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AI brief of an SEC Form 8-K · Chord Energy (CHRD)

Chord Energy Q1 net income falls to $108.6 million; oil volume guidance raised

Mixed Impact 4 of 5 earnings Written later

Chord Energy reported first-quarter 2026 results on May 5, 2026. Total oil, NGL and natural gas revenues rose to $1.15 billion from $1.10 billion a year earlier, and adjusted diluted EPS was $4.56 versus $4.04. GAAP net income fell to $108.6 million from $219.8 million, mainly because of a $241.5 million net loss on derivative instruments, and the company raised its full-year 2026 oil volume outlook by 2 MBopd to 161 MBopd while leaving capital spending unchanged.

Key points

  • Net income was $108.6 million ($1.90 per diluted share), compared with $219.8 million ($3.66 per diluted share) in the first quarter of 2025; net loss on derivative instruments was $241.5 million.
  • Adjusted net income was $258.9 million ($4.56 per diluted share), compared with $240.9 million in the first quarter of 2025.
  • Oil volumes were 158.0 MBopd, above the high end of guidance; the company raised its FY26 oil volume guidance to 161 MBopd at the midpoint.
  • The company declared a base dividend of $1.30 per share, payable June 5, 2026, to holders of record on May 20, 2026; it repurchased $70.7 million of stock in the quarter.

The filing

CompanyChord Energy (CHRD)
Form8-K, current report
Filed with the SECMay 5, 2026, 4:39 PM ET
Accession number0001486159-26-000017

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.