Business
Chord Energy Reports First Quarter 2026 Financial and Operating Results, Updates 2026 Outlook and Declares Base Dividend
Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") today reported financial and operating results for the first quarter 2026.
About this update from Chord Energy Corporation
[{"type":"text","content":"HOUSTON, May 5, 2026 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") today reported financial and operating results for the first quarter 2026.","length":225,"tagName":"p"},{"type":"image","alt":"Chord Energy Logo (PRNewsfoto/Chord Energy)","displaySize":"","headline":null,"caption":"Chord Energy Logo (PRNewsfoto/Chord Energy)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":106,"url":"https://media.zenfs.com/en/prnewswire.com/c12419918aec2afdd1e41900847fb3a5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dvLSD982S9QP6vf5zV.E2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4Nw--/https://media.zenfs.com/en/prnewswire.com/c12419918aec2afdd1e41900847fb3a5","width":400,"height":106}},"href":"https://mma.prnewswire.com/media/149734/Chord_Energy_Logo_NEW.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Key Takeaways and Updates: ","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Operational Strength: Cash Flow from Operations and Adjusted Free Cash Flow exceeded expectations in 1Q26, supported by oil volumes above the high-end of guidance and capital in line with expectations;","length":201,"tagName":"p"}]},{"val":[{"type":"text","content":"Improving Efficiency: Strong drilling and completions ("D&C") and production operations led Chord to increase FY26 oil volumes by 2 MBopd to 161 MBopd while keeping capital unchanged;","length":197,"tagName":"p"}]},{"val":[{"type":"text","content":"4-Mile Lateral Update: Successfully executed and turned in line ("TIL") the Toonie 5-well pad, representing Chord's first full 4-mile DSU development. Execution and performance are in line with expectations;","length":226,"tagName":"p"}]},{"val":[{"type":"text","content":"Shareholder Returns: Returned $145MM to shareholders through a base dividend of $1.30 per share and $71MM of share repurchases.","length":127,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":751,"olType":false},{"type":"text","content":"1Q26 Operational and Financial Highlights:","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Strong Volumes: Oil volumes of 158.0 MBopd exceeded the high-end of guidance and were 2.6% above the midpoint ...