asset Management S.A. purchased a new position in Chord Energy during the second quarter worth approximately $24,670,000. GAMMA Investing LLC lifted its position in Chord Energy by 14.4% during the second quarter. GAMMA Investing LLC now owns 1,618 shares of the company’s stock worth $185,000 after buying an additional 204 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Chord Energy by 330.9% during the second quarter. Versant Capital Management Inc now owns 237 shares of the company’s stock worth $27,000 after buying an additional 182 shares during the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.
About Chord Energy (Get Free Report)
Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.
The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.
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Chord Energy ve 2. čtvrtletí vykázala upravený volný cash flow ve výši 414 milionů USD a akcionářům vrátila 220 milionů USD. Od 3. čtvrtletí chce vracet nejméně 75 % upraveného volného cash flow.
Oil Could Dip, But These 3 Energy Stocks Still Look Built to WinChord Energy NASDAQ: CHRD reported second-quarter 2026 adjusted free cash flow of $414 million, with oil production at the high end of its guidance range and adjusted capital spending modestly below the midpoint of guidance, President and CEO Danny Brown said during the company’s earnings call.
The company returned $220 million to shareholders during the quarter through its base dividend and share repurchases, representing 54% of adjusted free cash flow. Brown said Chord’s balance sheet had grown to $612 million and normalized leverage had declined below one-half turn at quarter-end.
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As a result, Chord expects to return at least 75% of adjusted free cash flow to shareholders beginning in the third quarter. Brown said the company expects that payout level to continue through the third and fourth quarters, subject to changes in leverage.
Production and Capital Outlook Chord maintained its full-year 2026 oil-production outlook of 161,000 barrels per day, which is 2,000 barrels per day above its original outlook. Brown attributed the increase largely to investments in low-cost, short-cycle opportunities within the company’s base production.
The company’s overall capital outlook was “essentially unchanged,” though spending is expected to decline materially in the third quarter after Chord dropped its second frac crew in July. Brown said spending is expected to decrease again in the fourth quarter.
Chord raised its full-year lease operating expense outlook to $10.30 per barrel of oil equivalent. The increase reflects expanded production-enhancement initiatives, higher workover costs than initially expected and somewhat higher non-operated lease operating expense.
Brown said the company is willing to incur incremental operating costs where it sees opportunities to generate strong risk-adjusted future cash flow. Those efforts include workovers, efforts to reduce downtime, chemical treatments, surface de-bottlenecking and artificial-lift optimization.
Base Production Optimization Efforts Chord has expanded testing of chemical treatments across a larger population of wells after seeing encouraging initial results, according to Brown. The company is testing multiple treatment types and is currently assuming only limited volume upside from the initiative while it evaluates effectiveness, economics and the potential for broader deployment.
Brown said Chord needs more production history before incorporating a larger contribution from the chemical program into its outlook. The company is using selection criteria to identify wells that may be the best candidates for particular treatments, while monitoring results to determine whether performance can be replicated.
Chief Operating Officer Darrin Henke said some of the work includes lowering pumps and has resulted in improved productivity. He added that the company has arrested production declines across a meaningful portion of its wells through several optimization initiatives.
Brown also highlighted Chord’s use of artificial intelligence to optimize rod-pump operations across much of its field. The technology is intended to improve pump loading, reduce equipment wear and support production. Chord is also using computer-based scheduling to allocate workover rigs across its more than 5,000 wells in the basin, considering factors such as production volumes, repair costs, parts availability and the proximity of wells.
Longer Laterals and Completion Efficiency Chord continued to advance its longer-lateral drilling program, turning in line four additional four-mile pads since its May update. The company has now executed 26 four-mile wells in total and remains on track to scale the program through the second half of 2026 and into 2027.
Brown said early execution and performance from the four-mile wells were in line with expectations, though the company needs more time to assess the full contribution from the fourth mile of lateral length. The company is using tracers on four-mile wells and has observed tracer returns from toe stages at the surface, Henke said, indicating that those stages are contributing.
Chord also completed what Henke described as the Bakken basin’s first trimulfrac. The company is evaluating trimulfrac and remote-fracking opportunities for 2027, with Henke estimating that trimulfrac could represent roughly 20% to 50% of next year’s program, depending on operational conditions.
The company said faster frac cycle times accelerated some activity into the first half of the year, increasing first-half production while reducing expected second-half volumes relative to its initial outlook. Chord also cited reduced facilities-related capital from equipment reuse and scalable facility design.
Commodity Differentials and Hedging Chord updated its differential and realization outlook to reflect market conditions. Bakken crude traded at premiums to West Texas Intermediate during the second quarter, which management attributed to unusual market conditions, including a sharp oil-price increase and backwardation in the commodity curve.
