CHRD earnings analysis
What we found in CHRD's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Chord Energy's Q1 2026 results showed a significant EPS beat but a slight revenue miss. The company reported diluted EPS of $4.56, exceeding the consensus estimate of $3.46, while revenue reached $1.15 billion, slightly below the expected $1.16 billion. Management forecasts increased oil production in the upcoming quarter, which might bolster future results.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong EPS Performance
- Reported EPS of $4.56 exceeded estimates of $3.46, representing a 31.8% surprise.
- Gross Margin Improvement
- Gross margin increased to 90.8% in Q1 2025 from 73.2% in Q4 2024.
- Increased Oil Production Guidance
- Management anticipates a midpoint oil volume guidance of 164.0 MBopd for Q2 2026.
- Positive Free Cash Flow
- The reported free cash flow for Q1 2026 was robust at $348 million.
- Stock Repurchase Program Progress
- The company repurchased 559,064 shares at an average price of $126.53 per share.
- Strong Comparison to Prior Year
- Q1 2026 EPS of $4.56 shows improvement compared to Q1 2025 EPS of $3.66.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Commodity Price Volatility
- Crude oil prices have been highly volatile, with potential for significant impacts on revenues.
- High Credit Exposure
- Credit losses on joint interest receivables were $2.5 million in Q1 2026, posing financial risk.
- Market Concentration Risk
- Dependence on a few significant customers for crude oil sales may adversely affect revenue.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $4.56
- Gross margin
- 90.8%
- Operating margin
- 27.4%
What they said about what is next.
Q2 2026 oil volume guidance midpoint is 164.0 MBopd, reflecting an increase.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- Chord’s 2025 filings show a volatile operating year: underlying revenue run-rate remained near $4.9 billion (sum of quarterly revenues) while margins and EPS swung due to a large mid-year non-cash charge and…
- 10-Q · November 6, 2025
- Chord reported third-quarter 2025 total revenues of $1,312,081,000, down $138,386,000 (9.5%) versus Q3 2024 and operating income of $170,790,000 (down $102,103,000 or 37.4% year-over-year). Diluted EPS was $2.26 for the…
- 10-Q · August 7, 2025
- Chord reported total revenue of $1,180,560,000 for Q2 2025 and a large non-cash goodwill/asset impairment that drove an operating loss of $403,215,000 and a net loss of $389,905,000 (diluted EPS $(6.77)). Operating cash…
- 10-K · February 27, 2025
- Chord’s Form 10-K (period ended 2024-12-31) emphasizes growth through the Arrangement and continued development of Williston Basin assets while flagging integration and commodity-price sensitivity. FY2024 implied…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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