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…
Earnings analysis · 10-Q
CHRD earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $4.56
What stood out
-
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.
What to watch
-
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.
Management's outlook
Q2 2026 oil volume guidance midpoint is 164.0 MBopd, reflecting an increase.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.