The strong operational beat and raised volume outlook support a bullish view. Watch for further upside from 4-mile lateral program and commodity price tailwinds. Consensus estimates may be revised upward.
Price Chart
Executive Summary
Chord Energy reported a strong Q1 2026 beat on adjusted EPS ($4.56 vs consensus $3.35, +36.1%) driven by oil volumes above guidance and cost discipline. The company raised its FY26 oil volume outlook by 2 MBopd to 161 MBopd while keeping capital unchanged, signaling improved efficiency. Revenue of $1.15B was in line.
Key Financial Metrics
Key Facts
- Q1 2026 adjusted diluted EPS of $4.56 beat consensus of $3.35 by 36.1%
- Oil volumes of 158.0 MBopd exceeded high-end of guidance
- FY26 oil volume guidance raised by 2 MBopd to 161 MBopd at midpoint, CapEx unchanged at $1.4B
- Adjusted EBITDA of $713M and adjusted FCF of $321M both above expectations
- Net cash provided by operating activities was $507.5M
- Returned $145M to shareholders via dividend ($1.30/share) and $71M in buybacks
Financial Impact
Adjusted EPS beat by $1.21 (36.1%) vs consensus; FY26 volume guidance raised 2 MBopd
Risk Factors
- Commodity price volatility could impact cash flow and guidance
- Large derivative losses ($241M) add earnings volatility
- Execution risk on 4-mile lateral program
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001486159-26-000017 |
| Document: oas-20260505.htm | 0001486159-26-000017 |
| Document: 0001486159-26-000017-index-headers.html | 0001486159-26-000017 |
| Document: 0001486159-26-000017-index.html | 0001486159-26-000017 |
| Document: 0001486159-26-000017.txt | 0001486159-26-000017 |
| 8-K Data (Synthetic) | 0001486159-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $150.48 | awaiting T+5 | — | $156.15 (+3.77%) |
Oct 19, 2026 7d ago | 8-K | $152.22 | awaiting T+5 | — | $156.15 (+2.58%) |
Oct 19, 2026 7d ago | Press Release | $152.22 | awaiting T+5 | — | $156.15 (+2.58%) |
Oct 19, 2026 7d ago | Press Release | $154.48 $156.15 | ▲ +1.08% | ▲ +1.23% | $156.15 (+1.08%) |
Oct 19, 2026 7d ago | Press Release | $154.48 $156.15 | ▲ +1.08% | ▲ +1.23% | $156.15 (+1.08%) |
Aug 12, 2026 10w ago | Insider Cluster | $134.46 $148.81 | ▲ +10.68% | ▲ +12.64% | $156.15 (+16.14%) |
Aug 5, 2026 11w ago | Press Release | $132.50 $134.46 | ▲ +1.48% | ▲ +0.26% | $156.15 (+17.85%) |
Jun 12, 2026 19w ago | Institutional Cluster | $135.34 $123.12 | ▼ −9.03% | ▼ −9.70% | $156.15 (+15.38%) |
May 18, 2026 23w ago | Insider Cluster | $148.35 $133.70 | ▼ −9.88% | ▼ −12.17% | $156.15 (+5.26%) |
May 7, 2026 24w ago | S-3ASR | $136.44 $142.54 | ▲ +4.47% | ▲ +3.01% | $156.15 (+14.45%) |
US Market Status
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