Jun 2026 (Q2 FY26) — Aug 6, 2026
Chord Energy Q2 FY26 — Strong FCF and Increased Shareholder Returns
Read the full callChord Energy (CHRD) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Chord Energy earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,173 | +84.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 27.7 | +61.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 525 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
6 of 11 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Oil production | 152,000 to 153,000 barrels per day | Sep 2024 | We continue to expect oil volumes to average 161,000 barrels of oil per day over the course of 2026, which is 2,000 barrels of oil per day higher than our initial outlook, largely due to investing in [indiscernible] based production. | Revised Up |
| 3-mile laterals as % of turn-in-lines | over 50% | Dec 2024 | Transitioning the portfolio to longer laterals has been highly impactful for Chord, driving a structurally lower cost of supply and higher returns on invested capital. | On Track |
5 of Chord Energy Corp's 35 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 33 more targets are in the full ledger.
Claimed
- Adjusted free cash flow of $414 million exceeded expectations.
- Oil production came in at the high end of guidance, averaging 161,000 bbl/d for FY26.
- Balance sheet grew to $612 million with normalized leverage declining below 1.5x at quarter end.
- Return of capital is expected to increase to at least 75% of adjusted free cash flow beginning in Q3 FY26.
- Free cash flow per share grew about 30% since 2024 on normalized commodity pricing.
Qualified
- Full year LOE expense was raised to $10.30 per BOE due to production enhancement initiatives and higher workover costs.
- The outlook for commodity prices, particularly oil, remains uncertain with unusually high volatility.
- Bakken crude premium to WTI observed in Q2 FY26 is expected to fade over the course of the year.
Price
$154.48 −0.05% · −$0.08
Performance +72.1% 1Y
1Y: $89.74 on 17 Oct 2025 → $154.48. High $157 (15 Sept 2026), low $84.99 (5 Nov 2025).
- Previous close
- $154.56
- 52-week range
- $84.99 – $157
- One year
- +72.22%
Overview
- Symbol
- CHRD
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 11 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Oil production | 152,000 to 153,000 barrels per day | Sep 2024 | We continue to expect oil volumes to average 161,000 barrels of oil per day over the course of 2026, which is 2,000 barrels of oil per day higher than our initial outlook, largely due to investing in [indiscernible] based production. | Revised Up |
| 3-mile laterals as % of turn-in-lines | over 50% | Dec 2024 | Transitioning the portfolio to longer laterals has been highly impactful for Chord, driving a structurally lower cost of supply and higher returns on invested capital. | On Track |
Claimed
- Adjusted free cash flow of $414 million exceeded expectations.
- Oil production came in at the high end of guidance, averaging 161,000 bbl/d for FY26.
- Balance sheet grew to $612 million with normalized leverage declining below 1.5x at quarter end.
- Return of capital is expected to increase to at least 75% of adjusted free cash flow beginning in Q3 FY26.
- Free cash flow per share grew about 30% since 2024 on normalized commodity pricing.
Qualified
- Full year LOE expense was raised to $10.30 per BOE due to production enhancement initiatives and higher workover costs.
- The outlook for commodity prices, particularly oil, remains uncertain with unusually high volatility.
- Bakken crude premium to WTI observed in Q2 FY26 is expected to fade over the course of the year.
