Chord Energy Reports Third Quarter 2026 Financial and Operating Results, Declares Base Dividend, and Updates 2026 OutlookHOUSTON, 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. Key Takeaways and Updates: Operational Strength: Cash Flow from Operations and Adjusted Free Cash Flow(1) exceeded expectations in 3Q26, supported by production volumes above the high-end of guidance and strong price realizations; Raising Volumes & Adjusted Free Cash Flow Estimates: Strong operational performance led Chord to increase FY26 oil volumes ~1% to 162.5 MBopd and FY26 Adjusted Free Cash Flow expectations increased by ~$200MM since the August outlook; Shareholder Returns: Returned capital through the $1.30/share base dividend and $205MM of share repurchases at an average price of $135.74/share during 3Q26 with another $78MM repurchased in 4Q26 as of October 30, 2026 at an average price of $146.84/share; Marketing Optimization: Executed numerous third-party marketing agreements YTD, which are expected to deliver $35MM-$55MM annualized Adjusted Free Cash Flow savings over time, and also identified additional small-scale midstream investment opportunities.
PRNewsWire11/4/2026Neutral