Quarterly ResultMay 5, 2026, 04:43 PM
Chord Energy Q1 Net Income $108.6MM; Oil Volumes 158.0 MBopd
AI Summary
Chord Energy reported strong first quarter 2026 financial and operating results, with net income of $108.6 million and Adjusted Net Income of $258.9 million ($4.56/diluted share). The company's oil volumes of 158.0 MBopd exceeded the high-end of guidance, supported by efficient operations and strong cash generation. Chord also updated its 2026 outlook, increasing full-year oil volume guidance by 2 MBopd to 161 MBopd while maintaining capital expenditure plans, and declared a base dividend of $1.30 per share.
Key Highlights
- Q1 2026 Net Income was $108.6 million.
- Adjusted Net Income reached $258.9 million ($4.56/diluted share).
- Oil volumes hit 158.0 MBopd, exceeding high-end guidance.
- Net cash from operating activities was $507.5 million.
- Adjusted Free Cash Flow totaled $324.0 million.
- Declared a base dividend of $1.30 per share.
- Repurchased $70.7 million in common stock.
- Increased FY26 oil volume guidance to 161 MBopd (midpoint).