The full ledger
Open Chord Energy Corp’s full ledger
A free account opens 5 company ledgers a month. All 35 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
Chord Energy Q1 FY26 — Strong FCF, Increased Oil Volume Outlook, and 4-Mile Lateral Success
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Chord Energy Q4 FY25 — Strong FCF Generation and Capital Efficiency
Read the full callEvery analysed call
Chord Energy earnings calls (CHRD)
Financials
What the filings say
Net profit, year on year: +235% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,450 | 1,455 | 1,215 | 1,181 | 1,312 | 1,169 | 1,666 | 2,173 |
| Expenses | 1,175 | 1,193 | 883 | 1,583 | 1,141 | 1,082 | 1,333 | 1,570 |
| Operating profit | 273 | 265 | 338 | -403 | 171 | 92 | 333 | 603 |
| Operating margin | 18.8% | 18.2% | 27.8% | −34.1% | 13.0% | 7.8% | 20.0% | 27.7% |
| Other income | 32 | -6 | -45 | 68 | -0 | 24 | -239 | 85 |
| Interest | 19 | 18 | 16 | 19 | 19 | 27 | 27 | 27 |
| Net profit | 225 | 211 | 220 | -390 | 130 | 84 | 109 | 525 |
| EPS ($ per share) | 3.63 | — | 3.67 | -6.71 | 2.26 | — | 1.90 | 9.30 |
| Line item | Dec 2018 | Dec 2019 | Nov 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 0 | 0 | 0 | 0 | 1 | 1 |
| Reserves | 683 | 554 | 0 | 270 | 1,445 | 1,961 | 2,302 | 2,044 |
| Total liabilities | 3,707 | 3,662 | 1,180 | 1,805 | 1,951 | 1,850 | 4,330 | 4,994 |
| Fixed assets | 7,027 | 6,978 | 840 | 1,320 | 4,711 | 5,315 | 10,686 | 11,337 |
| Total assets | 7,626 | 7,499 | 2,238 | 3,027 | 6,631 | 6,926 | 13,032 | 13,074 |
| Line item | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 508 | 996 | 893 | 914 | 1,924 | 1,820 | 2,097 | 2,041 |
| Cash from investing | -715 | -1,614 | -829 | -921 | -683 | -1,430 | -1,754 | -1,806 |
| Cash from financing | 212 | 623 | -66 | 161 | -823 | -665 | -624 | -82 |
| Net cash flow | 5 | 5 | -2 | 155 | 418 | -275 | -281 | 153 |
| Capital expenditure | -709 | -1,149 | -869 | -213 | -531 | -906 | -1,179 | -1,348 |
| Free cash flow | -201 | -153 | 24 | 701 | 1,393 | 914 | 918 | 693 |
CHRD revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Oil and Gas | 77% | — | — | 80% | 74% | — | 69% | 69% | +57.2% |
| Oil Production | 74% | 67% | 79% | 74% | 69% | 69% | 60% | 65% | +61.0% |
| Oil and Gas Purchased | 23% | 27% | 9% | 20% | 26% | 25% | 31% | 31% | +194.6% |
| Purchased Oil Sales | 22% | 26% | 9% | 19% | 26% | 24% | 31% | 31% | +197.6% |
| Natural Gas and Natural Gas Liquid Services | 3% | 6% | 12% | 6% | 4% | 6% | 9% | 4% | +11.2% |
| Purchased Gas Sales | 1% | 1% | 1% | <1% | 1% | 1% | <1% | <1% | +72.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
55 filings between Nov 7, 2025 and Sep 1, 2026.
Open market
decisions to buy or sellPurchases
$106.9K
1 purchase by 1 insider
Sales
$11.67M
21 sales by 8 insiders
Compensation
not trading decisions- 16
- Award — granted as compensation
- 16
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lou Michael H | — | $3.29M | Jul 23, 2026 |
| Brooks Douglas E | — | $2.42M | Aug 7, 2026 |
| Brown Daniel E | — | $2.07M | Aug 21, 2026 |
| McKinney Samantha | $106.9K | $1.76M | Sep 1, 2026 |
| Kinney Shannon Browning | — | $768.6K | Aug 11, 2026 |
| Robuck Richard N | — | $608.8K | Mar 13, 2026 |
| Kroll Lara J | — | $568.3K | Mar 3, 2026 |
| Henke Darrin J. | — | $186.3K | May 15, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | McKinney Samantha Director | Sale | 6,250 | $935.9K |
| Sep 1, 2026 | McKinney Samantha Director | Sale | 3,500 | $526.0K |
| Aug 21, 2026 | Brown Daniel E President and CEO | Sale | 656 | $98.5K |
| Aug 20, 2026 | Brown Daniel E President and CEO | Sale | 4,102 | $622.1K |