Michael Lou, Chord’s chief strategy officer and chief commercial officer, said Bakken crude has historically traded in a range from about $2 per barrel below WTI to $2 per barrel above it. Chord expects its net premium to fade through the remainder of 2026 and is guiding to pricing slightly below WTI, which Lou characterized as still strong basin differentials.
Chord also added hedges for the next several years. The company has approximately 38% of its second-half 2026 oil volumes hedged and about 18% of 2027 oil volumes hedged.
Brown said the company remains focused on disciplined capital allocation and continuous operational improvement amid uncertainty around oil prices and commodity-market volatility.
About Chord Energy (NASDAQ:CHRD)Chord Energy Corporation NASDAQ: CHRD, formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.
The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Chord Energy Corporation (CHRD - Free Report) came out with quarterly earnings of $6.44 per share, missing the Zacks Consensus Estimate of $6.68 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.59%. A quarter ago, it was expected that this company would post earnings of $3.35 per share when it actually produced earnings of $4.56, delivering a surprise of +36.12%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Chord Energy Corporation, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $1.49 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.76%. This compares to year-ago revenues of $1.18 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Chord Energy Corporation shares have added about 47.7% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Chord Energy Corporation?While Chord Energy Corporation has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Chord Energy Corporation was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.71 on $1.17 billion in revenues for the coming quarter and $18.32 on $4.86 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Northern Oil and Gas (NOG - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This independent oil and gas company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of -25.6%. The consensus EPS estimate for the quarter has been revised 3.2% higher over the last 30 days to the current level.
Northern Oil and Gas' revenues are expected to be $545.76 million, down 5% from the year-ago quarter.
Chord Energy Corporation (CHRD - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $6.68 per share in its upcoming report, which represents a year-over-year change of +273.2%.
Revenues are expected to be $1.43 billion, up 20.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 20.68% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Chord Energy Corporation?For Chord Energy Corporation, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Chord Energy Corporation will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Chord Energy Corporation would post earnings of $3.35 per share when it actually produced earnings of $4.56, delivering a surprise of +36.12%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Chord Energy Corporation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerW&T Offshore (WTI - Free Report) , another stock in the Zacks Oil and Gas - Exploration and Production - United States industry, is expected to report loss per share of $0 for the quarter ended June 2026. This estimate points to a year-over-year change of +100%. Revenues for the quarter are expected to be $151.55 million, up 23.9% from the year-ago quarter.
The consensus EPS estimate for W&T has been revised 12.5% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +633.32%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that W&T will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Compound Planning Inc. acquired a new position in shares of Chord Energy Corporation (NASDAQ:CHRD – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,437 shares of the company’s stock, valued at approximately $915,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Chord Energy by 63.8% during the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock valued at $27,000 after buying an additional 74 shares during the last quarter. Blue Trust Inc. raised its position in Chord Energy by 22.2% in the 1st quarter. Blue Trust Inc. now owns 463 shares of the company’s stock valued at $66,000 after buying an additional 84 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Chord Energy by 16.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock valued at $74,000 after acquiring an additional 113 shares in the last quarter. WealthCollab LLC lifted its stake in Chord Energy by 90.6% during the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 145 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Chord Energy by 178.6% during the 1st quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the last quarter. 97.76% of the stock is owned by institutional investors.
Chord Energy Stock Performance Shares of CHRD stock opened at $138.36 on Monday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of -122.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. Chord Energy Corporation has a 52 week low of $84.25 and a 52 week high of $151.95. The firm’s 50-day simple moving average is $129.37 and its two-hundred day simple moving average is $122.57.
Chord Energy (NASDAQ:CHRD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $1.05. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.21 billion. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. Chord Energy’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 EPS. As a group, equities analysts forecast that Chord Energy Corporation will post 18.32 earnings per share for the current year.
Chord Energy Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, May 20th. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. Chord Energy’s dividend payout ratio is presently -460.18%.
Insider Buying and Selling at Chord Energy In other Chord Energy news, Director Douglas E. Brooks sold 3,500 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $136.71, for a total transaction of $478,485.00. Following the sale, the director directly owned 20,205 shares of the company’s stock, valued at $2,762,225.55. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Darrin J. Henke sold 1,276 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $145.97, for a total transaction of $186,257.72. Following the transaction, the chief operating officer owned 21,157 shares of the company’s stock, valued at $3,088,287.29. This represents a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,276 shares of company stock valued at $1,285,968 in the last quarter. 0.79% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades Several brokerages have recently commented on CHRD. Wells Fargo & Company increased their target price on shares of Chord Energy from $136.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Mizuho boosted their price target on shares of Chord Energy from $164.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Citigroup reduced their price objective on shares of Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Morgan Stanley decreased their price objective on shares of Chord Energy from $175.00 to $169.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Finally, Williams Trading set a $189.00 target price on shares of Chord Energy in a research report on Monday, April 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $152.38.
Read Our Latest Stock Analysis on Chord Energy
Chord Energy Profile (Free Report)
Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.
The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.
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