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Chord Energy (CHRD)
NASDAQ:CHRD
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.27Last Year’s EPS
4.04Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial picture: substantial free cash flow, disciplined capital returns ($6.7B returned since 2021), meaningful run-rate improvements ($160M in 2025 representing ~23% of 2026 estimated FCF), and measurable cost/efficiency gains (breakeven down >10%, F&D trending ~22% lower). Management delivered confident 2026 guidance (157k–161k bbl/d, $1.4B capex, ~$700M FCF at stated price deck) while highlighting execution resilience and ongoing optimization opportunities (marketing/midstream savings, surfactant trials, longer laterals). The primary negatives were strategic: a deliberate low-to-no oil growth stance for 2026 (maintenance-focused), some infrastructure/local water disposal investment needs, and that the full benefits of newly TILed four-mile wells are not yet captured in reserve filings. Overall, the positives (cash generation, cost reductions, inventory upgrades and shareholder returns) materially outweigh the limited operational and forward-looking risks discussed.Company Guidance
Strong Free Cash Flow and Capital Returns
Adjusted free cash flow for Q4 2025 was $175,000,000, substantially exceeding expectations; approximately 50% of that amount was returned to shareholders (base dividend $0.30 per share and the remainder via share repurchases). Since 2021 the company has returned $6.7 billion to shareholders (noted as higher than current market cap).
2026 Guidance: Healthy FCF at Moderate Activity
2026 plan targets average oil volumes of 157,000–161,000 barrels per day with capital of $1,400,000,000. At benchmark prices of $64/bbl oil and $3.75/MMBtu gas, Chord expects approximately $700,000,000 of free cash flow for 2026.
Operational Efficiency and Inventory Improvements
Achieved the 2025 goal of converting 80% of inventory to long laterals (four-mile) by year-end ahead of schedule. The company lowered the weighted-average breakeven of its inventory by more than 10% and reported program-level capital efficiency improvements versus prior years.
Material Run-Rate FCF Improvements
Chord drove $160,000,000 of free cash flow improvement in 2025 from controllable items (less capital, lower LOE, lower production taxes, lower G&A, improved marketing). Management says the $160,000,000 represents ~23% of estimated 2026 free cash flow and is largely run-rate.
Capital Discipline Since Enerplus Combination
Since combining with Enerplus in 2024, capital spending has been lowered nearly $100,000,000 while delivering ~6,000 barrels per day more oil production. In 2025 overall capital came in approximately $60,000,000 lower than expectations.
Lower F&D and Per-Foot Costs
Company-level future F&D costs have trended ~22% lower over the past few years; per-foot drilling and completion costs have decreased due to longer laterals and improved execution, improving capital efficiency (volume delivered relative to capital spent is more efficient for 2026 vs. 2025).
Marketing / Midstream Savings Opportunity
Management highlighted $30,000,000–$50,000,000 of annual run-rate savings potential from marketing/midstream contract renegotiations and optimization (oil, gas and water) as legacy contracts come up for renewal in a more competitive cost environment.
Execution Resilience and Weather Recovery
Despite severe weather (Winter Storm Fern) activity and production impacts were limited; management reported quick recovery and that first-quarter 2026 program remains in line with previous expectations. The company is running five rigs (mix of 3- and 4-mile wells) and one full-time frac crew, with ~80% of TILs expected to be longer laterals.
Technology Trials and Production Optimization
Chord has pumped 19 chemical/surfactant treatments to date for production improvements and is studying results; management indicated potential to apply successful treatments across a large base (nearly 5,000 PDP wells).
CHRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CHRD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $103.70 | $105.38 | +1.62% |
Nov 04, 2025 | $87.67 | $83.79 | -4.43% |
Aug 06, 2025 | $102.05 | $96.88 | -5.07% |
May 06, 2025 | $86.99 | $86.54 | -0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Chord Energy (CHRD) report earnings?
Chord Energy (CHRD) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Chord Energy (CHRD) earnings time?
Chord Energy (CHRD) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHRD EPS forecast?
CHRD EPS forecast for the fiscal quarter 2026 (Q1) is 1.27.