Chord Energy Corporation
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Range $145 – $189
Price Chart
About the company
As an independent enterprise, Chord Energy Corporation specializes in the exploration and production of hydrocarbon resources. Its core activities include the sourcing, development, and recovery of crude oil, natural gas, and natural gas liquids, with all operations concentrated within the Williston Basin. This company was established in 2007 and bases its operations from its headquarters in Houston, Texas.
- CEO
- Daniel E. Brown
- IPO
- 2020
- Employees
- 676
- HQ
- Houston, TX, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $8.32B
- P/E
- 9.88
- Fwd P/E
- 7.77
- PEG
- -0.02
- P/S
- 1.32
- P/B
- 0.99
- EV/EBITDA
- 3.71
- Div Yield
- 3.52%
- Gross Margin
- 27.39%
- Op Margin
- 18.93%
- Net Margin
- 13.42%
- ROE
- 10.42%
- ROIC
- 7.95%
Latest fiscal year · YoY change
- Revenue
- $4.88B-7.1%
- Gross Profit
- $315.01M-75.9%
- Op Income
- $198.46M
- Net Income
- $44.46M-94.8%
- EPS
- $0.74-95.5%
- OCF Growth
- -2.7%
- FCF Growth
- -24.6%
- 52W High
- $151.95
- 52W Low
- $84.25
- 50D MA
- $129.15
- 200D MA
- $117.57
- Beta
- 0.38
- RSI (14)
- 66
- Avg Volume
- 798.88K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Chord Energy said second-quarter execution drove free cash flow above expectations, with higher oil volumes, stronger capital efficiency, and a step-up in shareholder returns planned for the back half of 2026.· August 6, 2026
- Adjusted free cash flow was $414 million in Q2, and 54% of that, or $220 million, was returned to shareholders.
- Oil production finished at the high end of guidance, while adjusted capital spending came in modestly below the midpoint.
- Full-year oil volume guidance was raised to 161,000 barrels of oil per day, 2,000 barrels per day above the initial outlook.
- Full-year LOE guidance increased to $10.30 per BOE because of production enhancement workovers and other base-production initiatives.
- Management said normalized leverage fell below 1.5x and expects at least 75% of adjusted free cash flow to be returned to shareholders beginning in Q3.
Chord reported second-quarter adjusted free cash flow of $414 million, which exceeded expectations, and returned $220 million to shareholders through dividends and share repurchases. Oil production came in at the high end of guidance, while adjusted capital spending finished modestly below the midpoint of guidance. For full-year 2026, oil volumes are expected to average 161,000 barrels of oil per day, up 2,000 barrels per day from the initial outlook, and full-year LOE was raised to $10.30 per BOE. Management also said about 38% of second-half 2026 oil volumes are hedged and about 18% of 2027 oil volumes are hedged.
Danny Brown emphasized that Chord is delivering strong operating execution while continuing to improve the quality of the business and long-term free cash flow generation. He highlighted maintenance-plus as the right framework for the company, saying the team is leaning into incremental base-production investments that can raise volumes without changing the overall disciplined posture. His tone was confident but cautious on the macro, stressing that volatility in oil prices remains high and that the company will focus on what it can control.
No separate CFO remarks were provided in the prepared section of the call, but management discussed several financial points. Chord ended the quarter with a balance sheet of $612 million and normalized leverage below 1.5x, which supports the plan to return at least 75% of adjusted free cash flow to shareholders beginning in Q3. Management also said the capital outlook is essentially unchanged overall, although third-quarter spending should fall meaningfully after dropping the second frac crew in July and fourth-quarter spending should decline again.
Analysts pressed on the increased cash return policy, and management clarified that the company expects to be above the 75% floor for the rest of the year unless leverage unexpectedly rises. Questions also focused on Bakken differentials, with management saying the basin has recently traded from about $2 negative to $2 positive versus WTI and that strong second-quarter premiums were helped by backwardation and basin takeaway conditions. On the production-optimization program, management said chemical treatments are still early-stage but encouraging, while the first trimulfrac led to interest in using trimulfrac on roughly 20% to 50% of next year’s program.