| Aug 20, 2026 | Brown Daniel E President and CEO | Sale | 2,826 | $430.5K |
| Aug 20, 2026 | Brown Daniel E President and CEO | Sale | 6,120 | $922.0K |
| Aug 11, 2026 | Kinney Shannon Browning EVP, CAO, GC & Corp Secretary | Sale | 4,019 | $562.7K |
| Aug 10, 2026 | McKinney Samantha Director | Sale | 1,100 | $149.1K |
| Aug 10, 2026 | McKinney Samantha Director | Sale | 1,100 | $150.8K |
| Aug 7, 2026 | Brooks Douglas E Director | Sale | 8,000 | $1.07M |
| Aug 1, 2026 | Kinney Shannon Browning EVP, CAO, GC & Corp Secretary | Tax withheld | 2,609 | $366.3K |
| Jul 23, 2026 | Lou Michael H EVP, CSO, and CCO | Sale | 10,000 | $1.40M |
| Jun 15, 2026 | Dundas Ian C Director | Gift | 72,171 | $0 |
| May 15, 2026 | Henke Darrin J. EVP and COO | Sale | 1,276 | $186.3K |
| May 11, 2026 | Brooks Douglas E Director | Sale | 1,500 | $207.9K |
| May 8, 2026 | Brooks Douglas E Director | Sale | 3,500 | $478.5K |
| May 7, 2026 | Brooks Douglas E Director | Sale | 3,000 | $413.4K |
| Apr 29, 2026 | CUNNINGHAM SUSAN M Director | Award | 2,134 | — |
| Apr 29, 2026 | McCarthy Kevin S Director | Award | 1,524 | — |
| Apr 29, 2026 | Brooks Douglas E Director | Award | 1,524 | — |
| Apr 29, 2026 | Taylor Anne Director | Award | 1,524 | — |
| Apr 29, 2026 | McKinney Samantha Director | Award | 1,524 | — |
| Apr 29, 2026 | Dundas Ian C Director | Award | 1,524 | — |
| Apr 29, 2026 | Foulkes Hilary A Director | Award | 1,524 | — |
| Apr 29, 2026 | Polzin Ward Director | Award | 1,524 | — |
| Apr 29, 2026 | Woung-Chapman Marguerite Director | Award | 1,524 | — |
| Apr 29, 2026 | Sheets Jeffrey Wayne Director | Award | 1,524 | — |
| Mar 13, 2026 | Robuck Richard N EVP, CFO and Treasurer | Sale | 5,000 | $608.8K |
| Mar 12, 2026 | Lou Michael H EVP, CSO, and CCO | Sale | 497 | $62.8K |
| Mar 12, 2026 | Lou Michael H EVP, CSO, and CCO | Sale | 14,503 | $1.82M |
| Mar 6, 2026 | Brooks Douglas E Director | Sale | 2,126 | $255.7K |
| Mar 4, 2026 | Robuck Richard N EVP, CFO and Treasurer | Tax withheld | 560 | $62.9K |
| Mar 3, 2026 | Kinney Shannon Browning EVP, CAO, GC & Corp Secretary | Sale | 1,801 | $206.0K |
| Mar 3, 2026 | Kroll Lara J SVP & Chief Accounting Officer | Sale | 5,000 | $568.3K |
| Feb 20, 2026 | Henke Darrin J. EVP and COO | Tax withheld | 642 | $67.4K |
| Feb 20, 2026 | Kinney Shannon Browning EVP, CAO, GC & Corp Secretary | Tax withheld | 509 | $53.4K |
| Feb 20, 2026 | Kroll Lara J SVP & Chief Accounting Officer | Tax withheld | 193 | $20.3K |
| Feb 20, 2026 | Brown Daniel E President and CEO | Tax withheld | 1,353 | $142.1K |
| Feb 20, 2026 | Lou Michael H EVP, CSO, and CCO | Tax withheld | 679 | $71.3K |
| Feb 1, 2026 | Henke Darrin J. EVP and COO | Tax withheld | 215 | $21.6K |
| Jan 23, 2026 | Kinney Shannon Browning EVP, CAO, GC & Corp Secretary | Award | 8,642 | — |
| Jan 23, 2026 | Lou Michael H EVP, CSO, and CCO | Award | 11,852 | — |
| Jan 23, 2026 | Brown Daniel E President and CEO | Award | 21,051 | — |
| Jan 23, 2026 | Robuck Richard N EVP, CFO and Treasurer | Award | 11,076 | — |
| Jan 23, 2026 | Henke Darrin J. EVP and COO | Award | 11,076 | — |
| Jan 23, 2026 | Kroll Lara J SVP & Chief Accounting Officer | Award | 3,170 | — |
| Jan 22, 2026 | Henke Darrin J. EVP and COO | Tax withheld | 1,085 | $103.3K |
| Jan 22, 2026 | Robuck Richard N EVP, CFO and Treasurer | Tax withheld | 1,044 | $99.4K |
| Jan 22, 2026 | Kroll Lara J SVP & Chief Accounting Officer | Tax withheld | 340 | $32.4K |
| Jan 22, 2026 | Lou Michael H EVP, CSO, and CCO | Tax withheld | 1,090 | $103.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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