Nov 4, 5:11 PM ET
Chord Energy reported third-quarter 2026 results, with net income of $181.6 million ($3.29 per diluted share) compared with $130.1 million ($2.26) a year earlier, though below the $525.2 million reported in the second quarter. The company raised its full-year 2026 oil volume guidance and expects Adjusted Free Cash Flow to be about $200 million higher than in August, while also announcing a $550.0 million gross Marcellus divestiture expected to close in the fourth quarter.
- Net income was $181.6 million ($3.29 per diluted share) in Q3 2026, up from $130.1 million ($2.26) in Q3 2025 and down from $525.2 million in Q2 2026.
- FY26 oil volume midpoint guidance increased about 1% from 161.0 to 162.5 MBopd; FY26 Adjusted Free Cash Flow expectations rose about $200 million since the August outlook.
- The company repurchased $205.0 million of shares in Q3 2026 and another $78 million in Q4 2026 through October 30, 2026, and declared a base dividend of $1.30 per share payable December 7, 2026.
- Marcellus non-operated assets are being divested for total gross consideration of $550.0 million, with closing expected in Q4 2026.
Read the filing on SEC.gov ↗
Oct 19, 5:27 PM ET
Chord Energy said CEO Daniel Brown resigned effective October 19, 2026, and named Michael Lou, its former Chief Strategy and Chief Commercial Officer, as President and CEO and a director. In preliminary third-quarter results, the company said volumes exceeded the high end of its August 2026 guidance and adjusted free cash flow was above expectations, but the filing gives no revenue or net income figures and the financial statements are not yet final.
- Daniel Brown resigned as President and CEO and as a director effective October 19, 2026, to pursue another professional opportunity, and will receive no severance.
- Michael Lou, age 52, was appointed President and CEO effective October 19, 2026, and will not serve on any Board committees for now.
- Chord repurchased $205 million of shares in 3Q26 at an average price of $135.74, and another $44.3 million in 4Q26 to date at $142.32.
- At September 30, 2026, cash and cash equivalents were $804.7 million and total debt was $1,482.2 million; a non-operated Marcellus divestiture has $550 million in total gross consideration.
Read the filing on SEC.gov ↗
Aug 6, 4:20 PM ET
Chord Energy said Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary Shannon Kinney will resign effective August 31, 2026, to pursue a General Counsel role at ConocoPhillips. The filing does not name a replacement and says one will be announced at a later time, so shareholders will learn who takes over these responsibilities only after that announcement.
- Shannon Kinney notified the company of her resignation on August 2, 2026.
- Her resignation takes effect August 31, 2026.
- She is leaving to become General Counsel of ConocoPhillips.
- Her replacement has not been named and will be announced later.
Read the filing on SEC.gov ↗
Aug 5, 4:53 PM ET
Chord Energy reported second quarter 2026 results, with net income of $525.2 million, or $9.28 per diluted share, compared with a net loss of $389.9 million in the year-earlier quarter. The company also declared a $1.30 per share base dividend and repurchased $147.4 million of stock, while updating its 2026 outlook, including a higher full-year lease operating expense midpoint of $10.30 per barrel of oil equivalent. Full-year capital spending and oil volume midpoints were left unchanged.
- Net income was $525.2 million ($9.28 per diluted share) versus a net loss of $389.9 million in 2Q25; adjusted diluted EPS was $6.44 versus $1.79 a year earlier and $4.56 in 1Q26
- Oil, NGL and natural gas revenues were $1,494.3 million versus $950.3 million in 2Q25; adjusted EBITDA was $923.5 million versus $547.2 million
- Full-year 2026 guidance: approximately $3.0 billion adjusted EBITDA and $1.3 billion adjusted free cash flow; LOE midpoint raised to $10.30 per BOE; 4Q26 oil volumes expected to decline from 3Q26
- Base dividend of $1.30 per share payable September 4, 2026 to holders of record as of August 20, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.