The call showed a company generating strong free cash flow with execution ahead of plan, raising full-year oil guidance, and preserving a strong balance sheet. Management sounded encouraged by early results from 4-mile wells, trimulfrac, AI-based artificial-lift optimization, and chemical workovers, suggesting more upside from base-production initiatives if repeatable. The planned increase in cash returned to shareholders beginning in Q3 adds another positive signal for investors focused on capital returns.
Management repeatedly said several optimization initiatives are early and not yet fully reflected in guidance, especially chemical treatments and the incremental contribution from the fourth mile on 4-mile wells. LOE guidance moved higher to $10.30 per BOE because these initiatives and workover costs are creating near-term expense pressure. They also flagged continued macro uncertainty around oil prices and said Bakken differentials are unlikely to stay at the unusually favorable second-quarter levels all year.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 93.9%
- Shares Outstanding
- 56.30M
- Float Shares
- 52.85M
of shares held by institutions
515 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for CHRD, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Michael Patrick GuestHouse · MS03 | Sell | Jan 9, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Jan 9, 26 | Filing → |
| Lisa McClainHouse · MI09 | Buy | Jun 24, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Mar 19, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Oct 17, 24 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Sep 16, 24 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Feb 13, 24 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Jan 24, 24 | Filing → |
| Michael Patrick GuestHouse · MS03 | Buy | Aug 4, 23 | Filing → |
| Christopher L. JacobsHouse · NY27 | Buy | Dec 12, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 7.06M | ▲ 115.12K |
| Vanguard Group Inc | 5.79M | ▼ 104.37K |
| Fmr LLC | 3.20M | ▼ 682.55K |
| Wellington Management Group Llp | 3.17M | ▼ 616.64K |
| Invesco Ltd. | 2.82M | ▲ 552.77K |
| Vanguard Capital Management LLC | 2.54M | ▼ 15.66K |
| State Street Corp | 2.37M | ▼ 40.04K |
| Dimensional Fund Advisors LP | 1.95M | ▲ 402.16K |
| American Century Companies Inc | 1.92M | ▲ 240.42K |
| Victory Capital Management Inc | 1.83M | ▼ 220.40K |
| Geode Capital Management, LLC | 1.22M | ▲ 22.89K |
| Aqr Capital Management LLC | 1.18M | ▲ 24.64K |
Held by 399 ETFs
Biggest fund positions in CHRD by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 10, 26 | McKinney Samantha | sell | 1,100 |
| Aug 10, 26 | McKinney Samantha | sell | 1,100 |
| Aug 11, 26 | Kinney Shannon Browning | sell | 4,019 |
| Aug 7, 26 | Brooks Douglas E | sell | 8,000 |
| Aug 1, 26 | Kinney Shannon Browning | other | 2,609 |
| Jul 23, 26 | Lou Michael H | sell | 10,000 |
| Jun 15, 26 | Dundas Ian C | other | 72,171 |
| May 15, 26 | Henke Darrin J. | sell | 1,276 |
| May 7, 26 | Brooks Douglas E | sell | 3,000 |
| May 8, 26 | Brooks Douglas E | sell | 3,500 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CHRD coverage
Recent articles, reports, and earnings notes.
Want a deeper read on CHRD?
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Chord Energy: Q2 Strengthens The Buyback And FCF-Per-Share Thesis
seekingalpha.com · Aug 17
Chord Energy Corporation $CHRD Shares Bought by Bank of America Corp DE
defenseworld.net · Aug 15
CHRD Jumps 14.1% in a Month, but Can the Rally Keep Running Higher?
zacks.com · Aug 13
New Strong Sell Stocks for August 12th
zacks.com · Aug 12
Chord Q2 Earnings Miss, Revenues Beat on Higher Oil Output & Price
zacks.com · Aug 10
Chord Energy (NASDAQ:CHRD) Director Sells $1,065,120.00 in Stock
defenseworld.net · Aug 10
Chord Energy Corporation (CHRD) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 6
Chord Energy Q2 Earnings Call Highlights
marketbeat.com · Aug 6
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
